Concurrent and Alluxio Team to Provide Scalable Data Analytics at Memory Speed
July 06 2017 - 3:44PM
Partnership Expands Concurrent Market Opportunity
into Storage for Analytics
ATLANTA, July 06, 2017 (GLOBE NEWSWIRE)
-- Concurrent (NASDAQ:CCUR), a global leader in storage,
protection, transformation and delivery of visual assets,
and Alluxio, developers of the world's first system that
unifies data at memory speed, today announced a joint solution that
provides real-time data analytics and machine learning to help
service providers analyze viewers' preferences and video
consumption patterns.
The joint solution brings together Concurrent's
Aquari(TM) Storage platform with Alluxio Enterprise Edition (AEE)
to provide a faster and more scalable alternative for Hadoop users
than the Hadoop Distributed File System (HDFS). This combination
allows service providers to quickly extract and analyze vast
amounts of data that were previously discarded as useless, helping
to identify actionable insights and discover new revenue and
customer retention opportunities.
"It is imperative that media service providers
have the tools and resources they need to deliver content and take
advantage of market opportunities immediately and without
limitation," said Haoyuan Li, CEO at Alluxio. "By combining
Alluxio's virtual distributed storage system with Concurrent Aquari
scale-out storage, service providers will be able to deliver
instantaneous information essential for targeted advertising and
optimized content libraries, thereby growing revenue while keeping
operational expenses under control."
Alluxio provides a unified view of enterprise data
that spans disparate storage systems, locations and clouds,
allowing any big data computational framework to access stored data
at memory speed. Alluxio runs critical workloads for numerous
Global 2000 companies that include Baidu, Barclay's Bank, CERN,
ESRI, Huawei, Intel, and Juniper, among others.
Concurrent Aquari Storage is a modern, intelligent
storage system that features simultaneous support for multiple
file- or object-based workloads. Built on a true scale-out
architecture, Aquari Storage seamlessly and independently scales
throughput and capacity. This translates into increased flexibility
and scalability to better manage growing visual asset libraries and
the applications that process them.
"Concurrent has been providing tier-one service
providers around the globe with high-availability storage solutions
for decades," said Scott Ryan, Senior Vice President, Products at
Concurrent. "By partnering with Alluxio, we are able to further
enhance the availability and personalization of the services that
our customers offer their end-users. This joint solution provides
critical insight into how and when media is consumed and ensures
that service providers can take advantage of real-time analysis at
memory speed."
About Alluxio
Alluxio is the world's first system that unifies data
at memory speed. By allowing applications to access data stored in
disparate storage systems at memory speed, Alluxio enables
enterprises to manage data efficiently, accelerate business
analytics, and ease the adoption of hybrid cloud. Venture-backed by
Andreessen Horowitz, Alluxio, Inc. was founded by the creators of
the Alluxio open source project. For more information,
contact info@alluxio.com or follow Alluxio
on LinkedIn, Twitter or Facebook.
About Concurrent
Concurrent (NASDAQ:CCUR) is a global software and solutions company
that develops advanced applications focused on storing, protecting,
transforming, and delivering high value media assets. We serve
industries and customers that demand uncompromising performance,
reliability and flexibility to gain a competitive edge, drive
meaningful growth and confidently deliver best-in-class solutions
that enrich the lives of millions of people around the world every
day. Offices are located in North America, Europe and Asia.
Visit www.concurrent.com for further information and
follow us on Twitter: www.twitter.com/Concurrent_CCUR.
Certain statements made or
incorporated by reference in this release may constitute
"forward-looking statements" within the meaning of federal
securities laws. Statements regarding future events and
developments and a company's future performance, including, but not
limited to, management's expectations, beliefs, plans, estimates,
or projections relating to the future, are forward-looking
statements within the meaning of these laws. All forward-looking
statements are subject to certain risks and uncertainties that
could cause actual events to differ materially from those
projected.
Important risk factors include,
but are not limited to, Concurrent's ability to reinvest the net
proceeds from the sale of its Real-Time segment in a manner that
Concurrent believes will generate an adequate return to its
remaining business and the risk factors discussed in Concurrent's
Form 10-K filed August 30, 2016 with the Securities and Exchange
Commission ("SEC"), and in subsequent filings of periodic reports
with the SEC. The risk factors discussed in the Form 10-K and
subsequently filed periodic reports under the heading "Risk
Factors" are specifically incorporated by reference in this press
release. Forward-looking statements are based on current
expectations and speak only as of the date of such statements.
Concurrent undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of future
events, new information, or otherwise.
All Concurrent product names and
its logo are trademarks or registered trademarks of Concurrent
while all other product names are trademarks or registered
trademarks of their respective owners.
For more information, contact:
Media Relations:
Heather Graham
404-214-0722 X 103
media@concurrent.com
Investor Relations:
Doug Sherk
(415) 652-9100
dsherk@evcgroup.com
Todd Kehrli
(310) 625-4462
tkehrli@evcgroup.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Concurrent Computer Corporation via
Globenewswire
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