Versant Joins Electric Power Research Institute's IntelliGrid Research Program
REDWOOD CITY, Calif., Feb 22, 2012 (GlobeNewswire via COMTEX) --
Versant Corporation (Nasdaq:VSNT), a worldwide leader in developing data management software infrastructure for complex, mission-critical applications, today announced it has joined the Electric Power Research Institute's (EPRI) smart grid research program, known as IntelliGrid(R). As the only NoSQL, object oriented data management solution provider in the program, Versant brings a wealth of expertise in industries including energy, telecommunications, geo-spatial information systems (GIS), and financial services that is critical for building smart grids that meet the global need for clean, economic energy.
Versant's solutions already manage many of the global data infrastructures that make power grids more intelligent, including several of the largest telecom networks around the world. As utilities have begun to encounter similar data management challenges of speed, reliability, effectiveness, and accessibility by deploying smart grids, Versant's solutions have already been implemented by transmission system operators in the EMEA region.
Further, as utilities use more remote energy sources such as wind and solar, smart grid information models will increasingly resemble GIS-based applications like the climate change research model powered by Versant's technology at the National Snow and Ice Data Center. Finally, dynamic pricing is viewed as one of the primary means for smart grids to make energy delivery more economical. As utilities look to enable this more active business model, Versant's experience handling complex and time-critical data to support trading processes at the world's largest stock exchange will prove critical.
"Utilities are poised for a data management revolution," said Dirk Bartels, VP Product Strategy and Marketing, Versant. "The smart grid will transform utilities' operational and information models to resemble those of modern telecommunications companies with large, interconnected networks. We are very excited to join EPRI's research program."
By infusing more intelligence in to existing energy infrastructures, smart grids will make utilities' data volumes and information models' complexities unmanageable using traditional relational data management solutions. Smart grid services, such as wide area monitoring, protection and control (WAMPAC) and demand response systems, require advanced data management platforms like Versant's that can support graph-like data structures, handle complex event processing, and can act as near-real-time analytics systems.
Versant continues to make significant investments in building solutions for the new era of the intelligent real-time enterprise. Some of Versant's recent advancements include the development of a Java Persistence API (JPA), empowering developers to use existing coding skills to unlock the power of Big Complex Data. Visit www.versant.com to learn more about Versant's enterprise-grade NoSQL solutions and product roadmap.
For more information on the IntelliGrid research program and EPRI's smart grid demonstration projects, visit the EPRI web site at www.smartgrid.epri.com.
Versant Corporation (Nasdaq:VSNT) is an industry leader in building specialized NoSQL data management systems to enable the real-time enterprise. Using the Versant Database Engine, enterprises can handle complex information in environments that demand high performance, concurrency, and availability, significantly cut hardware and administration costs, speed and simplify development, and deliver products with a strong competitive edge. Versant's solutions are deployed in over 150,000 installations across a wide array of industries, including telecommunications, energy, financial services, transportation, manufacturing, and defense. For more than 20 years, Versant has been a trusted partner of Global 2000 companies such as Ericsson, Verizon, Siemens, and Financial Times, as well as the U.S. Government. For more information, call 650-232-2400 or visit www.versant.com.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Versant Corporation
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