Expansion of Management Team Reaffirms Company's Commitment and Investment in Big Data and In-Memory Solutions
San Francisco, Calif., September 6, 2012
Terracotta Inc. the leader in in-memory technologies for enterprise big data, announces that Robin Gilthorpe has joined the company as its CEO. Gilthorpe was most recently Senior Vice President, Americas at TIBCO Software Inc. and brings 20 years of international management experience to the company. His appointment is part of the company's strategy
to further invest in its growing in-memory business and BigMemory solutions. Gilthorpe will also join the Group Executive Board of Terracotta's parent company, Software AG.
"I am thrilled to join the strong team responsible for Terracotta's impressive growth to this pivotal point," says Gilthorpe. "My experience building fast growth businesses globally uniquely positions us to drive further value from Terracotta's unmatched BigMemory technology and to capitalize on Software AG's
investment in the fast growing big data and in-memory spaces."
Terracotta reported second quarter license revenue greater than its revenues during the whole of fiscal 2011, and the company is on track to triple its 2011 revenue.
During fiscal 2012 it has already added or expanded relationships with key customers including PayPal, Discover and Digital Globe.
Terracotta, Inc. is the leading provider of game changing Big Data management solutions for the enterprise. Its flagship product, BigMemory, is a Big Data in-memory solution that delivers performance at any scale. Terracotta's other award-winning data management solutions include Ehcache — the defacto caching standard for enterprise Java — and Quartz, a leading job scheduler. Terracotta supports the data management needs of a majority of the Global 2000 with over 2.5 million deployments of its products in 190 countries. Terracotta is a wholly owned subsidiary of Software AG (Frankfurt TecDAX: SOW). For more information, please visit www.terracotta.org.