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ParAccel mines fast-growing market for data management: venture-backed startup moving to new facilities.

Publication: San Diego Business Journal
Publication Date: 12-JAN-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: ParAccel mines fast-growing market for data management: venture-backed startup moving to new facilities.(Paracel Online Systems Inc.)

Article Excerpt
Despite the recession, database management firm ParAccel recently said it was continuing to grow, doubling its work force to 60 employees and moving into new facilities in Sorrento Valley.

The venture-backed company, which has operations in Cupertino, said it had doubled its customer base to an undisclosed number since closing on $20 million in funding in December 2007.

That was the second funding round for the startup, which launched in October 2007.

Founded by Barry Zane, an early developer at Netezza, a public company in Massachusetts, ParAccel says it has developed a cost-savings solution for companies managing ever growing mountains...

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