Denodo Continues Strong Momentum with Double-Digit Revenue Growth and Global Expansion in Asia PacificDenodo Opens Singapore Office amid Growing Demand for Data Virtualization
PALO ALTO, CA, August 1, 2017 – Denodo, the leader in data virtualization, continued its strong 2016 momentum into the first half of 2017. Denodo’s year-over-year Q2 revenue grew 128%, bolstered by strong customer acquisition in North America, Europe, and Asia, while continuing steady profitability. Denodo also opened a new office in Singapore, as the company increases its focus on the Asia Pacific market amid growing demand for data virtualization technology.
“I am very pleased with the robust worldwide revenue growth, and thrilled to announce the opening of our Singapore office," said Angel Viña, founder and CEO of Denodo. “We have many customers in the Asia Pacific region, thanks to the reselling efforts by our strong partner network. With our new Singapore office, we will not only be helping our Asia Pacific partners to be more successful, but we will also be directly marketing and selling our product alongside their products.”
In 2017, Denodo added customers across a wide range of industries such as manufacturing, higher education, banking, real estate, insurance, and the public sector. Some of the notable customers include a Fortune 100 American multinational financial services company that offers world-class charge and credit cards, travel, personal savings and more; a Fortune 500 world renowned credit card company; a global hospitality and entertainment company; a globally known Canada-based life insurance company; a UK-based public sector department; an Australian public sector department; a Netherlands-based asset management firm; and one of the largest telecommunications operators in Japan, and many others.
The Denodo Platform, and its customers, continue to receive significant recognition among leading analysts, as data virtualization becomes a dominant data integration approach. Recently Markets and Markets, a prominent Asian market research firm, placed Denodo in the Vanguard (Leaders) quadrant. In March, Gartner named Denodo customer Autodesk as the finalist for the Gartner Excellence Award in the Best Data Management and Infrastructure category. Also, Autodesk won the 2017 CIO100 Award for its successful business transformation using data virtualization as a logical data warehouse. Recently, two other Denodo customers, Ultra Mobile and Asurion, were honored with the 2017 TDWI Best Practices awards. These prestigious awards signify the tremendous business value these Denodo customers are realizing using the Denodo Platform.
The Denodo Platform 6.0 represents a significant breakthrough in data integration technology and accelerates the adoption of data virtualization across cloud, big data, the IoT, and many other enterprise data integration scenarios. Also, the platform enables business users to leverage self-service data discovery and exploration. A free 30-day trial subscription of the Denodo Platform is now available on AWS so companies can immediately begin to realize the value of data virtualization.
Denodo recently announced that HGGC, a Palo Alto based middle market private equity firm, invested in the company.
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Denodo is the leader in data virtualization providing agile, high performance data integration, data abstraction, and real-time data services across the broadest range of enterprise, cloud, big data, and unstructured data sources at half the cost of traditional approaches. Denodo’s customers across every major industry have gained significant business agility and ROI by enabling faster and easier access to unified business information for agile BI, big data analytics, Web, cloud integration, single-view applications, and enterprise data services. Denodo is well-funded, profitable, and privately held. For more information, visit http://www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.