Quartet FS recognised as a “Cool Vendor” by leading analyst firm

Singapore, Paris, London and New York - 20 May 2013

Quartet FS, a leading provider of in-memory analytics technology, today announced that it has been identified as a ‘Cool Vendor’ in the ‘Cool Vendors in In-Memory Computing (IMC) 2013’ report by Gartner, Inc.

Quartet FS provides innovative in-memory technology designed to aggregate data streams on-the-fly. This allows organisations to make informed, timely, context-aware decisions against specific events and scenarios. Its in-memory analytical database, ActivePivot, delivers advanced intelligence to time-sensitive and data-intensive processes. By calculating outcomes to what-if scenarios and simulations, it equips organisations with detailed insights so they can stay informed and quickly respond to fast-moving markets.

According to Gartner: “In-memory computing is a powerful, transformative IT trend, driven by new distributed transaction processing and high-performance analytics and data visualisation needs.IT leaders should view it as a paradigm that will soon reach mainstream adoption, rather than a risky and immature option." i

Georges Bory, co-founder and managing director at Quartet FS, said: “Quartet FS has over seven years of experience in developing and building in-memory analytics technology products. With approximately 40 projects live in critical applications, the future holds a huge amount of potential growth and evolution for IMC.

“We believe being recognised as a ‘Cool Vendor’ by Gartner reaffirms our positive position in the market. Helping customers solve sophisticated, mission critical use cases, while simultaneously handling huge amounts of data, is our unique business strength. We are continuing to grow as a company and are broadening the value of our data aggregation capabilities to new vertical segments.”

Demand for in-depth real-time analyses of complex datasets is growing across industry verticals. These include the financial services sector, where risk managers must tackle Dodd Frank and Basel III regulations; the supply chain, which requires end-to-end visibility across all operations; and e-commerce, where pricing and media optimisation is a key challenge. In all cases, in-memory analytics is taking complex processes out of the silos and applying a greater level of operational intelligence across the business.

According to Gartner:Don't reject IMC as immature and risky. Look at it as a paradigm that will reach mainstream adoption during the next three to five years and will effectively support business initiatives aimed at innovation and competitive differentiation.” ii

Quartet FS was also recognised in 2012 as a sample vendor in Gartner’s Hype Cycles for: In-Memory Computing Technology 2012iii, Business Process Management 2012iv, Context-aware computing 2012v, Supply Chain management 2012vi and Big Data 2012vii. Quartet FS has also been recognised by Gartner’s ‘Who’s Who in In-Memory DBMSs’viii.

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