Tech

Fivetran extends market leadership position; more than double revenue in 2021 –

Multiple acquisitions, customer growth, enterprise grade product innovation is a great year

Fivethe world leader in modern data integration, today announced another year of significant growth, expanding its market leading position. In 2021, the company achieved HVR and Teleport Data, more than doubling its revenue and increasing its customer base by 75 percent. Fivetran’s customer roster includes thousands of global companies such as ASICS, Condé Nast, Hermes Group, Lufthansa, Nando’s, Okta, Square, Thomson Reuters and WeWork. In September, the company raised $ 565 million in Tier D financing, reaching a $ 5.6 billion valuation when the HVR acquisition was terminated.

Over the past 12 months, usage by Fivetran customers has increased rapidly, doubling the total number of volume-synchronized connectors in a given month, and now totals more than 100,000 connectors. As the most trusted data platform, Fivetran manages an average of over 1.2 million schema changes each month with a 99.9 percent guaranteed platform and data delivery uptime.

“We have made significant progress this year in advancing our mission of making data access as simple and reliable as electricity by acquiring HVR and Teleport data,” said George Fraser, CEO of Fivetran. “Together our technologies help enterprises solve the twin challenges of database replication and modernize analytics both in the premises and in the cloud so they can make the most of their data and drive business decisions that impact revenue. ”

Data is the pulse of the digital economy. Just like how electricity or oil is essential to running real-world businesses, data pipelines enable businesses to get more of their data working. Fivetran is a cloud data integration service that manages data pipelines for the largest companies in the world. Le automatically adapt pre-built connectors as schemes and APIs change, Fivetran provides instant access to more than 3.5 trillion sets of data every month. The company allows organizations, from enterprises to fast-moving start-ups, to quickly centralize and convert data from SaaS and on-prem data sources to high-performance cloud destinations. As a result, customers are able to significantly increase operational efficiency and accelerate data analysis for critical business decisions.

“WeWork’s investment in Fivetran to centralize our data architecture and modeling has paid off tenfold,” said Lucianne Millan, Senior Data Engineering Manager, WeWork. “Our leadership team is confident that the data they work with is up-to-date and accurate, helping us build a powerful data culture across WeWork.”

Fivetran made great strides in supporting entrepreneurial organizations in 2021, including the Get an HVR, the leader in real-time database replication. Fivetran also eliminated key aspects of enterprise security with its introduction Fivetran Business is crucial, offering the highest level of protection for sensitive data. Fivetran is available to enterprises on a global scale, running in Google Cloud Platform (GCP), Amazon Web Services (AWS) and Microsoft Azure across 16 regions.

In January 2022, Fivetran did Announced Fivetran Transformations for dbt Core, one of the most popular open source transformation frameworks in the data analytics community. The integration delivers new features to help companies simplify the complexities of the modern data stack, reduce costs through ELT (load-load-transformation) automation, and accelerate data-based decisions.

Fivetran pipeline is maintained by a globally distributed team of hundreds of software and customer success engineers available 24/7/365. Fivetran’s customers receive world – class support, as evidenced by the company’s 94 per cent customer satisfaction score in the industry.

Fivetran continued to grow its international presence in 2021. The company more than doubled its EMEA revenue and customer count, and was appointed two new senior executives leaders to lead enterprise growth in the EMEA and APAC regions. it too announced the opening of new office and cloud region in Singapore, continuing the company’s expansion in APAC, and enabling Fivetran to provide customer support across all regions. Fivetran increased revenue and doubled its customer base across APAC in 2021.

“We believe that Fivetran’s growth remains unabated as the company provides a proven solution to a difficult data management problem just as businesses experience exponential growth on data driven by the global economy for the first time,” said Martin Casado, General Partner at Andreessen Horowitz. “Fivetran serves as the central foundation for the modern data stack, and now, with the addition of HVR, it is without a doubt the leader in data movement. Given the overall market that can reach organizations that need to maximize the use of their data and data infrastructure, the company is in a very commendable position. ”

Gartner reports The Data Management Software market is projected to grow to $ 12.6 billion by 2025. Fivetran continues to be recognized throughout this fast-growing industry – including all major cloud data warehouse vendors – as the best data mobility provider in the modern data stack.

In 2021, it expanded ecosystem-wide partnerships to deliver new integration for customers including: Fivetran Support for Data bricks on GCP, An AWS-specific deployment of Fivetranand the ability to deploy Fivetran within Azure. Fivetran also offers multiple integration with Google Cloud Platform. In addition, Databricks recognized Fivetran for the second year in a row as Databricks exceptional partner. The company is recognized by top analyst firms in the industry including Gartner and nominated to the 2021 Gartner Magic Quadrant for Data Integration Tools for the second year in a row.

Over the past year, Fivetran has expanded its global staff to around 1,000 employees. He has been named winner of numerous awards recognizing the company’s strong culture and significant business growth. The 2021 prizes include the The Best Places to Work for Parents by Great Workplace; Built In 2022 100 Best Workplaces in the Bay Area and Colorado; Comparable awards for Best Company Culture, Employee Compensation & Happiness. CEO George Fraser was nominated San Francisco Business Times 40 Under 40and Fivetran was given to the Forbes cloud 100, Deloitte Fast 500 and Inc. 5000 in the year 2021.

Fivetran extends market leadership position; more than double revenue in 2021 –

Source link Fivetran extends market leadership position; more than double revenue in 2021 –

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