Company
Date Published
Author
Dillon Pinto
Word count
1215
Language
English
Hacker News points
None

Summary

Xignite has partnered with YugabyteDB to power its technology infrastructure and meet the current and future data needs of its financial services and fintech customers. Xignite uses YugabyteDB to manage market data in the cloud, distribute it from the cloud, and provide it through cloud APIs and microservices licenses. The company serves over 750 global customers, including financial services organizations and fintech companies. Xignite's time series data engine requires a scalable database that can handle massive requests, low latency, and high availability. To overcome scaling challenges with legacy relational databases, Xignite implemented data sharding and distribution in the application layer. However, this approach introduced brittleness and complexity. YugabyteDB was chosen as the solution for its scalability, performance, and cost-effectiveness. The database offers better sharding, simplifies applications, and provides zero downtime upgrades and scaling. With YugabyteDB, Xignite achieved 50% cost savings compared to SQL Server implementation and can store more data and scale faster.