PALO ALTO, CA, August 28, 2013 – Denodo Technologies, the independent leader in data virtualization, today announced that it has experienced double digit revenue growth fueled by a substantial rise in the number of new customers and solutions. With significant vertical market adoption in Defense and Government, Banking, Financial Services and Insurance, Retail and Information Services and with extensive geographic expansion, Denodo continued to attain positive cash flow and profitability.
The Company achieved greater than a 30% increase in average contract value for data virtualization projects driven in part by a higher percentage of customers choosing Denodo’s attractive Enterprise Unlimited Licensing option. Nearly all of Denodo's customers renewed maintenance and/or expanded their initial projects to include upgraded servers during the first half of its fiscal year. New customer engagements and partnerships also contributed significantly to Denodo's worldwide growth. More specifically in the first six months:
“As the only independent leader in data virtualization, Denodo has an exceptional opportunity and responsibility to help not only our customers and partners, but the information management community at large to realize the full benefits of data virtualization," said Angel Vina, founder and CEO of Denodo. “While other vendors have been absorbed or limited their focus on a particular integration style to support BI, ETL or network services, Denodo continues to show traction across key industries and geographies and leads the market in the broad and scalable use of data virtualization.”
Denodo is the leader in data virtualization – providing unmatched performance, unified access to the broadest range of enterprise, big data, cloud and unstructured sources, and the most agile data services provisioning and governance – at less than half the cost of traditional data integration. Denodo’s reference customers in every major industry have gained significant business agility and ROI by creating a unified virtual data layer that serves strategic enterprise-wide information needs for agile BI, big data analytics, web and cloud integration, single-view applications, and SOA and RESTful linked data services. Founded in 1999, Denodo is privately held. For more information, visit www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.