San Jose, CA, January 30, 2014 — Objectivity, Inc., announced today that revenues increased 42% in the first half of FY14 over the same period a year ago. In addition, bookings were up 62% over the same period a year ago.
“We are very happy with the significant growth in our revenue and increased adoption of our products and technology. This is a great indicator of our strengths in the Big Data market as a leading enterprise technology”, says Gary Lewis, CFO.
Recently acknowledged by Database Trends and Applications (DBTA) as Trendsetting Products of 2014, Objectivity/DB, an object oriented database and InfiniteGraph, a distributed graph database, have enabled the development of solutions for some of today’s most complex, data-intensive problems in industries including telecommunications, networking, healthcare, government, manufacturing and finance.
“Our strength as a technology partner is highlighted by our maintenance and support renewal rate of 94% during the first half of FY14,” states Jay Jarrell, CEO. “We are excited about the company’s future potential and continue to support our customer’s solution needs with improved performance, features and functionality to provide insight and value.”
Objectivity, Inc. is a pioneer in high-performance distributed database platforms that power mission-critical applications for the most demanding and complex data sources in the enterprise. Objectivity delivers organizational agility at scale by enabling our customers to enrich Big Data with Fast Data.
With a rich history serving Global 1000 customer and partners, Objectivity holds deep domain expertise in fusing vital information from massive data volumes to capture new revenue opportunities, drive competitive advantages and deliver better business value. Objectivity is privately held with headquarters in San Jose, California. Visit www.objectivity.com to learn more.
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