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In Two-Phased Rollout, Firm Reaps the Performance Benefits of Flash Storage Across Its Operations
SANTA CLARA, CA --(Marketwired - January 12, 2016) - Violin Memory®, Inc., (NYSE: VMEM) a global pioneer of award-winning all-flash storage platform solutions for primary storage and active workloads, today announced that a major global financial services company has deployed Violin's Flash Storage Platform™ (FSP) 7300 arrays for the second phase of a data center buildout to increase responsiveness to equity traders. In the first phase, the firm replaced its legacy disk-based arrays with the Violin 6000 All Flash Arrays to provide high throughput for all critical Tier 0 workloads including Oracle databases used to make real-time equity trading recommendations.
In this second phase of the buildout, the firm has extended its investment in Violin's flash storage technology offerings, utilizing the Flash Storage Platform, to broaden the performance benefits of flash for Tier 1 primary storage workloads that historically ran on disk.
A key financial driver that created the customer's phase-two investment to accelerate the deployment economically, was Violin's "Pay-as-You-Grow" model, which allows customers to align storage investment with capacity as it is consumed. Using this model, the customer deployed the FSP 7300 array fully populated with the maximum storage capacity -- while allowing them to pay only for the capacity they needed at the time of acquisition. The program provides two primary benefits: 1) customers can upgrade effective capacity nearly instantaneously and at any time through a simple process in which Violin activates additional VIMM memory modules already on the array; 2) activating new capacity is non-disruptive, requiring no changes, no downtime and no interruption of daily operations.
"We're delighted to be selected again as the storage partner of this marquee global firm as they migrate to an all-silicon data center," said Kevin DeNuccio, CEO of Violin Memory. "Financial services create a myriad of applications in which every enterprise resource must respond with no perceptible delay. In this case, the firm's traders are 'consuming' multiple real time feeds of market data and analyzing those feeds to make smart, instant trading decisions. With the critical need for their analytics to be bulletproof, they have deployed the most reliable and fastest storage underlying their trading and investment decisions, and utilizing Violin's flash storage foundation equates to money in a financial trade."
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About Violin Memory
Business in a Flash. Violin Memory, the industry pioneer in All Flash Arrays, is the agile innovator, transforming the speed of business with enterprise-grade data services software on its leadership Flash Storage Platforms™. Violin Concerto™ OS 7 delivers complete data protection and data reduction services and consistent high performance in a storage operating system fully integrated with Violin's patented Flash Fabric Architecture™ for cloud, enterprise and virtualized business and mission-critical storage applications. Violin Flash Storage Platforms are designed for primary storage applications at costs below traditional hard disk arrays and accelerate breakthrough CAPEX and OPEX savings while helping customers build the next generation data center. Violin Flash Storage Platforms and All Flash Arrays enhance business agility while revolutionizing data center economics. Founded in 2005, Violin Memory is headquartered in Santa Clara, California.
Violin Memory Forward-looking Statement
This public announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential benefits that customers and others may realize as the result of using Violin Memory's products and services, the performance and capabilities of Violin Memory's products and services, and Violin Memory's business plans and strategy. There are a significant number of risks and uncertainties that could affect Violin Memory's business performance and financial results, including those set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Violin Memory's Quarterly Report on Form 10-Q for the third quarter of fiscal year 2016, which was filed with the U.S. Securities and Exchange Commission, and which is available on the Violin Memory's investor relations website at investor.violin-memory.com and on the SEC's website at www.sec.gov. All forward-looking statements in this public announcement are based on information available to Violin Memory as of the date hereof, and Violin Memory does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.