Redis Labs Announces 10th Consecutive Quarter of Double Digit Growth

Redis Labs Announces 10th Consecutive Quarter of Double Digit Growth

Redis Labs Continues to Establish Itself as the Database of Choice for the Fortune 1000

MOUNTAIN VIEW, Calif., March 8, 2018 /PRNewswire/ -- Redis Labs, the home of Redis and provider of Redis Enterprise, today announced its 10(th) consecutive quarter of double digit growth. The company's software ARR increased by over 100 percent this past fiscal year ended on January 31, 2018. Redis Labs continues to gain traction with enterprise customers--adding ADP, AllState, Cathay Insurance, ClubMed, CME Group, Cox Communications, Eurobet, GE Transportation, Experian Health, HRA, Israeli Post, MasterCard, Schneider Electric, Credit Agricole and WestPac Banking Corporation.

The increased revenue is the result of widespread customer adoption. The company's enterprise customer count has grown to more than 8,200, driven by an acceleration of product innovation and expansion of Redis Labs' sales and marketing reach since its latest round of funding in April of 2017. In a recent survey, Redis Enterprise customers reported using the product to power a broad range of solutions in a variety of use cases. This growth is primarily driven by the advantages of high performance, true high availability and seamless scaling. More and more, customers demand database platforms that offer the versatility and resource efficiency necessary to power the next generation of applications--functionality that legacy databaseslack.

"We are seeing enterprises gear up for a cloud-native world, with increased focus on high performance databases for their business-critical applications," said Ofer Bengal, CEO and co-founder of Redis Labs. "With matchless innovations in the Redis Enterprise platform, such as Active-Active geographic distribution powered by CRDTs, we have built the trust of some of the world's largest brands."

Technology Luminaries Added to Redis Labs Boards:

    --  Industry veteran Scott McNealy joined the company's advisory board.
        McNealy, a Silicon Valley legend, served as co-founder and CEO of Sun
        Microsystems for more than 20 years--one of the longest tenures in
        industry history. McNealy will influence Redis Labs' strategy and help
        the company with its continued advancement of enterprise technology and
        customer adoption.
    --  Redis Labs announced the addition of Carlos Baquero, PhD, one of the
        creators of Conflict-Free Replicated Data Types (CRDTs), to the
        company's technical advisory board. Dr. Baquero is an assistant
        professor at Universidade do Minho in Portugal and senior researcher at
        the High Assurance Software Laboratory at INESC TEC. Baquero brings a
        portfolio of distributed computing research expertise, and will
        contribute to Redis Labs' strategy in accelerating database innovation
        to serve its customers better.

Strengthened Executive Team:

    --  Industry veteran Alvin Richards joined the executive team as Chief
        Education Officer to lead a worldwide Redis Labs education initiative.
        Most recently, Richards was the field chief technology officer at
        MariaDB; he was also vice president of product at Aerospike and
        engineering lead at MongoDB. He has worked with SaaS startups,
        enterprise storage (NetApp) and byte-code virtualization and containers
        (Docker).
    --  Rob Schauble, senior executive with a track record of creating
        innovative products and services and developing new businesses, joined
        the Redis Labs leadership team to lead the IoT initiative. Most
        recently, he commercialized Apache Trafodion, an open source, web-scale,
        transactional database on Hadoop at Esgyn. Prior to starting Esgyn, Rob
        was vice president of research and development at Hewlett-Packard, where
        he led the development of HP's Big Data MPP clustered database products,
        including a state-of-the art enterprise data warehouse database
        solution.

Industry Accolades:

    --  The Forrester Wave(TM): Translytical Data Platforms Q4 2017 named Redis
        Labs as a leader, citing the company's "support of both relaxed and
        strong consistency depending on the application requirement with a
        flexible and schemaless model that's built on a shared-nothing symmetric
        architecture." The independent research also states, "customers like its
        business value, support for broad use cases, performance and customer
        support."
    --  In December 2017, Redis Labs placed 50(th) in Deloitte's Technology Fast
        500(TM), a ranking of the 500 fastest growing technology, media,
        telecommunications, life sciences and energy tech companies in North
        America.
    --  Redis Labs was ranked 24th out of 500 companies for the Deloitte
        Technology Fast 500(TM) EMEA, and the company was named the fifth
        fastest-growing technology company on the Technology Fast 50 Israel(TM)
        list.
    --  Stackshare named Redis a Top 50 Developer Tool of 2017 and number seven
        in the Application & Data Tool of the Year category. Notably, Redis was
        the first-ever database solution to appear in Stackshare's top 10 list
        since its inception.
    --  G2 crowd listed Redis Labs among its top 10 B2B tech providers of 2018
        in the Silicon Valley, citing the solution's availability and stability
        as its highest-rated features.
    --  Redis Labs has also climbed two spots to number eight in the DB-Engines
        Rankings.

Product Innovations:

    --  The company released the latest version of Redis Enterprise 5.0, which
        delivers record-breaking, linearly-scaling, high-performance data
        processing features ideal for cloud and container-native delivery models
        with higher availability, scaling and unmatched cost efficiency over
        open source Redis.
    --  Active-Active geographic distribution, powered by cutting-edge CRDT
        technology, allows users to deploy Redis Enterprise databases globally,
        yet provide local latencies for writes and reads, simplify conflict
        resolution and enable strong eventual consistency for distributed
        datasets.
    --  Introduced the OSS Cluster API in Redis Enterprise enabling linear
        scaling, setting a new industry benchmark by delivering more than 30
        million ops/second with under one millisecond latency using as few as 18
        EC2 nodes. This helps organizations better accommodate for growth
        without sacrificing elasticity or performance in favor of costs or
        limitations often imposed by databases.
    --  The company announced the availability of a free Redis Enterprise
        service availability inside customer VPCs for 14 days to explore the
        power of Redis Enterprise at no cost.
    --  The recently announced Redisearch delivers true real-time search
        capabilities, providing full text search, secondary indexing and a
        suggestion/autocomplete engine.

"Ensuring continuous availability and superior performance for our users is paramount for our business," said Pablo Bustos, software engineer at Groupon. "With the new Active-Active capability in Redis Enterprise 5.0, we have the same Redis Enterprise speed and latency on reads and writes across our geographically distributed databases, delivering a seamless experience for our users."

To see and hear the latest in the thriving Redis community, join RedisConf18 in San Francisco from Apr 24-26 for with over 75 keynotes and sessions.

About Redis Labs
Redis Labs, home of open source Redis, the world's fastest in-memory database platform, provides Redis Enterprise (Redis(e)), as a cloud service and as downloadable software, to over 8,000 enterprise customers. The high performance, true high availability and seamless scaling of Redis(e), are top-ranked by industry analysts, and power use cases such as high speed transactions, queuing, user session stores, and caching, in e-commerce, social, personalization, IoT, metering, fraud detection and other real-time applications. Redis, voted the most loved database, rated the #1 cloud database, #1 database on Docker, #1 NoSQL datastore, and fastest growing NoSQL database reduces application complexity, simplifies development, accelerates time to market and provides unprecedented flexibility to developers.

Media contacts
Sharon Thompson
Redis Labs
sharon.thompson@redislabs.com
(650) 483-7506

Travis Anderson
10Fold Communications
tanderson@10fold.com
(925) 271-8227

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SOURCE Redis Labs