GigaSpaces Ranked Third in Deloitte Israel Technology Fast 50
11/19/2008

Leading Provider of Application Platforms Named Among Fastest Growing Companies in Israel

Herzliya, Israel - November 19, 2008 - GigaSpaces Technologies today announced that it has been ranked as the third fastest growing company on the 2008 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel. The Fast 50 rankings are based on a company's five-year percentage revenue growth between fiscal years 2003-2007.

GigaSpaces is a leading provider of a new generation of application platforms for Java and .Net environments that offer an alternative to traditional application-servers. Most recently, GigaSpaces Technologies announced the release of GigaSpaces eXtreme Application Platform (XAP) 6.6. The scale-out application allows businesses and developers to scale systems predictably under any peak demand, guarantee performance under any data processing load, and seamlessly leverage the economies-of-scale offered by virtual computing environments such as clouds and grids. By leveraging open-source and standard development frameworks, XAP speeds new application development and simplifies migration of existing systems from traditional middleware and application server technologies to new virtual computing architectures.

"We are honored to be positioned so highly by Deloitte," said Yaron Benvenisti, chief executive officer of GigaSpaces. "This achievement is a testament to our ongoing pursuit to provide a next generation application platform that works seamlessly with distributed environments and cloud offerings. As the industry continues to move toward the cloud, it's imperative for companies to make growth and adoption a top priority."

Each year, the Deloitte Technology Fast 50 identifies the 50 fastest growing technology companies in Israel. Participants can be any private or public company that owns proprietary technology. The program uses objective rankings to identify the trends that are shaping the technology, media and telecommunications sectors and celebrate the fastest-growing companies in the industry.

"Because the Deloitte Brightman Almagor Zohar Fast 50 measures sustained revenue growth over five years, being one of the 50 fastest growing technology companies in Israel is an impressive achievement," said Asher Mechlovich, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. "GigaSpaces deserves a lot of credit for its remarkable growth."

About GigaSpaces
GigaSpaces Technologies is a leading provider of a new generation of application platforms for Java and .Net environments that offer an alternative to traditional application-servers. The company's eXtreme Application Platform (XAP) allows businesses and developers to predictably scale systems under any peak demand, guarantee performance under any data processing load, and seamlessly leverage the economies-of-scale offered by virtual computing environments such as clouds and grids. XAP leverages open-source and standard development frameworks to speed new application development and simplify migration of existing systems from traditional middleware and application server technologies to new virtual computing architectures.

GigaSpaces customers include six of the world's top 10 investment banks, world-leading exchanges, market data providers, hedge funds, retail banks, leading international and US telecommunications and mobile carriers, global Web-commerce companies, five of the world's top online gaming companies, and leading Internet media organizations. GigaSpaces was founded in 2000 and has offices in the US, Europe and Asia.

For more information, please visit http://www.gigaspaces.com, the company's open-source community portal or the company's blog at http://www.gigaspacesblog.com

 

 




Back
   
Home   About   Strategy   Team   Investments   Press   Contact Us   Terms of Use