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Originally published 26 May 2010
Vertica recently announced the newest version of the Vertica Analytic Database is now commercially available worldwide. Vertica 4.0 is already delivering real business benefits to some of the world's biggest financial services, communications, Internet, healthcare and retail companies.
"The volume of information we analyze requires a carrier-class database solution," said Mark Muehl, Comcast's senior VP of product engineering. "Vertica has been an easy and economical way to deploy and scale multiple large database applications. Using 4.0's enhanced analytic functions, we've been able to complete complex analyses faster and more efficiently."
Customers who are tight on available computing resources are reporting Vertica 4.0 is helping them "do more with less" with a new workload manager that lets them manage complex mixed query workloads to best meet business priorities. Others who had no prior experience working with columnar databases are taking advantage of Vertica's new "load-and-query" data designer, which automatically generates optimized storage structures greatly simplifying development and tuning.
Capital IQ, which provides financial research and analysis solutions to thousands of investors, is using Vertica 4.0 to do complex custom pricing aggregations on terabytes of securities data in real time. "Capital IQ provides deep insight and detailed coverage of the financial markets in the Capital IQ Platform. Query response times, scalability and stability are critical to our customers," said William Murphy, chief technology officer at Capital IQ. "With the new features of the automatic database designer in Vertica 4.0, we are able to double the performance of our system while significantly reducing the amount of storage required."
The Vertica Analytic Database 4.0 includes a host of new features making the product even simpler and faster. A new patent-pending database designer automatically delivers the full benefits of Vertica's best-in-class performance, on any hardware platform, with the simplicity of an appliance. Vertica's purpose built, modular MPP architecture enables rapid development of workload management and unmatched analytics including time-series and sessionization capabilities supporting a broader variety of applications, while the new patent-pending Optimizer and Execution Engine can boost the database's query performance by up to 400 percent.
BlueCrest Capital Management, a leading European hedge fund with over $15 billion in assets under management, is taking advantage of Vertica 4.0's faster performance to power its real-time market data management application infrastructure, which aggregates fixed income, equities, FX and related derivatives, exotic commodities, energy, and alternative asset classes. "BlueCrest has been working with the new features of 4.0 since January," said Justo Ruiz-Ferrer, head of Trading Strategy Systems at BlueCrest Capital Management. "We have been able to perform analyses in the database using the new time series capabilities that previously would have required customized programming outside the database. Vertica 4.0 enables us to accomplish more analyses faster and with less effort."