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Formulus Black Named Best Overall Solution at Advanced Scale Forum

May 6, 2019

JERSEY CITY, N.J.--(BUSINESS WIRE)--May 6, 2019--Venture-backed startup Formulus Black was honored with the award for “Best Overall Solution” for its ForsaOS at the recent Advanced Scale Forum, an event focusing on advanced IT solutions that solve Big Data challenges and achieve performance beyond the capabilities of traditional IT environments. Award winners were selected by invited cross-industry attendees representing database, systems and solutions architects.

The Advanced Scale Forum is an invitation-only “power summit” for decision-makers like CTOs and CIOs who need scalable advanced enterprise computing solutions. ForsaOS was selected for its ability to run applications entirely in-memory, providing huge gains in compute efficiency – even on standard, affordable hardware.

“Attendees of the Advanced Scale Forum are all looking to solve a common problem of running performance-hungry workloads affordably and efficiently, which is what we set out to do with ForsaOS, and we do it at memory-channel speeds,” said Wayne Rickard, Chief Strategy and Marketing Officer. “We’re grateful for the opportunity to showcase ForsaOS and connect with this community of industry leaders who have a powerful voice in shaping the future of data science, cloud computing, HPC, AI, and other advanced applications.”

Advanced Scale Forum 2019 was held April 15-17 in Ponte Vedra, Florida. This year’s award for Formulus Black follows last year’s recognition at ASF 2018 where Formulus Black was named “Most Promising New Company.”

ForsaOS software utilizes fast DRAM memory as storage to enable larger database and analytics workloads to run and persist in memory on commodity hardware, without any application changes, compression, encryption, or added peripherals. ForsaOS can increase effective memory capacity by up to 24x and improve processing speed as much as 450x, exponentially improving cost effectiveness, data security, and memory utilization. Its algorithms identify, organize, and encode data patterns used in any application and OS, and its built-in hypervisor leverages the company’s patented Formulus Bit Markers (FbMs) technology to allow many more virtual server instances on standard hardware than conventional hypervisors. The software stack is the first in the world to keep data in persistent memory while remaining safe against power loss, and provides complete in-memory system backup and restore in minutes instead of hours or days. ForsaOS is ideal for large data sets and high-performance workloads typical of enterprises in the financial services, automotive, telecom, energy, university, and healthcare industries.

About Formulus Black

Led by technology veterans in the data storage, networking and computing industries, as well as successful serial entrepreneurs, Formulus Black is a software company that is unlocking the power of in-memory compute for all applications, delivering a level of performance unmatchable by any SSD or other I/O-bound technology. The company owns an extensive portfolio of intellectual property, including 15 issued U.S. patents and 8 global patents covering its core technologies and brands. Additional information about the company and its ForsaOS software stack is available at https://www.formulusblack.com or follow us on Twitter or LinkedIn.

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CONTACT: Mark Smith

marks@jprcom.com

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE

SOURCE: Formulus Black

Copyright Business Wire 2019.

PUB: 05/06/2019 08:00 AM/DISC: 05/06/2019 08:01 AM

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