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Teradata Partners with RainStor for Big Data Retention and Retrieval at a Low Cost
RainStor's innovative technology significantly improves on-line data retention and retrieval for compliance needs
SAN FRANCISCO, Nov. 19, 2010 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), today announced a partnership with RainStor, Inc. to provide specialized data retention capabilities enabling customers to keep compliance data for longer periods of time at a low cost. With RainStor's innovative technology, data is de-duplicated and compressed enabling a 97 percent storage footprint reduction. Additionally, data is directly accessible online and can be queried using standard SQL language and a number of other business intelligence tools.
This new partnership addresses the challenge of spiraling costs associated with retaining large and growing volumes of historical data. With built-in data reduction capabilities, the cost of retaining multi-terabytes, growing to petabytes goes down significantly. Organizations can now meet industry compliance regulations, and also improve enterprise intelligence by ongoing access to larger volumes of historical data.
Many Teradata customers, in a mix of industries, have begun to delve into massive volumes of historical detailed data, as these customer examples demonstrate.
-- Telecommunications - U.S. and European Union regulations require that
telecommunication providers retain call detail records (CDR) and also
Internet protocol detail records (IPDR), which are created by smart
phone users. The data must be retained for a minimum 12 months and be
readily available to law enforcement agencies for criminal
investigations. The challenge for telecommunications providers is that
they now create millions of CDRs and IPDRs per day.
-- Retailers - With Teradata, retailers are able to meet sales tax
compliance reporting and auditing requirements by analyzing millions of
transactions, which occurred over several years and involved thousands
of products, across thousands of stores. By executing this detailed
analysis in hours or a few days, not weeks and months, retailers can
ensure that they are properly paying their taxes, which saves time,
reduces labor costs, and avoids penalties and fines.
-- Finance - A financial services customer stores 14 years of historical
consumer banking data on everyone who has opened and closed an account
to enable easy access for archival retrieval in support of governmental
compliance.
"Our partnership with RainStor's specialized data compression and reduction software helps broaden Teradata's reach to the retention market. This complements the Teradata Purpose-Built Platform Family and back-up, archive and recovery solutions," commented Scott Gnau, chief development officer, Teradata Corporation. "This solution can eliminate the need to store historical data on tape and thereby avoid any business risk of not providing immediate response in compliance situations."
"Most industry sectors are now required to maintain online access to historical data, which not only complies with regulations but drives smart business decisions for a competitive advantage," said John Bantleman, chief executive officer, RainStor, Inc. "We are very excited about the combined data retention capabilities Teradata and RainStor are bringing to market, which we believe to be a unique industry offering that meets today's big data problem."
About RainStor
RainStor is a technology pioneer in online information preservation. The company's specialized data repository significantly reduces the total cost of retaining data through extreme data reduction, simplified data management and near-perfect scalability. RainStor solutions are deployed by technology partners across multiple industries to reduce the cost and complexity of preserving information in the enterprise or the cloud. RainStor is a privately-held company with offices in San Francisco, U.S.A. and Gloucester, UK. For more information, visit http://www.rainstor.com.
About Teradata
Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at http://www.teradata.com.
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
SOURCE Teradata Corporation
Teradata Corporation
CONTACT: Dan Conway, Teradata Corporation, +1-858-663-4689, dan.conway@teradata.com; or Julie Tangen, Kulesa Faul for RainStor, +1-831-425-1083, julie@kulesafaul.com
Web Site: http://www.teradata.com
Teradata Partners with RainStor for Big Data Retention and Retrieval at a Low Cost
RainStor's innovative technology significantly improves on-line data retention and retrieval for compliance needs
SAN FRANCISCO, Nov. 19, 2010 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), today announced a partnership with RainStor, Inc. to provide specialized data retention capabilities enabling customers to keep compliance data for longer periods of time at a low cost. With RainStor's innovative technology, data is de-duplicated and compressed enabling a 97 percent storage footprint reduction. Additionally, data is directly accessible online and can be queried using standard SQL language and a number of other business intelligence tools.
This new partnership addresses the challenge of spiraling costs associated with retaining large and growing volumes of historical data. With built-in data reduction capabilities, the cost of retaining multi-terabytes, growing to petabytes goes down significantly. Organizations can now meet industry compliance regulations, and also improve enterprise intelligence by ongoing access to larger volumes of historical data.
Many Teradata customers, in a mix of industries, have begun to delve into massive volumes of historical detailed data, as these customer examples demonstrate.
-- Telecommunications - U.S. and European Union regulations require that
telecommunication providers retain call detail records (CDR) and also
Internet protocol detail records (IPDR), which are created by smart
phone users. The data must be retained for a minimum 12 months and be
readily available to law enforcement agencies for criminal
investigations. The challenge for telecommunications providers is that
they now create millions of CDRs and IPDRs per day.
-- Retailers - With Teradata, retailers are able to meet sales tax
compliance reporting and auditing requirements by analyzing millions of
transactions, which occurred over several years and involved thousands
of products, across thousands of stores. By executing this detailed
analysis in hours or a few days, not weeks and months, retailers can
ensure that they are properly paying their taxes, which saves time,
reduces labor costs, and avoids penalties and fines.
-- Finance - A financial services customer stores 14 years of historical
consumer banking data on everyone who has opened and closed an account
to enable easy access for archival retrieval in support of governmental
compliance.
"Our partnership with RainStor's specialized data compression and reduction software helps broaden Teradata's reach to the retention market. This complements the Teradata Purpose-Built Platform Family and back-up, archive and recovery solutions," commented Scott Gnau, chief development officer, Teradata Corporation. "This solution can eliminate the need to store historical data on tape and thereby avoid any business risk of not providing immediate response in compliance situations."
"Most industry sectors are now required to maintain online access to historical data, which not only complies with regulations but drives smart business decisions for a competitive advantage," said John Bantleman, chief executive officer, RainStor, Inc. "We are very excited about the combined data retention capabilities Teradata and RainStor are bringing to market, which we believe to be a unique industry offering that meets today's big data problem."
About RainStor
RainStor is a technology pioneer in online information preservation. The company's specialized data repository significantly reduces the total cost of retaining data through extreme data reduction, simplified data management and near-perfect scalability. RainStor solutions are deployed by technology partners across multiple industries to reduce the cost and complexity of preserving information in the enterprise or the cloud. RainStor is a privately-held company with offices in San Francisco, U.S.A. and Gloucester, UK. For more information, visit http://www.rainstor.com.
About Teradata
Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at http://www.teradata.com.
Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.
SOURCE Teradata Corporation
Teradata Corporation
CONTACT: Dan Conway, Teradata Corporation, +1-858-663-4689, dan.conway@teradata.com; or Julie Tangen, Kulesa Faul for RainStor, +1-831-425-1083, julie@kulesafaul.com
Web Site: http://www.teradata.com