|By Business Wire||
|May 20, 2014 09:30 AM EDT||
Continuent, Inc., a leading provider of open source database clustering and replication solutions, today announced that in the first quarter the Company signed several new enterprise customers including eBay and Groupon, while more than 95 percent of existing customers renewed their Continuent Tungsten software subscriptions. Continuent also increased its year-over-year sales for the first three months by more than 246 percent.
This strong growth was fueled in part by demand for Continuent Tungsten 2.0, a proven MySQL clustering solution that supports high-availability, disaster recovery, and geographically distributed data needs. Adding to the rapid increase in revenue were sales associated with Continuent’s recently announced real-time, open source replication solution for Hadoop, Tungsten Replicator 3.0.
Continuent customers represent some of the world’s leading brands from the most innovative and successful organizations. These companies handle billions of transactions daily across a wide range of industries. Current and new customers rely on Continuent for database clustering and replication, which enables them to run business-critical applications on cost-effective open source software.
“Our ability to add new customers and increase our revenue is due to our highly differentiated software offerings and our ability to quickly deliver extraordinary economic value,” says Eero Teerikorpi, Chairman and COO of Continuent. “Every day, our customers rely on Continuent’s database clustering and data replication solutions to run business-critical applications that generate billions of dollars of revenue on open source databases. Equally important is that we enable them to achieve the real-time integration needed to make their businesses thrive and grow.”
Continuent's database-as-a-service solution, Continuent Tungsten, provides high availability and disaster recovery for MySQL and MariaDB based deployment, both in own data center and in the public cloud, such as Amazon AWS. A sub-set of the complete Continuent Tungsten solution, Tungsten Replicator was released under a GPL V2 license and is a high performance, open source, data replication engine for MySQL and Oracle. Tungsten Replicator has all the features users expect from enterprise-class data replication products but with the flexibility of open source.
Continuent is a leading provider of database clustering and replication, enabling enterprises to run business-critical applications on cost-effective open source software. Continuent Tungsten provides enterprise-class high availability, globally redundant data distribution and real-time heterogeneous data integration in cloud and on-premises environments. Continuent customers represent the most innovative and successful organizations in the world, handling billions of transactions daily across a wide range of industries. For more information visit www.continuent.com, follow us on Twitter @Continuent or call (866) 998-3642.
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