Company Changes Name from ParElastic to Tesora, Representing New Strategic Direction to the OpenStack Trove Project
CAMBRIDGE, Mass. -- Feb. 10, 2014 – Tesora launches today as the first company dedicated to supporting the Database-as-a-Service (DBaaS) platform on OpenStack. Tesora, meaning treasure in Italian, has joined the OpenStack community to collaborate and contribute its deep database expertise to the OpenStack DBaaS project, Trove.
With OpenStack Trove, database administrators can quickly provision and scale database capacity in the cloud and manage multiple database management systems (DBMS) such as MySQL, MongoDB and others from a single, unified management tool. Trove is in production use today at HP, Rackspace and PayPal. Tesora is dedicated to making Trove easy enough for any organization to deploy as its DBaaS platform.
"We set out to transform how databases are provisioned and managed in the age of cloud computing, believing that database architecture should be flexible, scalable and cost-effective," said Ken Rugg, Founder and CEO of Tesora. "The company name change is a reflection of the expansion of our corporate vision beyond scalability to delivering a complete and open platform for DBaaS on OpenStack”
The DBaaS market is growing rapidly with an astounding 86 percent cumulative annual growth rate and annual revenues from DBaaS providers projected to rise from $150 million in 2012 to $1.8 billion by 2016, according to 451 Research. The Tesora team is well positioned to take advantage of this market opportunity. The company’s scale-out database virtualization product is currently in production with several customers and can be used either with the company’s DBaaS platform or with other cloud platforms such as Amazon Web Services (AWS) including Amazon’s Cloud Relational Database Service (RDS).
"Instead of taking weeks or even months to provision a single database server, users can provision scalable databases in minutes,” said Jit Saxena, database pioneer, founder of Netezza and Tesora board member. “Tesora's database pedigree and experience in delivering scalable database capacity, coupled with the strength of the OpenStack community provides the peace-of-mind that the industry's most knowledgeable people are behind the scenes and available for support."
“I’m pleased to have Tesora joining OpenStack and Trove. Having a group of dedicated datastore professionals who know MySQL is a boon for the community. I’m anticipating amazing collaboration and top notch ideas to come from the folks at Tesora,” said Michael Basnight, the OpenStack Trove Technical Project Lead. Tesora has committed a dedicated team of engineers to develop OpenStack Trove, with an initial focus on clustering.
Tesora is developing the first enterprise-class, scalable Database-as-a-Service (DBaaS) platform for OpenStack. The company brings more than 200 years cumulative database technology experience to the OpenStack community, helping organizations get the most from their OpenStack investment by making it easy to deliver database capacity on demand.
To learn more about Tesora visit: www.tesora.com