EXASOL launches startup program to help entrepreneurs create disruptive digital businesses that have analytics and data at their core

As the Internet of Things and Industry 4.0 turns into reality and digital startups boom in the UK, EXASOL launches a program that allows them to build innovative data-driven companies using the world’s fastest analytic database in a private cloud

London, U.K. – 23 September 2015 – From today, digital startups building data-driven and analytics-based companies now have access to the world’s fastest analytic database from EXASOL, allowing them to build a first-class product or service that has analytics and data at their core. EXASOL’s startup program has been specifically designed to champion the startup community, allowing them to bring their smart and innovative ideas – underpinned by the need for fast data processing, data analytics and reporting – to life.

Costing €500 per month, startups can now build commercial offerings that are dependent on analyzing large data volumes and running complex queries within seconds. The program offers access to EXASOL’s in-memory analytic database software in a private cloud environment, developer tools, technical services and support. Not only can startups get started easily by accessing the technology in the cloud, but they also benefit from a powerful and scalable analytic database that grows in line with their business.

EXASOL’s startup program is a Database-as-a-Service offering via EXACloud, EXASOL’s own private cloud infrastructure, which offers an attractive model to startups; it is a pay-as-you-go model where startups can scale up and down where needed and benefit from an OPEX rather than CAPEX model. The startup program also provides in-database analytics where the database can be extended with a suite of analytical functions including scalar, aggregate and geospatial capabilities, as well as user defined functions (UDF) which can be written in R, Python, Lua or Java.

Digital startups that are already benefitting from EXASOL include dailymeTV, provider of television content via mobile devices; sensalytics, the analytics company that allows bricks and mortar retailers to compete with the online retailers using sensors in shops to gain the same level of data insight; and Wunderdata, providers of a comprehensive business intelligence and reporting suite for online stores.

Holger Schween, CEO of dailymeTV says: "With EXASOL’s in-memory database, we have found a solution that is simply unbeatable in terms of speed and performance. Whatever analysis we want is delivered on time in the morning and now, thanks to the cloud service, we are flexible in every respect."

Omar Tello, CEO of sensalytics, adds: "Every startup operating in the field of analytics or big data can benefit from EXASOL. sensalytics is incredibly grateful to EXASOL for being there to support us and for the opportunity to use the in-memory Database-as-a-Service."

Stefan Ladenthin, CTO of Wunderdata comments: "In the past, the average waiting time to process various data models was two hours. With EXASOL, we have cut it down to just 15 seconds."

Aaron Auld, CEO of EXASOL explains the reason behind the startup program: "The big data revolution is in full swing and the Internet of Things and Industry 4.0 are firmly here to stay. There are enormous opportunities for data-intensive startups in every industry, from fashion to sport, from retail to food, to build new businesses that are underpinned by analytics and reporting. With a 92 percent increase in digital companies incorporated in London alone between 2010 and 2013, the UK is a hotbed of digital innovation. 15 percent of companies that started between 2013 and 2014 were digital, venture capitalism is on the rise and, with its Silicon Roundabout technology startup hub, London is the biggest creator of startups outside of Silicon Valley. As a high-growth technology company ourselves we speak the startup language. It’s our goal to provide digital startups with the best tool at an affordable price in order to make their vision of innovative businesses a reality."

Startup companies looking to get started can register their interest at http://www.exasol.com/en/startup/

About EXASOL

EXASOL is passionate about helping companies to run their businesses smarter and drive profit by analyzing data and information at unprecedented speeds.

The company develops the world‘s fastest database for analytics and data warehousing, and offers first-class know-how and expertise in data insight and analytics. The in-memory analytic database is the first database to combine in-memory, columnar compression and massively parallel processing, and is proven to be the world‘s FASTEST, topping the list in the TPC-H Benchmark tests for performance.

Companies that depend on EXASolution to analyze their data in real-time include Adidas Group, GfK, IMS Health, King, Olympus, myThings, Sony Music and Xing.

For more information visit us at www.exasol.com and follow us on twitter, facebook, xing, linkedin or on our Blog.

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