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July 8, 2013

Datameer Reports Big Growth with Hadoop Tools

Alex Woodie

Datameer is having big success selling its big data tools that streamline and simplify the use of Hadoop. The Silicon Valley software company reportedly has tripled revenues over the last 12 months, and is closing in on 100 customers, including some Fortune 20 firms. 

Apache Hadoop is one of the core underlying pieces of software driving the boom in big data analytics tools. But, as with any advanced new technology, it does have a learning curve associated with it, and that has increased demand for developers who are well-versed in MapReduce programming.

That’s where companies like Datameer step in. The 2009 startup’s eponymous suite of software insulates Hadoop users from the underlying complexity of the technology, and provides self-service simplicity to data consumers. It does this through a series of widgets that overlay tables, graphs, charts, diagrams, maps, and tag clouds on top of a Hadoop data store, thereby enabling users to visualize their data and identify patterns and relationships, without investing in MapReduce programming.

That story appears to be resonating with big and small customers alike. According to a recent story in Venture Beat, Datameer is on track to hit a $10 million run rate this summer. It is also closing in on 100 enterprise customers, ranging from smaller firms like the video game developer Kabam to Fortune 100 companies like Sears. The company claims to have four of the five largest global banks, three of the four largest credit card companies, and the U.S. government as clients. The average contract has $100,000 in value, VB says.

The latest customer win is Cardinal Health, a distributor of pharmaceuticals and medical equipment that had $107 billion in revenues last year. The company is currently deploying a new “data architecture” that will speed analysis of structured and unstructured data.

Neeraj Kumar, Cardinal Health’s vice president of information and integration architecture, says Datameer met both of its primary requirements, including the capability to “view and pivot data in a simple spreadsheet format,” and scalability.

Datameer CEO Stefan Groschupf says healthcare is one of the fastest growing verticals for his company. “Cardinal Health is a perfect example as a large, distributed organization that creates a lot of important data that, if pulled together and analyzed, can really make a difference in people’s lives,” Groschupf says in a press release.

Datameer, which has raised more than $17 million from venture capital firms such as Redpoint and Kleiner Perkins, last week unveiled Datameer 3.0. The new release includes new “Smart Analytic” functions designed to automatically identify patterns and relationships and make recommendations based on data stored in Hadoop, with a single click of the mouse.

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