Neo Technology Gains Significant Momentum Driving Enterprise NOSQL

CHICAGO, IL--(Marketwire - Oct 25, 2011) - SPRINGONE 2GX 2011 CONFERENCE

• Strengthens Team with Addition of Rod Johnson, Rickard Öberg and Lars Nordwall
• Adds Noteworthy Enterprise Customers Including Deutsche Telekom and Viadeo
• Secures $10.6M in Series A Funding and Opens Silicon Valley Headquarters

Neo Technology, a platinum sponsor of this week's SpringOne 2GX 2011 conference, is experiencing tremendous growth only weeks after announcing $11M in Series A Funding. Today the company is announcing a strengthened team with the addition of SpringSource founder Rod Johnson, JBoss guru Rickard Öberg, and Pentaho veteran Lars Nordwall. With the addition of these three proven leaders along with the upcoming release of Spring Data Neo4j 2.0 and recent enterprise customer validation, Neo Technology is both leading and redefining enterprise NOSQL.

Businesses are struggling to cope with the explosion of data, growing at 40% per year (McKinsey Global Institute). The business need to leverage complex and connected data is driving the adoption of scalable, high performance NOSQL databases. However, most NOSQL databases do not meet the needs of enterprise applications. Neo4j, a robust, flexible and scalable graph database, is the industry's only NOSQL database capable of solving the complex, connected data challenges that enterprise application developers face today. As the NOSQL space rapidly expands, Neo Technology is taking a leadership position in providing NOSQL for the enterprise.

Unique to NOSQL databases, Neo4j provides:

• A graph data model that enables high performance queries on complex, connected data
• Mature support for transactions
• Enterprise-grade durability that never loses data
• Awesome Java support

Neo Technology Strengthens Executive Team
To support its rapid growth, Neo also announced it has hired Rickard Öberg, developer of JBoss, and technology veteran Lars Nordwall as the company's COO. Rod Johnson, SpringSource Founder, will join as Neo's Chairman of the Board.

• Rickard Öberg, recognized as an Oracle Java Champion, has had a long and successful career in Java technologies. In addition to his work on Neo4j, Rickard will continue to lead the Qi4j open source project which is "a framework for domain centric application development, including evolved concepts from AOP, DI and DDD." In the past Rickard made important contributions to the XDoclet, WebWork, and JBoss open source projects.
  
  
• Rod Johnson, Chairman
  Rod Johnson is the General Manager of the SpringSource product division of VMware. Rod conceived of and initiated the development of Spring, and has served as CEO of SpringSource since the company's inception. One of the world's leading authorities on Java and J2EE development, Rod is a member of the Java Community Process (JCP) Executive Committee (EC). He holds a PhD from the University of Sydney.
  
  
• Lars Nordwall, COO
  Lars has an outstanding track record of entrepreneurial leadership and managing diverse, fast growing businesses. Before joining Neo, Lars was SVP of Worldwide Sales at Pentaho, where he orchestrated a company turn-around with 100%+ annual booking growth as a result. Before Pentaho, Lars was the VP of Worldwide Sales at SugarCRM, where he ramped the firm from an unknown start-up to a global firm with over 4000 customers.
  

Experiences Tremendous Company and Customer Momentum
Neo Technology is experiencing strong customer momentum with customer wins including Cisco, StudiVZ, Viadeo, and Deutsche Telekom. These customers underscore the notion that as enterprise adoption of NOSQL accelerates and the world of data explodes in volume and complexity, more companies are bringing on trusted, 'enterprise ready' tools to handle complex, ever-changing data.

Last month Neo secured $11 million in Series A funding to fuel adoption of NOSQL in the Enterprise. The investment will be used to support product development, meet the needs of Neo's expanding customer base, and further deliver on its vision for driving NOSQL into the enterprise. In response to its growing business, Neo also announced it has established its new company headquarters in Menlo Park, California.

Supporting Quotes
'We have had a terrific year. We've continued to enhance our Neo4j product, added new enterprise customers to our client roster, strengthened our leadership team with key hires and secured $10.6 million in Series A funding. Our downloads are 10x what they were one year ago -- a direct result of being 100 percent focused on customer success."
-- Emil Eifrém, CEO, Neo Technology

Tweet This: @neo4j releases @SpringData Neo4j 2.0, CEO Emil Eifrém keynotes #SpringOne in #Chicago, and announces tremendous company and customer momentum http://bit.ly/n1gLVD

Supporting Resources

• For more information visit: neotechnology.com
• Link to company press page: neotechnology.com/about-us/press
• Link to Emil's blog: http://blogs.neotechnology.com/emil/
• Follow us on Twitter: http://twitter.com/#!/neo4j

About Neo Technology
Neo Technology is the NOSQL database company for the enterprise. Neo4j is a robust, high performance, scalable graph database. It is the industry's only NOSQL database that solves the complex, connected data challenges that enterprises face today. Proven by eight years of 24/7 production use, Neo4j is a fully transactional database that enables customers, like Adobe and Cisco, to tackle complex data problems. Neo Technology is a privately held company funded by Fidelity Growth Partners Europe, Sunstone Capital and Conor Venture Partners, and is headquartered in Menlo Park, CA. For more information, visit neotechnology.com.