Welcome!

Big Data Journal Authors: Roger Strukhoff, Esmeralda Swartz, Liz McMillan, Trevor Parsons, Elizabeth White

News Feed Item

Concurrent, Inc. Closes $10 Million in Series B Funding for Big Data App Infrastructure

Market Leader Continues Customer and Corporate Momentum, Adds Board Member and Additional Funding to Drive Product Development and Operational Capabilities

SAN FRANCISCO, CA -- (Marketwired) -- 06/02/14 -- Concurrent, Inc., the enterprise data application platform company, today announced $10 million in Series B funding, further validating the company's leadership in enterprise application development. New investor Bain Capital Ventures led the funding round, with the participation of existing investors Rembrandt Ventures and True Ventures. Concurrent will use the financing to drive research and development of its flagship product Driven, the industry's first application performance management product for data-centric applications, and Cascading, the most widely used application development framework for building data-oriented applications. Concurrent will also scale its operations to meet growing customer demand.

Enterprises are rapidly adopting Hadoop. With it comes the increasing demand to quickly operationalize their data and delivery of data products to their customers. Concurrent enables organizations to quickly build, deploy and manage data-centric applications to meet the growing demands of the business.

Concurrent leads the market in Big Data application infrastructure with Cascading and Driven. With Cascading at the core, Concurrent continues to meet customer demand for advanced enterprise application development by supporting emerging fabrics and technologies, forging important industry partnerships and making data-driven application development simpler, faster and smarter.

Concurrent's recent corporate, customer and product milestones include:

  • Driven, the company's flagship enterprise product, purpose built to address the pain points of enterprise data application development and data application performance management by providing unprecedented visibility and control to organizations who need to deliver operational excellence.
  • Cascading 3.0 extends the de facto standard in data application infrastructure technology. Cascading sets the standard for enterprise application development, and delivers a framework that allows enterprises to build their data applications once and provides the flexibility to deploy them on the data processing fabric that best meets their business needs.
  • Cascading surpassed more than 150,000+ user downloads per month.
  • New and expanded strategic partnerships with Hortonworks, Rackspace, EPAM and Databricks.
  • Leadership expansion with the appointment of Supreet Oberoi as vice president of field engineering to support accelerated customer and product growth.
  • Inclusion in CRN's Big Data 100 in the "Big Data Infrastructure Tools and Services" and "Emerging Big Data Vendors" categories.
  • Recognition by the SD Times editors for the publication's annual SD Times 100 in the "Big Data and Business Intelligence" category.

In conjunction with today's funding news, Concurrent also announced that Salil Deshpande has joined its board of directors. Salil is managing director at Bain Capital Ventures and focuses on software infrastructure, open source and enterprise software. He also co-heads the new Palo Alto office, which has made 20 new investments in the last two years. Prior to Bain Capital Ventures, Salil spent seven years as general partner at Bay Partners, and over the last eight years has invested $120 million into 26 companies, including Typesafe, Aria Systems, MuleSoft, Buddy Media, SpringSource, Groovy and Grails, DataStax, Lending Club, Engine Yard, Dynatrace, ZeroTurnaround, Hazelcast, Iron.io and Redis Labs. Salil is on the Forbes Midas List for 2013 and 2014.

Supporting Quotes
"Concurrent continues to propel innovation forward and exemplifies just the type of company Bain Capital Ventures looks to invest in -- a business at the forefront of a hot market, with a uniquely developed, defined and widely adopted technology, and a highly seasoned executive team that understands how to best serve the enterprise application infrastructure market. The growth opportunity is huge, and I look forward to serving on the company's board to contribute to Concurrent's future direction and growth."
-Salil Deshpande, managing director, Bain Capital Ventures

"Our investors' confidence in Concurrent and this latest round of funding supports our strategy and proven leadership in providing Big Data application infrastructure to enterprises. Recognizing the maturing needs of the enterprise and emergence of new technologies, we are giving organizations the application development tools and management products they need to deliver today and in the future. This funding will not only enable us to drive our R&D execution, but will also allow us to expand operational capabilities to support our rapidly expanding user and customer base."
-Gary Nakamura, CEO, Concurrent, Inc.

Supporting Resources

About Concurrent, Inc.
Concurrent, Inc. is the leader in Big Data application infrastructure, delivering products that help enterprises create, deploy, run and manage data applications at scale. The company's flagship enterprise solution, Driven, was designed to accelerate the development and management of enterprise data applications. Concurrent is the team behind Cascading, the most widely deployed technology for data applications with more than 150,000 user downloads a month. Used by thousands of businesses including eBay, Etsy, The Climate Corp and Twitter, Cascading is the de facto standard in open source application infrastructure technology. Concurrent is headquartered in San Francisco and online at http://concurrentinc.com.

Media Contact
Danielle Salvato-Earl
Kulesa Faul for Concurrent, Inc.
(650) 922-7287
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Cloud Expo Latest Stories
With the explosion of the cloud, more businesses are transitioning to a recurring revenue model to generate reliable sales, grow profits, and open new markets. This opportunity requires businesses to get to market quickly with the pricing and packaging options customers want. In addition, you will want to take advantage of the ensuing tidal wave of data to more effectively upsell, cross-sell and manage your customers. All of this is possible, but only with the right approach. At 15th Cloud Expo, Brendan O'Brien, Co-founder at Aria Systems and the inventor of cloud billing panelists, will lead a panel discussion on what it takes to launch and manage a successful recurring revenue business. The panelists will offer their insights about what each department will need to consider, from financial management to line of business and IT. The panelists will also offer examples from their success in recurring revenue with companies such as Audi, Constant Contact, Experian, Pitney-Bowes, Teleko...
Planning scalable environments isn't terribly difficult, but it does require a change of perspective. In his session at 15th Cloud Expo, Phil Jackson, Development Community Advocate for SoftLayer, will broaden your views to think on an Internet scale by dissecting a video publishing application built with The SoftLayer Platform, Message Queuing, Object Storage, and Drupal. By examining a scalable modular application build that can handle unpredictable traffic, attendees will able to grow your development arsenal and pick up a few strategies to apply to your own projects.
Come learn about what you need to consider when moving your data to the cloud. In her session at 15th Cloud Expo, Skyla Loomis, a Program Director of Cloudant Development at Cloudant, will discuss the security, performance, and operational implications of keeping your data on premise, moving it to the cloud, or taking a hybrid approach. She will use real customer examples to illustrate the tradeoffs, key decision points, and how to be successful with a cloud or hybrid cloud solution.
The cloud provides an easy onramp to building and deploying Big Data solutions. Transitioning from initial deployment to large-scale, highly performant operations may not be as easy. In his session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, will discuss the benefits, weaknesses, and performance characteristics of public and bare metal cloud deployments that can help you make the right decisions.
Over the last few years the healthcare ecosystem has revolved around innovations in Electronic Health Record (HER) based systems. This evolution has helped us achieve much desired interoperability. Now the focus is shifting to other equally important aspects – scalability and performance. While applying cloud computing environments to the EHR systems, a special consideration needs to be given to the cloud enablement of Veterans Health Information Systems and Technology Architecture (VistA), i.e., the largest single medical system in the United States.
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization’s assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In his session at 15th Cloud Expo, Derek Tumulak, Vice President of Product Management at Vormetric, will discuss how to address data security in cloud and Big Data environments so that your organization isn’t next week’s data breach headline.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Is your organization struggling to deal with skyrocketing volumes of digital assets? The amount of data is growing exponentially and organizations are having a hard time managing this growth. In his session at 15th Cloud Expo, Amar Kapadia, Senior Director of Open Cloud Strategy at Seagate, will walk through the essential considerations when developing a cloud storage strategy. In this discussion, you will understand the challenges IT is facing, why companies need to move to cloud, and how the right cloud model can help your business economically overcome the data struggle.
If cloud computing benefits are so clear, why have so few enterprises migrated their mission-critical apps? The answer is often inertia and FUD. No one ever got fired for not moving to the cloud – not yet. In his session at 15th Cloud Expo, Michael Hoch, SVP, Cloud Advisory Service at Virtustream, will discuss the six key steps to justify and execute your MCA cloud migration.
The 16th International Cloud Expo announces that its Call for Papers is now open. 16th International Cloud Expo, to be held June 9–11, 2015, at the Javits Center in New York City brings together Cloud Computing, APM, APIs, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
Most of today’s hardware manufacturers are building servers with at least one SATA Port, but not every systems engineer utilizes them. This is considered a loss in the game of maximizing potential storage space in a fixed unit. The SATADOM Series was created by Innodisk as a high-performance, small form factor boot drive with low power consumption to be plugged into the unused SATA port on your server board as an alternative to hard drive or USB boot-up. Built for 1U systems, this powerful device is smaller than a one dollar coin, and frees up otherwise dead space on your motherboard. To meet the requirements of tomorrow’s cloud hardware, Innodisk invested internal R&D resources to develop our SATA III series of products. The SATA III SATADOM boasts 500/180MBs R/W Speeds respectively, or double R/W Speed of SATA II products.
In today's application economy, enterprise organizations realize that it's their applications that are the heart and soul of their business. If their application users have a bad experience, their revenue and reputation are at stake. In his session at 15th Cloud Expo, Anand Akela, Senior Director of Product Marketing for Application Performance Management at CA Technologies, will discuss how a user-centric Application Performance Management solution can help inspire your users with every application transaction.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, has been named “Bronze Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Cloudian is a Foster City, Calif.-based software company specializing in cloud storage. Cloudian HyperStore® is an S3-compatible cloud object storage platform that enables service providers and enterprises to build reliable, affordable and scalable hybrid cloud storage solutions. Cloudian actively partners with leading cloud computing environments including Amazon Web Services, Citrix Cloud Platform, Apache CloudStack, OpenStack and the vast ecosystem of S3 compatible tools and applications. Cloudian's customers include Vodafone, Nextel, NTT, Nifty, and LunaCloud. The company has additional offices in China and Japan.
SYS-CON Events announced today that TechXtend (formerly Programmer’s Paradise), a leading value-added provider of server and storage virtualization, and r-evolution will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TechXtend (formerly Programmer’s Paradise) is a leading value-added provider of software, systems and solutions for corporations, government organizations, and academic institutions across the United States and Canada. TechXtend is the Exclusive Reseller in the United States for r-evolution