Cupertino, Calif., September 22, 2009 -- ParAccel, Inc., provider of the record-breaking ParAccel Analytic Database, a high-speed, low-effort, massively parallel (MPP) columnar database management system (DBMS) for data warehousing and analytics, today announced its “Cash for Clunkers” program to free companies from proprietary hardware and inadequate analytic performance. The “Cash for Clunkers” program offers Netezza NPS customers a timely and financially attractive opportunity to switch to the superior price-performance of the ParAccel Analytic Database™ (PADB) rather than migrating to Netezza’s new version of proprietary hardware known as TwinFin™. Under the terms of the program, Netezza NPS customers who switch to the ParAccel Analytic Database and sign up for a three-year software subscription will get their first year free and their second and third years at $15,000 per terabyte.

“Companies that accept our offer will achieve significant performance improvements while freeing their data warehousing infrastructures from the high cost and inflexibility of proprietary hardware. Innovation in standard hardware rapidly outpaces that of proprietary systems, as we’ve seen time and time again,” said Kim Stanick, VP Marketing, ParAccel. “Companies now have the option to achieve far superior economics by utilizing the ParAccel Analytic Database on standard hardware. Our ‘Cash for Clunkers’ program is aimed at making this transition as simple and cost effective as possible.”

PADB is the proven performance leader with an advanced MPP, columnar architecture that consistently outperforms other analytic databases and deploys on any brand of industry standard server, including Dell, HP, IBM and Sun. ParAccel enables customers to tackle challenging business questions and explore new business opportunities and applications within time frames and budgets that were previously impossible.

ParAccel uniquely offers industry leading performance with enterprise-class capability in the Scalable Analytic Appliance, the industry's first SAN-attached data warehouse appliance. The patent-pending Blended Scan feature balances I/O and storage across compute nodes and the SAN while leveraging the customer’s enterprise data management infrastructure for high availability, disaster recovery and backups. These capabilities are unavailable with other analytic databases and appliances.

To sign up for ParAccel’s “Cash for Clunkers” Netezza migration program, visit http://www.paraccel.com/cash_for_clunkers.php

About ParAccel

ParAccel, Inc. is the proven leader in scalable analytic performance and price-performance. The ParAccel Analytic Database™ is a new generation, MPP-Columnar DBMS that is delivering breakthrough analytic performance and price-performance in customer environments. Available as software or a virtual or packaged data warehouse appliance, it can be implemented on standard hardware from all major vendors. Leading companies like BrightCloud use ParAccel to extend their analytic performance advantage. ParAccel’s management team includes technical founders and industry veterans from noted data management companies Netezza, Oracle, Teradata, Gupta, SenSage, PointBase, and IBM. ParAccel is based in California with offices in Cupertino and San Diego. For more information please contact us at info@paraccel.com or 866-903-0335, or visit us at http://www.paraccel.com.