Database Designed for Market Demands.
IT is at crossroads. Datacenters and IT departments are learning to move in multiple directions as the growing flood of data has forced them to try to grapple with the massive processing demands with software that was built 25 years ago for hardware existed then.
Poorly performing IT applications are bleeding corporations $60 billion a year. What can we do about it?” – White Paper by Infosys Enterprise Quality Services Group
Companies could face up to 50% in loss of revenue as a direct result of poor application performance and unsatisfactory end user experience.” - Benchmark report by Aberdeen Group, a Harte-Hanks Company (NYSE:HHS), Application Performance Management
Volume of data is multiplying at a rate of 60% annually, taking a heavy toll on application performance that’s costing U.S. corporations $50 billion annually” – Forrester and Compuware Corporation Report – 2008
$18.5 billion - The amount of money spent on data center power in 2005, $250 billion - The amount of power spent on data center power in 2012, if nothing is changed, and $19 billion - Total value of datacenter revamping projects being undertaken by 21 large players in the U.S.” – IDC
The hardware landscape has significantly advanced over the last 25 years with the introduction of multi-core processing, 64-bit computing, and solid state drives. But, current database technologies are lagging behind and restricting the growth of the computer hardware manufacturing industry. Electron is a critical accelerant.
Current IT infrastructures are suffocating with combinations of OLTP, in-memory, and analytical databases, distributed cache systems and application servers. Electron can remove the need for costly redundant IT infrastructures with patented innovations built on a new platform.
Electron plans to expand this product as a platform for further innovation that will help enterprises continue to operate their IT more efficiently while reducing hardware and software expenditures.
Electron has been well received in the industry and is creating an ecosystem of strategic alliance partners with hardware companies and enterprise application companies.
Current Investment Status
As of now, Electron is extremely capital efficient and intends to raise capital only after achieving specific inflection points before 2011. The company has received various investment interests and continues to maintain a very good relationship with a portfolio of potential lead investors.
Initially, Electron was self-funded and subsequently, Infocomm Development Authority of Singapore (IDA) has extended grant to Electron to set up an engineering center in Singapore.
JumpStart Ventures, a nationally recognized venture development organization that accelerates the progress of high potential, early-stage businesses, has made an investment in Electron.
Electron is currently in the process of raising capital and please contact Electron to discuss rewarding investment opportunities.