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Composite Software Reports Revenue Growth for Seventh Consecutive Year

Tuesday, February 8, 2011

Composite Software, Inc. today announced it completed 2010 with its seventh consecutive year of revenue growth, significant customer wins, strategic industry partnerships and increased market recognition, further solidifying its position as the leading data virtualization software provider addressing the demands of global enterprises seeking more agile, cost-effective data integration solutions.

Highlighting 2010 was a new release of the Composite Data Virtualization Platform™ that delivered the industry’s most complete and highest performing data virtualization offering, with capabilities from upfront data discovery and modeling to ongoing operations monitoring. In addition, Composite gained dozens of significant new customers in 2010 including CARFAX, the Environmental Protection Agency (EPA), Excellus, Nexen, NYSE Euronext, TELUS and Time Warner Cable. Ten of the top 20 global money center banks, six of the top 10 pharmaceutical firms, four of the top five energy companies and leading media and communications companies now leverage Composite's offerings.
Additional 2010 highlights include:

  • Composite customer Compassion International’s Ministry Information Library—designed to integrate information for more than four million people—was recognized as a “Laureate” in IDG's Computerworld Honors Program and received the BeyeNETWORK 2010 Vision Award for Business Impact.
  • Composite hosted Data Virtualization Day in New York City, attended by more than 100 Composite customers, prospects, industry analysts and media. Presenters included Michael Linhares, Ph.D. and research fellow at Pfizer, Inc.; Emile Werr, VP Global Data Services at New York Stock Exchange; and Prashant Sarode, VP at Wells Fargo Wholesale Bank. Deutsche Bank, Northern Trust and Comag Marketing Group were awarded “High Impact”, “Rapid Development” and “Customer Value” awards.
  • Composite was identified as a leader in the February 2010 independent report “The Forrester Wave™: Information-As-A-Service (IaaS), Q1 2010”, from Forrester Research Inc.. Composite customer Pfizer was highlighted in Forrester’s October 2010 report “Empower BI Heroes With Self-Service Tools.” In addition, Forrester analysts Boris Evelson, Gene Leganza and Noel Yuhanna were guest presenters on Information Architecture and Agile BI webinars with Composite.
  • Reports from two independent analyst firms, Enterprise Management Associates (EMA) and Bloor Research, recognized the Composite Data Virtualization Platform as the IT industry’s leading data virtualization solution.
  • Netezza introduced the Netezza Data Virtualizer™ based on the Composite Information Server to simplify, accelerate and optimize the integration of data stored across multiple Netezza data warehouse appliances and deliver query results to reporting and analytic applications.
  • Composite also partnered with Kapow Technologies to simplify and accelerate the integration of critical web data in large-scale data virtualization environments, and Predixion Software to extend data source connectivity and accelerate query performance for Predixion customers
  • Composite launched the Data Virtualization Leadership Series™, providing a forum for groundbreaking white papers, articles and webcasts by leading IT industry analysts and advanced data virtualization practitioners such as Claudia Imhoff of Intelligent Solutions, Colin White of BI Research, David Loshin of Knowledge Integrity, Mike Ferguson of Intelligent Business Strategies and Rick van der Lans, R20/Consulting.

“There is far too much information of too many varieties to ever truly succeed in getting all of it into a single enterprise data warehouse (EDW),” said data warehousing pioneer Dr. Barry Devlin, founder and principal of 9sight Consulting, who proposes a fully integrated business, covering informational, operational and collaborative environments. “There is also an ever growing business demand for access to near real-time information that ETL, however trickle-fed, struggles to satisfy. The virtualization approach thus makes sense as a mass access mechanism for such big data,” Devlin said.

Added Robert Eve, executive vice president of Marketing for Composite Software, “As new “fit-for-purpose” data stores based on appliances, MPP and NoSQL rapidly proliferate, organizations are rethinking their traditional data integration strategies. Composite Software has emerged as the clear choice when evaluating virtualized approaches for today's, more-complex data integration challenges.”

About Composite Software, Inc.

Composite Software, Inc. is the data virtualization gold standard at ten of the top 20 banks, six of the top ten pharmaceutical companies, four of the top five energy firms, major media and technology organizations; and multiple government agencies. These are among the hundreds of global organizations with disparate, complex information environments that count on the Composite to increase their data agility, cut costs and reduce risk. Backed by nearly a decade of pioneering R&D, Composite is the data virtualization performance leader, scaling from project to enterprise for data federation, data warehouse extension, data virtualization layer and cloud data integration. Composite Software is a privately held, Silicon Valley-based corporation. For more information, please visit http://www.compositesw.com.

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