SC11, Seattle, WA - November 14, 2011— Kove and ParAccel today announced a new, joint solution available on Dell’s PowerEdge servers and Kove XPD2 Storage that enables near instantaneous analytic database duplication. The solution combines the leading analytic platform and the leading high-performance DRAM storage, with Dell’s enterprise- class server. The Kove-ParAccel database duplication solution enables the rapid delivery of an analytic sandbox clone that can be used by business analysts, or a quick provisioning clone for development and test in traditional on-premise environments.

“The collaboration between ParAccel and Kove using Dell servers will enable innovative use cases for our powerful analytics platform, including the ability to Clone data to aid test and development of new analytics while increasing the quality of the data mart to the business or by deploying a parallel environment that can model an additional scenario.” said Chuck Berger, CEO for ParAccel.

In the cloning tests described above the XPD2 storage was mesh-connected to Dell PowerEdge servers running the ParAccel Database at R Systems hosting facility. Holding world records for latency, IOPS, and bandwidth, Kove’s XPD2 is the world’s fastest storage based on achieving the 14 fastest STAC-M3 Benchmarks ever. Kove Direct Storage Access KDSAä technology outperforms all other storage media, including Flash memory and spinning disks, maintains consistent speed at any capacity level, up to 100%, and does not degrade over time.

“This collaboration in deploying the Kove Xpress Memory Disk is a continuation of our leadership in high performance storage, providing real world solutions for those who need the absolute fastest storage available,” states Kove CEO, John Overton. “The XPD2 connects directly to storage fabrics via standard Fibre Channel and InfiniBand interconnects, while reducing end-to-end application latency beyond any other available storage.”

"With rapid data growth and requirements for even faster analysis, customers are challenged to find more efficient ways to solve this problem," said Bob Barris, vice president of Global Sales, Banking and Securities at Dell. “Dell continues to look for new ways to help enterprise database customers improve IT efficiency and today’s demonstration reinforces that there are affordable solutions to rapidly analyze data."

ParAccel running on Kove premium high performance storage benefits a number of real world use cases, especially in Financial Service in the areas of Risk, Fraud, and Trading. 

• In Risk Management, stress testing does far more than simply keeping regulators at bay: it helps executives make better strategic decisions, and determines if their future plans will drive optimal profits with acceptable exposure to multiple sources of risk.  The combined solution enables a centralized platform for holistic risk analysis – across all categories of risk such Counter-Party Credit Risk, Market Risk, etc. The ability for virtually unlimited scaling of datasets and analytic complexity provides a unified platform for risk assessment across the entire organization. 
• In Trading, the combined solution enables firms and traders to perform unconstrained back-testing at unprecedented speeds along any dimension across the entire dataset – ranging from TBs to PBs of trading data. The combined solution also delivers extreme performance for HFT (high frequency trading) platforms using industry-standard building blocks. 
• In Fraud Detection, ParAccel enables firms to parallel load massive amounts of data concurrent with queries to ensure that Fraud Analysts have access to the most current data, mitigating significant financial losses by putting the lid on crime at the point of sale.

See Kove at SC2011 High Performance Computing Conference being held on November 14 to November 17 in Seattle, WA. Kove will be in the Intel Channel Pavilion # 2425 on Wednesday, November 16 and Thursday, November 17.

About Kove
Formed in 2004, Kove is a pioneering leader in high performance storage. Kove provides patented, core technology components to solve the most challenging storage and data management needs. Kove helps eliminate storage bottlenecks across a wide variety of applications in both the Financial and High Performance Computing markets. Kove XPD2 provides faster access to information and this means faster time to analysis and faster time to profitability. Visit http://kove.com.

About ParAccel
To gain a competitive advantage in a fast paced, data-driven world companies need immediate answers to any business question they decide to ask. As the leading analytic platform provider, ParAccel accelerates analytics and opens the door for companies to accelerate, innovate, and compete. ParAccel Analytic Platform is an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics, anytime, anywhere. ParAccel’s Fortune 1000 customers, in Digital Media, Retail, Financial Services, Healthcare, and Government, are testing the bounds of unconstrained analytics with the most prolific, most powerful, most expansive analytic platform in the world. For more information please contact us at info@paraccel.com or 866-903-0335

About R Systems
Founded in 2005, R Systems provides technical expertise and optimized HPC cluster resources to the commercial and academic research communities. Visit www.rsystemsinc.com.