San Mateo, California (PRWEB) March 31, 2008
Greenplum, a leading provider of database software for business intelligence, today announced that former President and Co-Chief Operating Officer of NYSE Group Jerry Putnam has joined the Greenplum Board of Directors.
Putnam has extensive experience in the securities industry and was most recently President and Co-Chief Operating Officer of NYSE Group, Inc. where he was responsible for the Group's market operations, technology initiatives, new products, and information business. Prior to this role, Putnam founded Archipelago Holdings, Inc., an all-electronic exchange based in Chicago, which merged with the New York Stock Exchange in 2006. At Archipelago Holdings, he was instrumental in attracting major investors from the institutional and retail sectors, was a leader in industry consolidation and transformed Archipelago into a public company. At the New York Stock Exchange, he assisted the organization as it adjusted to the rapid changes in the world's equities markets, helping it to establish a global footprint through mergers, partnerships and other alliances with international exchanges. Prior to these roles, Putnam founded Terra Nova, an on-line broker-dealer, and held positions at several financial firms. He is a member of the Entrepreneurship Hall of Fame sponsored by the University of Illinois at Chicago, and was named one of Time Magazine's Outstanding Innovators in October 2000.
"Greenplum's business model and technology are an ideal fit for today's financial markets, as explosive growth in data continues to push existing system capabilities to their limits," said former NYSE President and Co-COO Jerry Putnam. "Just as Archipelago and NYSE were able to transform the financial services industry by leveraging network computing, so too does Greenplum have the potential to dramatically expand what is possible in these markets with its high-performance and scalable database technology. I look forward to working with Greenplum to expand its reach into financial services as well as more broadly on the world stage."
"We anticipate that Jerry's expertise on the world's exchanges will prove invaluable as Greenplum's technology is adopted by a more international audience," said Bill Cook, CEO of Greenplum. "The data explosion is impacting companies in almost every industry in businesses across the globe, and we are privileged to have Jerry's immense experience and counsel supporting us as we take our G3 database technology into new markets."
Greenplum develops the world's fastest, most scalable database software for Business Intelligence and Data Warehousing. Greenplum Database, the company's breakthrough database software product, enables companies to analyze terabytes of information faster and more cost effectively than traditional data warehouse solutions, allowing organizations to fully leverage their data to gain critical insights into the past, present and future and achieve and extend their competitive advantage in the marketplace. Greenplum Database also powers the Sun Data Warehouse Appliance, which integrates servers, storage and database to deliver industry leading performance, scalability, and cost of ownership. For more information about Greenplum, visit http://www.greenplum.com.
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