Speedment AB in "Big Data" finale at CeBIT

Pressmeddelande   •   Feb 27, 2014 14:54 CET

The Swedish IT company Speedment is the only Scandinavian organization to reach the finale at CeBIT March 10th to 14th this year. CODE_n is the largest competition in Europe for innovative IT companies, with participants from all over the world.

Code_n is organized by the GFT Group in collaboration with EY and CeBIT. The competition is targeted at innovative companies worldwide. This year, the theme is "Big Data”. The competition is organized for the third consecutive year and this year, the number of applications was at a record high. More than 450 companies from around the world were looking for the coveted spots.

“We were overwhelmed by the exceptional quality of the applications we received,” states Ulrich Dietz,” initiator of CODE_n and CEO of the GFT Group. “CODE_n will showcase what is already possible with big data – not just in terms of technology, but also in terms of ground-breaking applications and industry solutions.”

Innovation companies from 17 countries have made ​​their way to the finale. Apart from Sweden, there are also participants from Germany, England, USA , Brazil, the Netherlands, Spain , Israel, France, Finland and Canada.

"Being able to select the finalists from so many outstanding business concepts was a true luxury," says Mark Smith, CEO of Ernst & Young ( EY ).

Speedment has developed a product that accelerates databases several-fold, thus allowing substantial savings of database licenses and hardware. The product is based on the graph database technology.

“It's really great to be in the finale at Cebit. This confirms that what we are on the right track and that our solutions are in demand,” says Carina Dreifeldt, CEO of Speedment AB. “Now we keep our fingers crossed, that we will win the whole competition.”

“Our product is patent pending,” says Per-Åke Minborg , CTO at Speedment AB. “We know that the technology is enormously powerful and stable. We have verified it in Cloud applications capable of running more than 1 % of all the Swedish Internet traffic.”

For more information, please contact:

Carina Dreifeldt, (VD)           
Felix Jansen
Speedment AB
GFT Technologies AG
Phone: +46 702 69 24 01
Phone: +49 711 62042-115
E-Mail: carina@speedment.com
E-mail: Felix.Jansen@gft.com

About CeBIT
CeBIT is the world's largest IT trade fair, held in Hannover, Germany every spring since 1986. Organised by Deutsche Messe AG. The fairgrounds are at 300 000 m2. www.cebit.de / home

About CODE_n
CODE_n is an international platform for digital pioneers and innovation companies. The name comes from the 'Code of the new "DNA for innovation. It was initiated in 2011 by GFT in collaboration with EY and CeBIT. The highlight is the annual CODE_n contest where the best innovations in the world compete against each other at the finals at CEBIT. www.code-n.org

About GFT
GFT Technologies AG is an IT company with consultants and IT solutions. The company is headquartered in Stuttgart, but also in France, England, Spain, Switzerland, Italy, U.S. and Brazil. The turnover is approximately 260 million €. www.gft.com

About Speedment AB 
Speedment is an IT company headquartered in Gothenburg. The company focuses on graph databases and optimization of databases. So far, the team behind Speedment received several high tech awards and created and sold several patents in different markets. With innovation Speedment Ace, the company has raised the standard for high performance database acceleration.. Custom solutions have been delivered within the newspaper and media, banking & finance, entertainment, education, film & music as well as transportation business. www.speedment.com