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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

SingleStore Announces World’s Only Hybrid Multi-cloud, Unified Analytical and Transactional Database

June 23, 2021 GMT

SAN FRANCISCO--(BUSINESS WIRE)--Jun 23, 2021--

SingleStore, the world’s fastest unified database for data-intensive applications, today announced the availability of the only database in the industry that addresses both analytical and transactional workloads for the multi-cloud world. SingleStore users can scale their applications flexibly and cost effectively without compromising on performance. This marks a watershed moment for the database industry, which has historically architected databases for analytical or transactional workloads.

“Never before has a company architected a database for both analytics and transactional workloads -- and without compromising on performance, efficiency or flexibility,” said SingleStore CEO Raj Verma. “SingleStore provides the world’s only highly performant, hybrid multi-cloud database that unifies analytical and transactional workloads. In introducing this, we’ve created a new category that will define the future of databases and data platforms.”

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Key SingleStore product announcements include:

  • Separation of Storage & Compute, which is available in data warehouses but has never before been available in a unified database that supports both transactional and analytical workloads;
  • Point-In-Time Recovery (PITR), which enables system-of-record capability; and
  • Universal Storage with multicolumn key support, so customers no longer need separate operational and analytical systems, and developers don’t have to dedicate valuable time to extracting, transforming, and loading (ETL) to a data warehouse to perform analytics. A unified platform also makes queries run faster, decreases complexity, and provides a better price:performance ratio.

“Separation of storage and compute enables data-intensive workloads to scale in a cost-effective way while delivering the extreme performance SingleStore is known for,” said SingleStore Chief Product Officer Jordan Tigani. “PITR enables system-of-record capability, allowing users to run their businesses on SingleStore with confidence. Universal storage is the last step in realizing the vision of a single database that supports both analytical and transactional workloads in one place. Now developers can add analytics to their applications, and data engineers can keep up with rapidly changing data using SingleStore. Having a unified platform is also faster, more efficient, flexible, and easy to manage for SingleStore customers.”

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SingleStore is available as a managed service on any major cloud service provider and available for self-hosted use. SingleStore Managed Service users can subscribe to monthly credit bundles and consume them as needed for dynamic workloads. Now they can avoid worrying about accurately sizing their clusters. Users also can benefit from discounts for prepaying, but without getting locked into a use-it-or-lose-it model. These options provide SingleStore users with more control, flexibility and predictability.

“Most organizations want to utilize a single analytical data infrastructure (ADI) platform to support multiple business intelligence and analytics use cases and workloads, with a focus on core use cases of reporting, dashboards, and data discovery/exploration,” said Howard Dresner, founder and chief research officer at Dresner Advisory Services. “The majority of business function respondents prefer an ADI platform accessed and licensed via a cloud deployment.”

About SingleStore

SingleStore is dedicated to helping businesses adapt more quickly, embrace diverse data, and accelerate digital innovation by operationalizing all data through one platform for all of their moments that matter. These capabilities are provided as a service on Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, and Red Hat and through your own deployments with SingleStore Managed Service and SingleStore DB.

Follow us @SingleStoreDB or visit at www.singlestore.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210623005052/en/

CONTACT: Marcie Montague

SingleStore

mmontague@singlestore.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: NETWORKS INTERNET DATA MANAGEMENT TECHNOLOGY SOFTWARE

SOURCE: SingleStore

Copyright Business Wire 2021.

PUB: 06/23/2021 12:00 PM/DISC: 06/23/2021 12:02 PM

http://www.businesswire.com/news/home/20210623005052/en