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Altibase celebrates 25thanniversary with partners, making a new leap forward

On the 25th anniversary of its foundation, Altibase officially announced a new partnership policy to strengthen close cooperation with partners. Altibase, the No. 1 Korean company in the DBMS field, plans to expand its footprints in Korean and overseas markets through this policy.   The domestic partners selected as of now are DAWON Co., Ltd, J&Technology Co., Ltd, Octagon Solution Co., Ltd, IMSOLTEC Co., Ltd, Key World Information and Communication Co., Ltd, Bon Info Co., Ltd, BLUEDIAN Co., Ltd, and Bluecloud Solution Co., Ltd. A total of eight companies have signed new partnership agreements. In addition, Altibase’s official overseas partners are ATP Tradesoft and KISSCO JAPAN.   Partner companies receive various benefits through the new policy. Such benefits include SIDs exclusive for partner companies, development/test DBMS, joint marketing projects, support for training programs, and certification.   An official stated, \"Through the new partnership policy, Altibase will work more closely with reliable partners to expand our footprints not only in the domestic DBMS market but also in the overseas market.\" He also said, “Altibase is expected to further develop and grow through cooperation with our partners in the future.”   Altibase and its partners will pave the way for a new leap forward through this new partnership policy, and both companies are expected to grow further through close cooperation.   Additionally, Altibase plans to hold ‘ALTIBASE DAY\' in coming October to celebrate the 25th anniversary of its foundation. At this event, Altibase will invite partner companies and officials to introduce Altibase products, and partner companies will promote Altibase through presentations.Written by : Lee Won Ji (Electronics News)https://www.etnews.com/20240527000204

Altibase participates in the SW Market Fair to unveil strategic products tailored for the domesti...

Altibase, a leading Korean DBMS company, participated in the \'SW Market Fair\' held at the Sejong Government Convention Center on March 21st, unveiling its strategic DBMS products tailored for the domestic public service market. This event, hosted by the Ministry of Science and ICT and organized by the Korea Commercial Software Association, showcases and presents excellent domestic software products and technologies. At the event, Altibase introduced \'ALTIBASE V7.3\' which is tailored for the public service market. Altibase has gained trust by supplying DBMSs for public institution projects such as the Seoul Metro signal control, the Fair Trade Commission\'s corporate group portal system enhancement project, and the Daegu National Computing and Information Service. Furthermore, Altibase has been recognized for its technological excellence for over 25 years, receiving awards such as a commendation for contributions to the informatization of military administration, being selected as one of the top 10 new technologies in the Korea Technology Awards, and receiving a special award, as well as the SW Enterprise Competitiveness Award. \'ALTIBASE V7.3\' embodies 25 years of Altibase\'s technology and know-how. To meet the requirements of public service market DBMS, Altibase features 24x7 high availability, high-performance replication technology, and replication compression technology, offering functions and stability that can replace Oracle. Altibase is actively targeting not only the domestic market but also the overseas market by providing a multi-data model and fully managed database service features optimized for cloud environments. Richard Nahm, Overseas Marketing Director of Altibase, said, “ALTIBASE V7.3 is already handling critical tasks requiring ultra-high performance in the financial, telecommunications, and manufacturing sectors, providing excellent performance and stability to meet large-scale data and transaction demands. ALTIBASE 7.3 is ready to lead new market trends in the domestic public market based on its replication features, stability, and cloud compatibility.”Written by : Jeong Jong-gul (IT Daily) http://www.itdaily.kr/news/articleView.html?idxno=221498

Altibase Renews Partnership Agreement with KISSCO Japan, Accelerating Market Expansion

ALTIBASE, a provider of database solutions, has announced the renewal of its partnership agreement with KISSCO in Japan.Through this renewed agreement, both companies aim to strengthen their collaboration in the Japanese market, hoping to deliver superior services to clients through innovative database technologies.A key spokesperson stated, “KISSCO is well-known for providing innovative solutions across various industries, earning board trust in Korea and Japan, particularly for its expertise in data management and enterprise IT infrastructure. Furthermore, KISSCO’s customer-centric vision and technological innovation have garnered attention in the global market.”Continuing, they added, \"The renewal of the partnership between ALTIBASE and KISSCO further enhances the trust and collaboration between the two companies. ALTIBASE is expected to bolster its competitiveness in the Japanese market. Altibase plans to grasp local market trends in conjunction with Kisco and provide tailored database solutions across various industries, delivering optimal value to customers.\"Richard S Nahm. Director of Global Sales and Marketing at ALTIBASE, stated, “The renewed partnership with KISSCO signifies a stronger collaboration between the two, with a determination to solidify our presence in the Japanese market. Leveraging ALTIBASE’s stability and efficiency, we both aim to support the digital transformation of Japanese businesses by delivering our innovative DBMS solution in partnership with KISSCO Japan.”Source: Electronic News Internet Hee-Won Seo Reporter shw@etnews.comOriginal Copy: https://www.etnews.com/20231212000274

Altibase V7.3 Wins 'the Global Premium Commercial Software Presidential Award' at the 9th Global ...

Altibase announced on the November 17th, 2023, that ALTIBASE Version 7.3 won the \'Korea Commercial Software Association Presidential Award\' at the 9th Global Commercial Software Grand Exhibition held at Seoul\'s EL Tower, where Altibase V7.3 was showcased.This recognition is a result of Altibase\'s continuous innovation and technical excellence in the global market. The Global Commercial Software Grand Exhibition, organized by the Korea Commercial Software Association, the Public Procurement Sector Consultation Council, and the Electronic Times, and sponsored by the Ministry of Science and ICT, the Korea Information and Communications Industry Promotion Agency, and the Korea Intelligent Information Society Promotion Agency, aims to encourage companies that have contributed to the development of the domestic software industry. According to officials, the event provides a platform for introducing outstanding Korean software products and sharing success stories, paving the way for entry into global markets based on the domestic market.An official stated, \"Altibase has strengthened its position in the global market as a representative Korean DBMS for 24 years, starting with the \'Korea SW Grand Award Presidential Award\' in 2006.\" Thy also added, \"Having successfully developed and commercialized Real Time In-Memory DBMS, Altibase created the world\'s first Hybrid DBMS, replacing foreign products in the general DBMS market. Additionally, with the development of Cloud Native Database technology, Altibase is enhancing competitiveness in the global market alongside the cloud market.\"Following the 2023 award ceremony, Altibase\'s Director of Global Sales and Marketing, Richard Nahm, presented examples of Altibase\'s outstanding technological capabilities being recognized not only in the domestic market but also internationally. He highlighted Altibase AAA Replication (Altibase Active-Active Replication) and its successful implementation in KakaoPay Securities, the first case of a Korean DB being introduced into the ledger system in the Korean financial market, as well as its incorporation into the safety disaster network of AT&T in the United States and Telus in Canada.Altibase’s CTO Seo Kwang-Ik also elaborated on Altibase\'s hybrid technology, outlining the distinctive features of ALTIBASE V7.3, including a 490% improvement in performance, real-time dualization DDL SYNC, and broadband dualization compression.Altibase expressed its commitment to providing the best data management solutions for everyone in the global era, ensuring continued efforts for satisfaction beyond the current state of achievement.Source: Electronics Times, Reporter Seo Hee-Won shw@etnews.com

Altibase Releases ALTIBASE V7.3, Delivering a New Dimension of Performance and Convenience for Mi...

Seoul, Korea South, 9th Nov 2023, King NewsWire – ALTIBASE V7.3: Mission-Critical SucceedAltibase announced the release of ‘ALTIBASE V7.3’ in September, 2023. ALTIBASE V7.3 is their new product that embodies Altibase’s expertise and technology accumulated over 25 years in the DBMS market.In 2023, Altibase has reached to deploy over 8,000 references from more than 700 enterprise clients, including 22 Fortune Global 500 companies. Altibase has been providing its DBMS services to various clients, including the Daegu Metropolitan Government Integrated Data Center’s DBMS selection and the KakaoPay Securities project in South Korea. Internationally, Altibase has served a wide range of clients, including AT&T, TELUS, and disaster network networks in the United States and Canada.With the release of ALTIBASE V7.3, Altibase introduced the new company slogan “Next, True, Real Time. -ALTIBASE-” and expressed confidence in being a leading player in the next generation high performance RDBMS market.ALTIBASE V7.3, with its new product slogan “Mission-Critical Succeed,” provides in-memory DBMS technology to help companies handle mission-critical tasks, enabling them to rapidly adapt to the trend of IT technology and service market.Mrs. Park, CEO of Altibase, introduced the new product by stating, “Over the past 25 years, Altibase has accommodated the demands of the global market with various experiences and open-source products, and now has returned with the commercial version, ALTIBASE V7.3. We expect it to be a powerful DBMS for customers and clients to easily and quickly process the rapidly increasing data in areas such as big data, IoTs, and artificial intelligence.In addition, Dr. Seo, CTO of Altibase, emphasized, “ALTIBASE V7.3 is a product optimized for the cloud environment, supports the latest technology, and enables seamless migration from other DBMS products. By improving transaction commit methods and eliminating logging bottlenecks, ALTIBASE V7.3 has achieved a significant performance improvement, with up to ‘approximately 490%’ better performance compared to previous versions.”

Turkish Financial Solutions Leader, ATP-Tradesoft, Enhances Stock Order Transmission Speed with A...

Altibase announced that ATP - Tradesoft, a leading financial solutions provider in Turkey, has achieved accelerated stock order processing by replacing its XFront OMS (Order Management System) database management system (DBMS) with Altibase. This strategic move allowed ATP Tradesoft to capture approximately 40% of the market share in Turkey\'s financial stock order management system.ATP - Tradesoft, a prominent software development company in Istanbul, Turkey, specializes in providing technology solutions and services for various industries, including finance, banking, and stock markets. It is renowned for offering advanced technological solutions such as trading platforms, risk management systems, order management systems, and data analytics tools, establishing itself as a frontrunner in Turkey\'s financial market.The previous version of ATP - Tradesoft\'s XFront OMS faced a limitation where stock order transmission through the legacy DBMS took around 200 milliseconds. To overcome this challenge, the next-generation version integrated Altibase, resulting in an impressive improvement, with stock order transmission taking less than 10 milliseconds. Moreover, the high-speed order processing capabilities of XFront OMS now allow ATP - Tradesoft to provide its customers with a favorable buying and selling trading system. Leveraging the platform powered by Altibase, the company can handle millions of order executions per second through compatible modules and engines.Altibase’s Global Sales Director, Richard Nahm, expressed, \"The outstanding performance of Altibase DBMS has been proven in Turkey\'s financial market, solidifying Altibase\'s leading position in the global market. In the future, by combining ATP - Tradesoft\'s efficient solutions with Altibase\'s robust database technology, we will continue to achieve sustained success in financial markets, not only in Asia but also in Europe.\"Source: ZDNet - https://zdnet.co.kr/view/?no=20230718161031Reporter: Nam Hyuk-Woo

Optimized for Clouds Environment, 'Altibase V7.3' Set to Release in August

Releasing Altibase Care Service PackageStrengthening customer service for optimized cloud environmentsAltibase, a leading Korean Database Management System (DBMS) company, announced on the 13th that it plans to release Altibase V7.3 in August. Altibase V7.3 is a DBMS optimized for cloud environments to provide customers with high productivity.Altibase V7.3 has further enhanced reliability through encryption protocols between clients and servers. It also provides Altibase Kubernetes Utilities (AKU), which implements Auto Scale-Out/Scale-In management functions for up to four nodes in cloud environments that use Kubernetes.In addition, to enhance compatibility and convenience for customers, Altibase has developed the PostgreSQL-dedicated Migration Center tool and DBeaver plugin, enabling their use on various platforms. Through these tools, customers can easily perform database construction, management, query writing, data editing, and data migration using a GUI.Recently, Altibase obtained PaaS-Ta 6.0 compatibility verification Level 2, the first in order to enhance the stability and compatibility of their product. They also acquired TTA(Telecommunication Technology Association) cloud commercial operability testing certification and GS certification. Altibase has registered their products on AWS, KT Cloud, Naver Cloud Platform, NHN Cloud, Samsung Cloud Platform, and KaKao I Cloud Marketplace, enabling more customers to receive cloud-optimized solutions.Dr. Seo, the CTO at Altibase, stated, “The enhanced stability and excellent performance of Altibase V7.3 provide the most optimal DBMS that supports customers in achieving the best results by building an efficient data management environment. We will not only provide a DBMS optimized for cloud environments but also strengthen customer services through differentiated services.”

Altibase selected as “Excellent Enterprise Research Institute” by the Ministry of Science and...

Altibase announced on January 10th, 2022, that the Altibase Real-Time Technology Research Center was selected as the “Excellent Enterprise Research Center of 2022” hosted by the Ministry of Science and ICT.The excellent company research institute is selected by the Ministry of Science and ICT and is entrusted by the Korea Industrial Technology Association. Both discover and selected corporate research instituted with excellent R&D capabilities, technological innovation, and activities.The status of an excellent company research institute is maintained for three years, and additional benefits such as preferential treatment when selected for government awards and national R&D projects are given.The background of the selection of Altibase is an enterprise grade high performance DBMS with its domestic technology, which has been recognized as a source of new business opportunities and expansion of existing business by being supplied to areas where data storage and processing needs are rapidly increasing in the fields of big data, AI, and IoT.In addition, It is evaluated that as a result of the operation of Altibase Research Center, it will be possible to create added value by intruding Altibase into various industrial areas and to increase the value of new employment and related business for data processing, analysis, and utilization.Richard S Nahm, director of Altibase, stated, “Altibase will continuously make efforts to achieve economic effects through domestic and overseas market expansion with our domestic DBMS technology.”Source: ZDNet, Nam-Hyuk Woo

Altibase selected as the main DBMS for Kakao Pay Securities' Trading System

Altibase announced that Altibase was selected as the main DBMS (Database Management System) for Kakao Pay Securities\' trading system.Altibase version 7 was introduced to Kakao Pay Securities with improved speed and development convenience. By applying the replication function and the offline replication and adapter functions using the shared disk, it is possible to guarantee high availability and consistency of 99.999% even in the event of a system failure.In addition, it has the effect of reducing the time and cost of integrating with other systems by using various APIs and CDC tools provided by Altibase.Altibase has a market share of over 90% in the Korean in-memory DBMS field and is significantly increasing its market share in the general DBMS field as well. This is the first case of a securities company switching from the foreign DBMS to the Korean DBMS. In this case, Altibase has been recognized for its high performance, stability, and technology in the securities market, which has more than doubled compared to before the COVID19 pandemic.Isaac Seo, director of Altibase, stated, “We will continue to do our best to establish ourselves as a ledger DBMS in the Korean DBMS market, not only in securities companies but also in other financial institutions. With the release of Altibase version 8, Altibse will provide an innovative DBMS to the cloud market.”Source: IT Daily, MBN

'Altibase 7' has obtained PaaS-TA version 6.0-based service compatibility verification Level 2

Altibase announced on July 26th that \'Altibase 7\' has obtained PaaS-TA version 6.0-based service compatibility verification Level 2.PaaS-TA (Platform as a Service TA) is an open cloud platform created through collaboration with domestic companies with the support of the Ministry of Science and ICT and the National Intelligence Service (NIA) in the cloud platform market centered on overseas vendors.In April 2016, the official PaaS-TA version 1.0 Spaghetti was first released, and in February 2022, a new version PaaS-TA 6.0 Anelli was released.Forty companies, including KT, NHN, Naver, and Koscom, have participated in the research and support of PaaS-TA, and currently support various DBMSs and server languages ​​such as Node.js, PHP, Python, and other languages.The PaaS-TA 6.0 compatibility check service that Altibase acquired is a service that checks whether various SWs and services operate in the PaaS-TA environment. After verification, Altibase is listed on the PaaS-TA official website.CTO Dr. Seo Kwang-ik stated that \"Altibase will expand its position in the cloud market by supporting full compatibility with PaaS-Ta. Altibase is responding to users\' demands in order for them to quickly process and analyze vast amounts of cloud-based data.”

Altibase appoints Dr. Kwang Ik Seo as CTO

On April 18th, 2022, Altibase promoted Dr. Kwang-Ik Seo as Chiect Technology Office.Dr. Seo obtained his Bachelor’s/Master’s/Doctoral degrees in computer science from Dongguk University, and it has been over 10 years since he started working for Altibase. As of now, he is a professor at Dongguk University, and in 2020, he received the Minister’s Award in recognition of his outstanding performance in the SW field (R&D) by the Ministry of Science and ICT/IITP.Dr. Seo said, “Altibase has been supplying its hybrid DMBS, developed with its own domestic technology, to various industries for over 20 years, and has been resolving customer grievances. We will continue to show our clients our best performance, features, and quality that we can afford.”

Altibase is deployed for BBVA Online Trading System with its remote support

Altibase has announced that they had deployed for their fifth DBMS case in Europe by establishing online education and remote support system for a Turkish company.The key point is that Altibase did not send its own technical support personnel to Turkey, but received the project via online training with the ATP\'s technical personnel. Altibase’s technical personnel provided technical support for local ATP personnel through remote support in Korea.Altibase signed a partner contract with ATP in Turkey in 2018 and has maintained a cooperative relationship since then. In addition, in 2018, two engineers from ATP in Turkey visited the Altibase HQ to complete the Altibase training program.TradeSoft, a subsidiary of ATP, develops a global trading platform specialized in finance and supplies it to the European financial sector. TradeSoft has more than 300 customers in Turkey and Europe.TradeSoft was able to significantly improve its performance and stability by introducing Altibase DBMS to its online trading system, and based on this, it is actively promoting business for European financial companies including Turkey.Richard Nahm, Marketing/Overseas Sales Director, emphasized, “This project is very meaningful because we were able to do this project without sending engineers overseas.” He also stated that “ATP, a global partner, is steadily conducting new projects every year, and we are expecting to sign at least two new contracts this year.”Garanti Yatrum is a subsidiary of BBVA Garanti Bank, Turkey\'s largest private bank company, and has more than 1 million customers. BBVA was selected as the world\'s best bank by Forbes in 2000, and it is the largest bank in Europe with around 130,000 employees, headquartered in Spain.BBVA is currently expanding digital banking using the internet and mobile and has a network of 9,000 branches in the US, Mexico, Europe, and Asia.