How dailyVest Powers 401(k)s with SingleStore Helios and Improves Application Performance by 30%

dailyVest, a FinTech company, developed a platform to improve investment and performance reporting for recordkeepers, plan sponsors, and plan participants. The company's executive management team has a long history in the financial services industry and previously founded an industry-respected retirement products software company, Viga Technologies. dailyVest's first project was a commercial engine that calculated a plan participant's investment performance based on their transaction history and resulting cash flows. The company needed to move its platform from Azure SQL to a cloud-based infrastructure due to scalability and cost issues. After evaluating several options, dailyVest chose SingleStore Helios, which offered improved performance, scale, and agility without the headaches of installing and maintaining software. With Singlestore Helios, dailyVest achieved substantial performance improvements, ranging from 12.4% up to 94.5%, a 35% reduction in total cost of ownership, and improved data security. The company is now looking forward to the 7.5 update for SingleStore Helios, which will add functionality such as storage and compute separation, resource pools, point-in-time recovery, UPSERT operations on columnstores, and more.

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