EXASOL AG opened its first North American office in Silicon Valley in January 2014 as it continues to grow internationally. It is being supported in its expansion by the German Silicon Valley Accelerator (GSVA) program of the German Federal Ministry for Economic Affairs and Energy (BMWi). The Nuremberg-based company impressed during the selection process with innovative technology and a clear go-to-market strategy.
Nuremberg, Germany, January 14, 2014 – Together with eleven other German technology companies, EXASOL AG was able to impress during the GSVA application process which involved a total of 70 competitors. As a result, EXASOL AG now has a presence in Silicon Valley as of January 2014 and benefits from privileged access to this strategically important market.
“Following the expansion of our activities to Great Britain, Brazil and Israel, we are now successfully continuing our internationalization strategy with an entry into the US market”, explains Aaron Auld, CEO at EXASOL AG. “Our representation on three continents has turned us into a provider of analytical databases to be reckoned with in the shortest of times. The US offers enormous market potential, hence the GSVA program represents a major opportunity for us to further expand our customer network and position our technologically unique analytics engine on the US market.”
The German Silicon Valley Accelerator is a three to six-month program that aims to facilitate the entry of German companies into the US market by means of a strong local support network. The program is supported by the German Federal Ministry for Economic Affairs and Energy (BMWi), the BMWi’s EXIST program, and a number of private sponsors, partners and financial backers. Its vision is to establish a permanent bridge between German technology companies and Silicon Valley with the GSVA’s support so as to enable access to the world’s largest venture capital market as well as to drive research and development in addition to economic growth.
For more information on the German Silicon Valley Accelerator program, please visit germanaccelerator.com.
About EXASOL AG
EXASOL AG is one of the leading manufacturers of analytical database systems. Its scaleable software “Made in Germany” can be found in the areas of data business, customer analytics, Loading...operational BI, Loading...advanced analytics and data warehousing. With their appliance and cloud solutions, EXASOL AG customers are able to make effective decisions and gain a significant competitive advantage.
The company was founded in Nuremberg in 2000 and has two subsidiaries in Brazil and the United Kingdom. Customers from around the world rely on the technologies from EXASOL AG. These include companies such as Cacau Show, King.com, XING, Sony Music, Olympus, media control, Zalando, IMS Health and Webtrekk.