Disruptive Cloud-Based Analytics Company Poised for Hypergrowth
BOSTON--(BUSINESS WIRE)--#Analytics--ChaosSearch, creator of the first cloud data lake platform for scalable log analysis, today announced it has named Ed Walsh Chief Executive Officer and a member of the Board of Directors. Walsh most recently served as General Manager of IBM Storage division and has successfully led and sold four high-growth starts-ups as CEO. This appointment further fuels the company’s strong growth, as evidenced in its just-announced record Q2 2020.
“Ed is an exceptionally talented leader with proven successes heading both large multi-billion-dollar businesses and innovative start-ups. He has a knack for identifying core game-changing technologies and, more importantly, applying them to solve huge client problems and, ultimately, drive billion-dollar revenue streams. In Ed, we found a leader who can build on ChaosSearch’s momentum and ensure the company delivers the best offerings and client experience. We believe Ed is the ideal candidate to scale ChaosSearch to become the next unicorn in the Cloud and Data Lake space,” said Derek Schoettle, ChaosSearch Board member.
“The decision to leave IBM was extremely difficult for me, but the decision to join ChaosSearch was very easy,” said Walsh. “Once I saw the unique and innovative approach they take to enable 'insights at scale' within the client’s own Cloud Data Lake and slash costs, I knew I wanted to be part of this company. I’ve been extremely impressed with how easily ChaosSearch instantly turns a customer’s cloud object storage into a fully indexed, searchable and queryable database. The implications for this are tremendous.”
Walsh added, “The first use case for this technology, log analytics, highlights the disruptive nature of the solution. Unlike the myriad of log analytic services or roll-your-own solutions based upon the Elastic/ELK stack, ChaosSearch has a ground-breaking, patent-pending data lake engine for scalable log analytics that provides breakthroughs in scale, cost and management overhead, which directly address the limits of traditional ELK stack deployments but fully supports the Elastic API. This revolutionary solution makes it as easy to get insights out of data as it is to store data in AWS S3 or, soon, Google Cloud. It is also instrumental to mission-critical use cases like cybersecurity. Clients have enjoyed up to 80% cost savings with very little effort. It’s a winning combination.”
Founder and CTO Thomas Hazel commented, “We are so honored to have someone of Ed’s caliber join ChaosSearch. As a veteran of the data space and coming from running a large P&L at IBM, he has the experience and vision to enable us to very rapidly scale to meet customer demand we are seeing.”
“ChaosSearch is delivering on the initial promise of a data lake with a new approach that delivers ubiquitous data access to all data no matter the size, speed, or scale,” said Mike Leone, Senior Analyst at Enterprise Strategy Group (ESG). “They’ve rethought data indexing by utilizing a new distributed database to discover, normalize, and index data autonomously. And through a multi-model universal data format, organizations are slashing cloud storage costs by reducing the size of cloud-resident information while still fully indexing it. Put it all together and ChaosSearch has turned cloud object storage into a first-class citizen.”
“I’m super excited to have had the opportunity to recruit Ed over to ChaosSearch to help drive the next phase of our growth,” said Les Yetton, founding CEO. “The timing couldn’t be better for Ed to join us as we’re seeing that our bet is paying off with huge upticks in customer adoption.”
Walsh is a proven business builder and serial entrepreneur. He has 28 years of high-impact, executive-level experience with multi-billion dollar public, as well as private and venture-backed, companies. Walsh served as GM/SVP at IBM and EMC. In addition, he was CEO of four startups that he led through exponential growth and acquisition, including Avamar and Storwize. Walsh earned an MBA from the Massachusetts Institute of Technology.
For information about the ChaosSearch solution, download this whitepaper.
ChaosSearch delivers on the true promise of data lakes, instantly turning a company’s own cloud object storage into a hot, robust, streamlined data analytics engine, where it is as simple to generate insights from the lake as it is to push data into it. Implemented today as a data lake engine for scalable log analysis on Amazon S3, ChaosSearch is an ELK-compatible, highly secure, fully managed service that scales to petabytes of data, quickly and at disruptively low cost. The privately held company is based in Boston, MA and backed by .406 Ventures, Glasswing Ventures, and Stage 1 Ventures. For more information, visit ChaosSearch.io or follow on Twitter @ChaosSearch and LinkedIn.
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