Press release

Data Warehouse Virtualization Leader AtScale Surpasses 125 Percent Growth in First Quarter of Fiscal Year 2019

Sponsored by Businesswire

the data warehouse virtualization company, today announced a
record-breaking 125 percent increase in new business during the first
quarter of its fiscal year 2019 and the appointment of Momchil Michailov
as Global Head of Engineering, Research and Development. Driven by the
increasing demand for data warehouse virtualization, AtScale is quickly
becoming the vendor of choice for organizations eager to modernize
operational analytics, move to the cloud, and future-proof their
analytics investments.

AtScale’s momentum is driven by unrivaled innovation enabling
transparent migration to any cloud data platform without disrupting
business intelligence, A.I. and machine learning applications. By
virtualizing data warehouse infrastructure, AtScale creates a single,
secure view of an enterprise’s analytical data with rich context and
metadata for consumption by any business intelligence or machine
learning tool of choice.

Additionally, AtScale continues to add successful, entrepreneurial
leadership to its team with the appointment of Momchil Michailov as
Global Head of Engineering, Research and Development. Momchil joins
AtScale from Citrix (via the acquisition of Sanbolic, Inc.) where he
served as Global Vice President of Storage Technologies. Momchil’s deep
experience in building scalable, distributed cloud systems for Fortune
2000 enterprises will accelerate AtScale’s vision of enabling
transparent enterprise cloud transformation. Michailov will play a
pivotal role in helping build out Engineering, Research and Development
teams globally as the company continues to invest in its platform’s
capabilities both domestically and internationally.

“Every company in the world needs to maximize their use of data to gain
competitive advantage and revenue expansion, no matter where or how it
is stored,” said Chris Lynch, Executive Chairman and CEO, AtScale. “The
growth we’ve seen this year is a testament to the entire team’s
execution and the alignment of our product vision with the cloud data
platform evolution; I’m excited to have Momchil on board to help
accelerate our fiscal 2019 goals.”

In less than a year, AtScale has accomplished major milestones including:

  • $50M Series D Investment Led by Morgan Stanley – AtScale
    secured an additional $50M in capital to bolster its already
    significant technology lead, expand product capabilities, deepen
    relationships within the analytics ecosystem and accelerate its
    investment in sales and marketing both domestically and
  • Company Expansion – AtScale opened an East Coast headquarters
    “HQ2” to capitalize on Boston’s impressive tech scene, established
    sales and marketing offices in both APAC and EMEA and opened a
    development center in Sofia, Bulgaria.
  • Customer Growth – AtScale continues to increase customer
    adoption year-over-year, highlighted by several impressive customer
    expansions at firms including Wells Fargo and wins including retail
    leader Wayfair.
  • Product Innovations – AtScale release 2019.1 introduces
    a new software development kit (SDK) for accelerated on-boarding of
    traditional enterprise data platforms, native multidimensional
    analytics support for Microsoft Power BI and full federated identity
    support via cloud-native SAML 2.0 standards.
  • Expanded Leadership Team and Board – AtScale named serial
    entrepreneur Christopher Lynch Executive Chairman and CEO, added
    analytics industry luminary Jit Saxena and operational icons Bob
    Brennan and Tom Heiser to the Board of Directors, appointed Momchil
    Michailov as Global Head of Engineering, Research and Development and
    promoted AtScale Co-Founder Dave Mariani to Chief Strategy Officer.

To learn more about AtScale’s revolutionary approach to data warehouse
virtualization, read our White Paper: “Cloud Transformation: The Next
Virtualized Data Frontier for BI, ML, and AI” here.

About AtScale
The Global 2000 relies on AtScale, the data
warehouse virtualization company, to provide unified, secured and
governed access to data wherever it resides. The company’s Universal
Semantic Layer™ virtualizes data across disparate systems bridging the
gap for business intelligence and machine learning, enabling faster and
more accurate business decisions at scale.

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