Monday, April 8, 2013

CEO column - Q1 2013

This is our first week of the second quarter for 2013.  We finished Q1 on a high note by renewing all current customer contracts such as with IBM, Aruba etc, as well as acquiring new customers across wireless and medical device verticals.  We are also very close to signing up a leading cloud provider as a customer in Q2.  These new wins prove the power of Glassbeam as a core technology that can make sense out of any kind of machine data.  Use cases for all these new wins are still centered around the solution pillars of providing valuable information to support and IT organizations for better troubleshooting and operational intelligence, as well as giving product and engineering organizations better insights into their products' usage in the installed base. 

We also reached critical milestones on product front in Q1.  Glassbeam Search was launched in Feb at the Strata Big Data conference. With this new product, we are now able to dramatically show faster time-to-value to our customers who are interested in analyzing raw log data. The search roadmap is being executed on short sprints and our customers will be seeing updates often.

Finally, 451Group released a report on Glassbeam in March. It captured salient points of our new product roadmap along with recent market traction and organizational updates.  As you read this report, you will see that there is lots going on, and that is super exciting in this burgeoning machine data analytics market. Here is 451Group take on Glassbeam (borrowing their summary here):

"Glassbeam has a well-thought-out roadmap, which should add fresh legs to its business by widening its addressable audience. Of course, the downside is that it will expose the startup to a wider range of competitors, including vendors in the log management and analysis sector. Nonetheless, we continue to think Glassbeam has a strong story to tell when it comes to multi source data analytics, which is a prescient issue in the 'big data' world. Furthermore, we welcome the real-time analytic engine as we continue to believe that machine-to-machine data needs to be analyzed in real time to have an actual impact on the devices that generate
the information."

Overall, a great quarter, many more things to do in near future, so stay tuned for more updates.

Puneet

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