<p>FOSTER CITY, Calif., March 3, 2014 /PRNewswire/ Today GridGain (www.gridgain.com) officially released its industry leading In-Memory Computing Platform through an Apache 2.0 open source license, offering the world access to its technology for a broad range of real-time data processing applications. GridGain's open source software provides immediate, unhindered freedom to develop with the most mature, complete and tested in-memory computing platform on the market, enabling computation and transactions orders of magnitude faster than traditional technologies allow.</p><p>"The promised advances of big data combined with internet scale simply can't happen without a transformative change in computing performance," said Abe Kleinfeld, CEO of GridGain. "In-memory computing is enabling this change by offering a major leap forward in computing power, opening doors to a new era of innovation."</p><p>In-memory computing on commodity hardware is no longer a dreamThe falling cost of RAM has made in-memory computing broadly accessible to organizations of all sizes. In a recent customer engagement, GridGain demonstrated one billion financial transactions per second using its In-Memory Data Grid software on just $25,000 of commodity hardware. According to GridGain, a performance increase of this magnitude will allow organizations to achieve goals they would not have previously considered pursuing.</p><p>"Organizations that do not consider adopting in-memory application infrastructure technologies risk being out-innovated by competitors that are early mainstream users of these capabilities," said Massimo Pezzini, Gartner Press Release, Gartner Says In-Memory Computing Is Racing Towards Mainstream Adoption, April 3, 2013, http://www.gartner.com/newsroom/id/2405315.</p><p><a href="http://www.broadwayworld.com/article/GridGains-Open-Source-In-Memory-Computing-Strategy-Sets-Stage-for-Unprecedented-Advances-20140303">Keep reading...</a></p>