PALO ALTO, Calif.–(BUSINESS WIRE)–Denodo, the data management leader, today announced that revenue from its subscription licenses increased more than 50% year-over-year as the company is poised to become a 100% subscription-based business. While new customer acquisitions and existing customer expansion remained strong and steady year-over-year, Denodo’s presence in the cloud market saw the fastest growth with over 300 deals in 2021.
The positive sentiment of Denodo customers towards its products, services and support was again captured in the Gartner Peer Insights reviews and as a result, Denodo was again recognized as the customer’s choice in the Gartner Peer Insights “Voice of the Customer”: Data Integration Tools, January 28, 2022. With an overall rating of 4.4 out of 5, Denodo is one of only three Gartner® Magic Quadrant™ for Data Integration Tools Leaders to receive Customers’ Choice for 2022 and is the third largest integration vendor highest rated data in the report. Denodo also positioned itself as a Leader for the second consecutive year in the 2021 Gartner® Magic Quadrant™ for Data Integration Tools. During the same year, Denodo customers and the Denodo platform received numerous awards and accolades, such as the TDWI Best Practices Award, the Ventana Research Digital Leadership Award, and the DBTA Readers’ Choice Awards, for n to name a few.
In 2021, Denodo added significant brands to its already stellar global client list, including Credit Suisse, Deutsche Bank, Toyota Financial Services, Johnson & Johnson and Goldwind. During the same period, Denodo Platform version 8, which was launched in 2020 to provide enterprises with the ability to deploy an enterprise-grade logical data structure, added some major features, including AI and recommendations. and advanced semantics. These new additions help enterprise data and analytics teams automate frequently used data management functions, improve collaboration between data stewards and business users, and secure access to data.
The company has expanded its global presence to 25 offices in 20 countries, including new offices in South Korea, Sweden, the Netherlands and Belgium. During the same year, strategic alliances in technology and consulting also intensified, marked by a 56% increase in new partnership agreements signed and significant growth within current partnerships, resulting in an increase of 192 % of revenue from this important channel.
“Every company rooted in data-driven business decision-making realizes that it is impractical to move all of their data into a single repository such as a cloud data lake or cloud data warehouse,” said Angel Viña, founder and CEO of Denodo. “This is exactly why they chose Denodo Platform to build their logical data structure to integrate, manage and deliver their business data to business stakeholders. We thank our partners and customers for their continued support for our platform and we look forward to helping hundreds of new customers looking to make insight-driven business decisions and support their enterprise data across cloud and regional boundaries.
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Denodo is a leader in data management. The award-winning Denodo platform is the leading data integration, management and delivery platform using a logical approach to enable self-service BI, advanced analytics, hybrid/multi-cloud integration and enterprise data services. Realizing over 400% return on investment and millions of dollars in profit, Denodo’s large and midsize business customers in over 30 industries have paid for themselves in less than 6 months. For more information, visit www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.