Solix positioned as a leader in Gartner Magic Quadrant
08/07/2015 11:59

TechNVision Ventures Ltd has informed in a filing to BSE that Solix Technologies, Inc., a leading provider of Enterprise Data Management (EDM) solutions, has been positioned as a leader in the June 2015 Gartner Magic Quadrant for Structured Data Archiving and Application Retirement.

Gartner's Magic Quadrant is widely recognized as the industry's authoritative source for assessing vendor competitiveness based on completeness of vision and the ability to execute. The Gartner analysis points out the convergence between Information Lifecycle Management (ILM), big data and enterprise analytics.

Commenting on the development, Solix Technologies Founder and CEO Sai Gundavelli told the media, "Apache Hadoop is ideally suited for Information Lifecycle Management (ILM) solutions because it offers highly scalable, low cost, bulk data storage to help organizations meet the challenges of exploding data growth."

Meanwhile, shares of the company were trading at Rs 22.80 a piece, up 4.83 per cent from the previous close at 11:56 hours on BSE.