Archive for category: News

According to Reuters on August 22, 2013, the technology failure that halted trading on the NASDAQ for more than three hours this past Thursday brought the nation’s second largest exchange to its knees. The technical glitch further showcases how fragile the U.S. trading platforms are. It was the latest in a series of failures to disrupt increasingly complicated markets that rely on and are driven by spiraling data loads. The potential for a financial calamity is prompting the Securities and Exchange Commission to push for rules requiring executives to improve the reliability of their technology.

“These outages are absolutely going to continue,” said Neil MacDonald, a fellow at technology research firm Gartner. “There has been an explosion in data across all types of enterprises. The complexity of the systems created to support big data is beyond the understanding of a single person and they also fail in ways that are beyond the comprehension of a single person.”(The Guardian on August 23, 2013)

“As data management becomes increasingly complex, and in the wake of multiple outages, it is an absolute necessity for organizations to deploy mature, proven technologies that have stood the test of time. Human oversight alone cannot keep up with the explosion of data demands. Altibase can handle over 1.4 million transactions per second and no human can intercede at that speed. With the introduction of a litany of unproven and immature products, the real fear is that so many organizations are adopting nascent technologies.” –Chris Chung, CEO of Altibase Inc.

The NASDAQ outage came on the heels of a series of meltdowns at Amazon, Apple, Google and the New York Times. Amazon’s estimated 45 minute crash led to upwards of $5 million in losses according to VentureBeat on August 19, 2013. Google’s five minute outage earlier this month led the search giant to hundreds of thousands of dollars in ad revenue losses and up to 40% of decreased internet traffic during the episode according to CIO Today on August 19, 2013.

“Robust data management, high availability and fail-safe, non-stop operation are the pillars of today’s ecommerce, financial exchanges and industry’s core infrastructure. Altibase simply does not take short-cuts to achieve strict durability, extreme speed and zero-downtime. With over 15 years of pure dedication to In-Memory computing optimization, Altibase has proven itself as the most battle-tested, scalable, mission-critical solution in In-Memory database applications time and time again.” –Chris Chung, CEO of Altibase Inc.

A recent study by Forrester Research found that downtime costs of a leading security company exceeded 8 million dollars per hour. Further, 49 percent of the Fortune 500 experience at least 1.6 hours of downtime per week, which equates to 80 hours annually according to a Dunn & Bradstreet. National Archives & Records Administration in Washington cites that 93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. Further, 50% of businesses that found themselves without data management for this same time period filed for bankruptcy almost immediately.

These outages underscore how tenuous the U.S. stock markets, retailers and core business architectures truly are. With almost $20 trillion dollars traded on over 50 stock exchanges and related electronic platforms, the domino effect of a faulty automated trade execution system can roil the global markets suddenly and without warning.

The impending damage to today’s business is not quantifiable if core systems fail. Altibase is wholly focused on coupling its unmatched expertise in In-Memory databases with the demands of seamless scalability for the geometric growth in data. Altibase has handled the load of quadrillions of transactions in finance, military and manufacturing since 1999, without issue and fortified by a zero failure rate.

For 18 years, with its beginnings as a government sponsored In-Memory computing research initiative, Altibase has been and remains entrenched in rigorous R&D. Known for mission-critical solutions when money and lives are at stake, Altibase delivers peace of mind. With over 500 enterprise clients, and thousands of deployments, Altibase has stood the test of time and comprehensively understands speed, scalability and reliability.

“There are no short-cuts to stability, data integrity and uninterrupted service. Altibase understands how to deliver on these requirements, without fail, through years of experience reinforced by thousands of successful deployments in mission-critical environments.” –Chris Chung, CEO of Altibase Inc.

ALTIBASE HDB™ with its Hybrid architecture combines the extreme speed of an In-Memory database with the storage capacity of on-disk data management in a single unified engine. Altibase is not only vertically scalable but has virtually no limitations to horizontal scalability with absolute ACID compliance. Its solutions have optimized performance, profitability and reliability in areas such as online trading, pairs trading, Algorithmic Trading, authentication, single sign-on, options trading, FX margin trading and FOREX exchanges including but not limited to E*TRADE, Samsung, HP and ministries of defense.

It is widely known that shaving even a millisecond can be worth millions. Altibase defines itself in microseconds. ALTIBASE HDB™ provides ways to drastically increase speed, reduce spend, increase revenue while ensuring complete data integrity, zero-latency and zero-downtime.

Since 1999, Altibase has established the reputation of being the most battle-tested In-Memory Database solution with an install base of 500+ enterprise clients and thousands of deployments.

The demand for mature, reliable and proven In-Memory Database solutions is witnessing exponential growth. However, with the rapid introduction of technologies such as NoSQL, cached solutions, and other variations, divisive confusion on the efficacy of each is equally pervasive.

“Altibase is thrilled to provide its software to students everywhere so that they are armed with the knowledge to navigate the complexities of cutting-edge database technologies for years to come.” – Chris Chung, CEO of Altibase Inc.

According to “Gartner’s Technology Trends for Information Infrastructure: Big Data, NoSQL and In-Memory Computing”, Gartner states “In-Memory Computing enables the organizations to develop applications that run advanced queries on large data sets or perform complex transactions faster compared to the techniques using conventional architectures. This emerging paradigm opens the unexplored opportunities for business innovation (e.g., real-time analysis of big data in motion) and cost reduction.”

“As Gartner has identified In-Memory Computing as a top ten technology trend for 2013 while including Altibase in its ‘Who’s Who in In-Memory DBMSs,’ Altibase recognizes the importance for universities and colleges to add these components to their core Computer Science and Technology curriculum.” – Chris Chung, CEO of Altibase Inc.

With the mounting demand of In-Memory Database solutions in today’s market, Altibase Inc. is offering a generous sponsorship to all universities and colleges so that the nation’s future engineers will be prepared to decipher the myths and misconceptions that surround the database market.

This program will raise awareness and enhance skillsets for students everywhere to understand enterprise In-Memory Database software. This will allow them to demonstrate competency involved with modeling, designing, and implementing enterprise-level database management systems such as ALTIBASE HDB™ when they are in the real-world.

ALTIBASE HDB™ offers a rich reference of installations, complete sets of features, standard SQL compliance, ACID compliance, High Availability, Replication, outstanding Horizontal and Vertical scalability coupled with robust quality assurance processes and comprehensive support.

“We are happy to introduce young people to the exciting possibilities of project-based learning and encourage more students to pursue careers in engineering and technology” – Chris Chung, CEO of Altibase Inc.

Altibase Inc. believes in educating the next generation of engineers with the most innovative technology and support possible.

Samsung Selects ALTIBASE HDB™ for Samsung Apps Store’s User Authentication System on Amazon AWS EC2 Cloud

Samsung Electronics, for its Smartphone Galaxy Series, Smart TV, Note Series, Tablets and Smart Cameras chooses key Altibase Inc. product, ALTIBASE HDB™, with its Hybrid architecture to provide In-Memory + On-Disk database cloud authentication for its 100+ million users.

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Samsung Selects ALTIBASE HDB™ for Samsung Apps store’s User Authentication system on Amazon AWS EC2 Cloud

Altibase has helped our company expand its app base and user satisfaction in a very short time period while eliminating much of our previous headaches. We are very pleased with the results. – Senior Engineer of Samsung Electronics

Greater New York City (PRWEB) July 15, 2013

Samsung Apps (i.e. iTunes, Google Play Store) ran on Oracle Coherence prior to its adoption of ALTIBASE HDB™. Samsung required stable, uninterrupted service for the growing popularity of its Galaxy smartphone series as well as its other marquis products. Oracle Coherence did not provide continuous stability and this undermined Samsung’s service. The Oracle Coherence based backend failed, causing Samsung’s global authentication service to stop for several hours.

Further, Samsung could not recover critical data after the Oracle Coherence crash because of irretrievable data loss.

Samsung chose ALTIBASE HDB™ on the Amazon EC2 AWS Cloud platform to provide a high performance, reliable and robust global authentication service for its fast-growing number of App users. In addition to Samsung’s high performance (Hot Data) needs, it needed a solution for storing large historical data (Cold Data).

Samsung Apps needed to run without interruption and with real-time speed while possessing the capacity for an abundance of storage and the ability to easily scale-out.

ALTIBASE HDB™ provided Samsung with the features of High Availability, ACID compliance, replication and active-active configuration to meet all of those needs. In addition, since ALTIBASE HDB™ comes with In-Memory and On-Disk hybrid architecture out-of-the-box and in a single unified engine, there is virtually no limit to handle multi-temperature data.

“Since ALTIBASE HDB™ has In-Memory Database and On-Disk Database in a single unified engine with a single interface, bidirectional movement of frequently used data and historical data is painless. Total cost of ownership (TCO) is significantly lower and is coupled with maximized flexibility. Use what you need, when you need it, in real-time.” – Chris Chung, CEO of Altibase, Inc.

“Altibase has helped our company expand its app base and user satisfaction in a very short time period while eliminating much of our previous headaches. We are very pleased with the results.” – Senior Engineer of Samsung Electronics.

Altibase has received numerous awards and recognitions from both government and IT leaders for excellence in database management software solutions, pioneering R&D and leadership in In-Memory computing.

“I am especially pleased to have had the privilege to enhance Samsung Apps with ALTIBASE HDB™, a solution that they can count on non-stop and without issue.” – Chris Chung, CEO of Altibase, Inc.

Growing demands of strategic data management is crucial to revenue growth, reduction in spend and sustained profitably. Success is defined by optimizing data management. ALTIBASE HDB™ In-Memory Database solutions are the single point solution for over 500 enterprise clients and thousands of deployments.

Big Data is here and Altibase Inc. is poised, ready and fully prepared to tackle the associated demands.

Whether contract-based or prepaid, the cumulative effect of revenue leakage associated
with batch (time-interval) updates and “per minute” billing is costing the mobile
industry billions of dollars. Altibase Inc. arms mobile carriers with the ability to
bill by the second, identify balances in real-time, and communicate that information
with zero latency. The ability to handle mobile customers ‘individually’ and by the
second is revolutionizing the way telecoms bill. ” – CEO, Altibase Inc.Altibase Inc. Announces Unprecedented Capability of “Per Second” Billing for WirelessMobile Carriers

Altibase Inc. is pleased to announce its selection as the total solution for user
authentication for a top two smart phone manufacturer in the world (Company wishes to
remain anonymous). With its 100+ Million app subscribers, authentication is critical to
success. “We are very proud to be the backbone of such a vital component of app users
worldwide.” CEO, Altibase, Inc. Altibase Inc. Announces its Designation as the In-Memory Database Cloud Solution forthe Leader in Smart Phone App Authentication

Big Data is here to stay and the management of that data is a challenge, or is it? With its ability to process over 1.4 million transactions per second, Altibase Inc. does not think so. It is well known that a single millisecond can be worth millions. ALTIBASE HDB ™ defines itself in microseconds. Information strategy and data management solutions power business success. ALTIBASE HDB ™ delivers high performance in-memory computing solutions to extinguish latency bottlenecks for virtually all industries.

ALTIBASE HDB ™ with its hybrid architecture delivers the best of in-memory performance and on-disk size in a single unified engine. Speed alone is not enough. ALTIBASE HDB ™ with its built-in Replication and High Availability is also a world-wide leader in stability and reliability. “Of course we anticipated the highest performance from ALTIBASE HDB™. In regard to stability, ALTIBASE HDB™ has proven itself to go beyond our expectation.” Senior Developer, Samsung Securities

ALTIBASE HDB™ has solved a litany of problems in Telecommunications, Financial Services, Manufacturing and Government. “We are thrilled to announce passing one quadrillion transactions processed. Beyond that, we realize that this is only the beginning. Altibase Inc. is strongly positioned to solve the scaling needs of business and looks forward to dwarfing that number soon.” CEO, Altibase Inc.

In telecom, ALTIBASE HDB ™ has solved issues with Real Time Rating Systems (RTRS), Account Balance Management systems (ABM) and Online Charging Systems (OCS) for China Telecom, China Unicom, China Mobile, SK Telecom and Ericsson, among many others. ALTIBASE HDB ™ allows telecom billing to be based per second on an individual subscriber basis. Billing, connect and disconnect services are now handled in real-time. ALTIBASE HDB ™ eliminates costly collection efforts, mishandled accounts and capital loss from batch latency.

ALTIBASE HDB’s ™ comprehensive database management solution has also tackled multiple problem areas for top financial services. ALTIBASE HDB’s ™ strengths in online trading, algorithmic trading, authentication, single sign-on, FX margin and options trading are trusted by the leaders in banking. E*TRADE, Solomon, Samsung Securities and several of the top Japanese investment banks, rely on ALTIBASE HDB ™ to give them their competitive advantage.

When lives are at stake, ALTIBASE HDB ™ is the choice for Ministries of Defense. Real-time munitions communication and location based services rely on ALTIBASE HDB’s ™ High Availability, speed and zero-tolerance for down time.

ALTIBASE HDB™ is also the backbone for quality control systems, yield management and central command for the manufacturing sector. Scrap and associated capital loss is now a thing of the past.

Big Data is here and Altibase Inc. is poised, ready and fully prepared to tackle the associated demands.