Concurrent, Inc. Wraps Up Banner Year with Record Growth, Corporate Momentum and Product Innovation

Concurrent, Inc. Wraps Up Banner Year with Record Growth, Corporate Momentum and Product Innovation

Press Releases

SAN FRANCISCO – Jan. 27, 2015 – Concurrent, Inc., the leader in data application infrastructure, closed 2014 with tremendous growth and momentum, product innovation and community success in the enterprise. The company continues to pave the road for enterprise big data application infrastructure with rapid adoption of its Cascading platform, along with the introduction of its flagship enterprise solution, Driven. Additional milestones from the past year include $10 million in Series B funding, expansion of its leadership team, new strategic partnerships, and strong industry accolades and recognition.

As more and more enterprises solidify and advance their data strategies, with it comes the increased demands and requirements for a more reliable and repeatable way to operationalize their data. As a result, Concurrent has focused on delivering a simplified and consistent way for enterprises to build, run and manage their business-critical data applications.

2014 Corporate and Product Milestones

  • Secured $10 million in Series B funding, led by new investor Bain Capital Ventures with the participation of existing investors Rembrandt Ventures and True Ventures.
  • Expanded leadership team with the appointments of Supreet Oberoi as vice president of field engineering and Salil Deshpande to the board of directors.
  • Launched and announced the general availability of Driven – the industry’s first application performance management product for the data-centric enterprise, built to provide business and operational visibility and control to organizations who need to deliver operational excellence.
  • Launched Driven 1.1, adding support for Apache Hive and MapReduce, for deeper visualization into enterprise data pipelines, as well as data application segmentation and SLA management.
  • Launched Cascading 3.0, the most widely used and deployed platform for building and deploying robust, enterprise-grade big data applications on Hadoop. Cascading delivers a stable enterprise-grade API that enterprises can rely on, providing the flexibility to choose a compute engine to meet the needs of the use case, i.e. MapReduce, Tez, Spark, Storm or Samza.
  • Increased Cascading user downloads from 130,000 to more than 275,000 per month.
  • Added new strategic partnerships with technology leaders including Hortonworks, Rackspace, , Orzota, EPAM and Databricks.
  • Received accolades such as SD Times 100, InfoWorld Bossies, DataWeek Awards, and CRN Emerging Vendors and Big Data 100 lists.

Supporting Quote
“As enterprises continue to realize they are in the business of data, 2014 proved to be an exceptional year for Concurrent. Delivering simple and reliable products at our core, we continued to meet customer demand for enterprise needs for next-generation data processing by delivering valuable products that enterprise can rely on for years to come. As we look to the year ahead, we expect to see significant growth and look forward to seeing more enterprises achieving great success with Cascading and Driven.“ – Gary Nakamura, CEO, Concurrent, Inc.

Supporting Resources

About Concurrent, Inc.
Concurrent, Inc. is the leader in 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 275,000 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
concurrent@kulesafaul.com

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