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NextGear Capital Accelerates Automotive Finance Services with Violin Flash Memory Arrays

Violin Memory, Inc., (NYSE:VMEM), a leader in persistent memory-based storage solutions, today announced it has been chosen by NextGear Capital to accelerate the delivery of key services to the company’s customer base of more than 17,000 auto dealers in North America. Using the Violin 6000 Series Flash Memory Array, NextGear Capital achieved up to 1000 percent improvement in SQL database performance, allowing them to maintain leadership in the inventory finance solutions industry.

NextGear Capital is the world’s most comprehensive and innovative provider of lending products for vehicle dealers and auctions. With tools such as Online Account Management and the NextGear Capital mobile app, buying and selling inventory is faster, simpler and ultimately more profitable.

In addition to its own technology developments, NextGear Capital seeks partnerships with other innovators to sustain its competitive advantage in delivering real-time inventory services across the country. When two large SQL database servers were slowing down business, NextGear Capital needed a temporary high-performance home for the data. The company turned to Violin Memory and performance immediately improved, even before conducting a problem determination on the database. The first deployment to accelerate its SQL database was so successful, NextGear Capital ordered another Violin 6000 Series Flash Memory Array. As a result, the company reduced latency from as much as a second to consistently less than a millisecond.

“We are the leaders in the automotive flooring market because we focus on providing the right services at the right time,” said Chris Brady, chief information officer of NextGear Capital. “Violin’s storage not only accelerated our services to very demanding automotive dealers, but we see it as an insurance policy for maintaining that lead in the future.”

“A sustainable competitive advantage can be one of the most difficult things in the world to attain,” said Narayan Venkat, vice president of product management at Violin Memory. “Violin continues to push the envelope to deliver memory-based storage solutions that enable our customers’ business to win.”

Violin 6000 Series Flash Memory Arrays are designed to meet the performance, availability and scalability requirements of the most demanding database applications. The 6000 Series Memory Arrays:

  • Deliver more than 1 million IOPS
  • Scale from 8TiB to 64TiB of memory capacity
  • Provide I/O access with latency measured in microseconds
  • Plug into your existing Storage Area Network

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About Violin Memory, Inc.

Violin Memory enables businesses to access real-time information by delivering memory-based storage solutions that close the compute storage gap. Named by Gartner Inc. as the market share leader in flash-based storage systems, Violin Memory brings storage performance in-line with demanding, high-speed applications, servers and networks at disk economics. Violin Memory solutions are optimized from the ground up to leverage the inherent capabilities of flash memory, enabling performance of memory at compelling economics for business-critical applications, virtualized environments and big data in enterprise data centers. Founded in 2005, Violin Memory is headquartered in Santa Clara, California. For more information, visit www.vmem.com.

About NextGear Capital

NextGear Capital is the world’s most comprehensive and innovative provider of lending products for vehicle dealers and auctions. With pioneering technology and a total commitment to customer service, NextGear Capital empowers dealers to floor plan vehicles from anywhere, at any time. NextGear Capital lines of credit can be used for a variety of purchases – Retail, Wholesale, Salvage and Diversified Products. The company is a dynamic new industry leader that is 100% focused on helping customers shift their business to the next level. For more information, visit www.nextgearcapital.com.

All Violin Memory news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by Business Wire and are immediately thereafter posted on the company's external website, www.vmem.com. Violin, Violin Memory and the Violin Memory logo are trademarks or registered trademarks of Violin Memory, Inc. in the U.S. and other countries. All other brand or product names used in this public announcement may be trademarks or registered trademarks of their respective owners.

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