NEW YORK / Globe Newswire / September 23, 2016 – Gridsum Holding Inc. (Nasdaq:GSUM), a leading provider of sophisticated data analysis software based in Beijing, China, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. This is the fourth China-based company to list on Nasdaq in 2016.
Gridsum’s proprietary distributed data architecture allows its customers – mainly multinational and domestic enterprises and government agencies in China – to efficiently collect and analyze vast amounts of structured and unstructured data. Gridsum’s solutions analyze data from approximately 61 million internet and mobile sessions per day from users operating on over 233 million desktop and mobile devices.
“Gridsum is among one of the first data intelligence companies in China that build solutions entirely on a distributed data warehouse architecture using the open source Hadoop framework,” said Guosheng Qi, Co-Founder, Chairman and CEO at Gridsum. “Since our founding in 2005, we have devoted significant resources in R&D to provide our customers comprehensive business intelligence solutions. Today’s listing on Nasdaq validates our leading position in advanced analytics, and further carries our success in data processing internationally.”
“The ability to efficiently capture, analyze and take actions on data is key to organizations of all types to stay competitive,” said Bob McCooey, Senior Vice President, Listing Services, Nasdaq. “We congratulate Gridsum on another milestone of the company and look forward to supporting their commitment in developing breakthrough technology in the era of big data.”
Source: NASDAQ, Inc.
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