Aster Data Systems Honored as a TiE50 Winner
San Carlos, Calif. – May 14, 2009 - Aster Data Systems, a proven leader in high-performance database systems for data warehousing and analytics, has been awarded a TiE50 Winner - a leader in innovation, ingenuity, and management excellence. The TiE50 award is presented by TiE at TiECon2009 to the top 50 start-ups from close to 1200 nominees.
TiE is a global organization dedicated to fostering entrepreneurs across its international network sponsored by top venture capital firms and Fortune 500 corporations. TiE is spread across 53 chapters in 12 countries comprising of 1,800 experienced entrepreneurs and business executives as charter members, 12,000 aspiring entrepreneurs and professionals as members.
TiE50 winners are diverse in terms of size, progress, maturity and location. They share a common thread of innovation, ingenuity, strong management teams and overall quality of ideas.
“All of this year’s winners embraced TiE’s message of the bold entrepreneur,” said Mateen Syed, TiE50 Chair. "The judges were impressed by the quality of ideas and execution across each vertical segment. These fifty companies represent the finest in entrepreneurship and serve as role models, encouraging and inspiring emerging start-ups to succeed as Bold Entrepreneurs stimulating the economy.”
The TiE 50 judging process was designed with meticulous planning, screening and judging by a list of over forty prominent entrepreneurs, venture capitalists, corporate executives and other domain experts. TiE is also pleased to acknowledge the nominee companies and those who publicly voted from around the world who contributed to the TiE50 selection process.
In addition to this honor, Aster Data has recently been named as a Top 50 Startup by InformationWeek, a ‘Cool Vendor in Data Management and Integration’ by Gartner, an AlwaysOn OnMedia Top 100 company, a Hot Company by Network Products Guide and a Top 10 Software Company by Silicon India.
About Aster Data Systems
Aster Data Systems is a proven leader in high-performance analytic database systems for data warehousing – the first DBMS to tightly integrate SQL with MapReduce - providing deep insights on data analyzed on clusters of low-cost commodity hardware. The Aster nCluster database cost-effectively powers frontline analytic applications for companies such as Coremetrics, MySpace, aCerno (an Akamai company), and ShareThis. Running on low-cost off-the-shelf hardware, and providing ’hands-free’ administration, Aster enables enterprises to meet their data warehousing needs within their budget. Aster is headquartered in San Carlos, California and is backed by Sequoia Capital, JAFCO Ventures, IVP, Cambrian Ventures, and First Round Capital, as well as industry visionaries including David Cheriton, Rajeev Motwani and Ron Conway. For more information please visit http://www.asterdata.com, or call 650-232-4400.
Aster Data Systems, Aster nCluster and the Aster logo are registered trademarks of Aster Data Systems. All other brands and trademarks referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.
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