GigaSpaces, a leading provider of in-memory computing (IMC) and advanced analytics platforms, announced strong results for 2017, and advancements that position the company for continued growth and success in 2018. With a strengthened leadership team in place and the launch of its unified advanced analytics, AI and transactional processing platform, GigaSpaces continues to grow its customer base and partner ecosystem.

In 2017 GigaSpaces launched its open source InsightEdge platform, unifying the company’s XAP in-memory data grid with its analytics product – resulting in a hybrid transactional and analytical processing platform for accelerating intelligent application innovation which leverages real-time analytics on transactional data. The platform utilizes Apache Spark to power real-time insights for data-driven transformation in exciting areas spanning IOT, machine learning, customer 360 and extreme transactional processing. Closed loop feedback provides real-time operational optimization and enhanced customer experience engagements.

In 2017 the company continued to foster its partnership and technology innovation with Intel® Corporation. GigaSpaces’ solutions with Intel® Optane™ SSDs, Intel® Xeon® Scalable Processor and BigDL® for AI Deep Learning innovation were spotlighted at a variety of industry events.

Extensive innovations drove growth with existing customers and new account wins, with InsightEdge experiencing exponential growth since its market introduction. GigaSpaces has seen its development bolstered by clients in finance, retail, insurance, transportation and telco and the company has also expanded its footprint this year to include utility providers.

“GigaSpaces has undoubted expertise regarding in-memory data processing, on which it is once again fully focused with the Cloudify business now spun off,” said Matt Aslett, Research Director, Data Platforms and Analytics at 451 Research. “The combination of Spark and XAP will enable GigaSpaces to target the new breed of real-time analytics and hybrid operational and analytic workloads.”

To support and increase its momentum, the company has augmented its leadership team.

  • Adi Paz is transitioning from GM of the IMC Business Unit to CEO of GigaSpaces, where he’ll leverage his 8 years of overseeing GigaSpaces IMC vision and strategy.
  • Vin Costello joins the company as SVP and GM of Americas, bringing 20 years of tech management experience from companies such as Verizon, Allot Communications and Numerex Corporation.
  • Nadav Finish joins the company as CTO, bringing extensive knowledge and experience from his engagements in the advanced analytics domain.

The management team also includes Barak Bar Orion who continues as Head of R&D, Karen Krivaa as VP of Marketing, Yosi Shahror as CFO and Idit Plaut as VP of HR.

“We finished 2017 in a strong profitable position, having increased demand for our products, expanded important partnerships, and launched a variety of initiatives that allow our customers to simplify and accelerate big-data and advanced analytics innovation,” said Adi Paz. “With a deeper leadership team and strong roadmap in place, we’ll continue to meet the growing needs of enterprises across the globe, as they transform into insight-driven organizations.”

For more information, visit www.gigaspaces.com and blog.gigaspaces.com

About GigaSpaces

GigaSpaces provides the leading in-memory computing platform for fast data analytics and extreme transaction processing. With GigaSpaces InsightEdge Platform, and its core engine XAP, organizations can overcome the complex obstacles of big data and advanced analytics to deliver real-time business impact. Hundreds of Tier-1 and Fortune-listed organizations worldwide leverage GigaSpaces across financial services, retail, transportation, telecom, healthcare, and others. GigaSpaces offices are located in the US, Europe and Asia.