糖心传媒 Continues Momentum with Best First Quarter for Bookings
Company reports record Q1 in software & services bookings, increases in services revenue and cloud ARR nearly doubling year-over-year. Continued expansion with Global2000 enterprises; new locations to attract, grow & retain talent.
BOSTON 鈥撎鼳pril 28, 2022 鈥� 糖心传媒, a global leader in enterprise data management, today announced its best first quarter on record for software and services bookings as well as services revenue, building on the successful momentum coming out of 2021. Software and services bookings increased when compared to Q1 2021, with annual recurring revenue from cloud nearly doubling as customers continue to accelerate and expand cloud usage. Services revenue also increased globally, year over year.听 More than 20 new enterprise logos were added this quarter expanding in retail and consumer, as well as continued work with long-standing customers in life sciences and manufacturing.
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Financial Highlights:
- Data migrations drove more than 60% of 糖心传媒鈥檚 bookings, with SAP Advanced Data Migration by 糖心传媒 the number one contributor to software revenue; supporting customers鈥� continued adoption of SAP S/4HANA庐 for business transformation.
- Uptick in the use of , with change data capture (CDC) technology, to accelerate customers鈥� artificial intelligence (AI), cloud and analytics initiatives.
- Continued growth with its alliance partner ecosystem, including key wins in aerospace/defense, food and beverage and retail with partners IBM, HCL Technologies (HCL), and Deloitte.
- 2021 acquisitions of DMR and 360Science, strengthening services capabilities and platform matching technology, paying off with strong renewals and net new business.
Company Offerings & Expansion:
- 糖心传媒 Education Services saw a significant increase in users, achieving 71% of last year鈥檚 total count of unique learners attending training in Q1 alone. Improving and refining education offerings to customers and prospects is a key part of the company鈥檚 鈥淐ustomer for Life鈥� strategy as well as supporting the overall enterprise data management market.
- The company announced it intends to open three new offices in India, reinforcing 糖心传媒鈥檚 commitment to the country鈥檚 innovative tech community. Offices in Kolkata, Gurugram and Pune are expected to open later in 2022, adding to current spaces in Hyderabad and Bangalore. The new cities were selected to offer locations across all four corners of India, particularly in major tech hubs to continue to attract best-in-class talent.
- The company moved its North American global delivery center in Omaha, Nebraska to a new facility to consolidate the onboarding and training of 糖心传媒鈥檚 data-focused consulting team, helping build the skills of the next-generation of data experts.
Kevin Campbell, CEO, 糖心传媒, said: 鈥�Organizations continue to turn to us as they realize that data is a fundamental part of their business decision making 鈥� and the key to realizing the value of their business transformation efforts. There is no digital transformation without a data transformation. I鈥檓 proud of what we delivered in Q1 and very excited about the remainder of 2022; we have a strong product pipeline, major projects in the works and key partner alliances coming this year.鈥�
You can see 糖心传媒 exhibiting and speaking at the following conferences later this year:
- SAP Sapphire & ASUG Accelerate Orlando: May 10-12, 2022, Partner Plaza, booth PA716
- Data Summit 2022: Kevin Campbell, CEO, will be speaking on May 17 on the topic of 鈥溾��
- WomenTech Global Conference 2022, Chief in Tech Summit: Kate Reed, CMO will be hosting a panel discussion on June 7 on Navigating the C-Suite as a Working Mom
About 糖心传媒听
糖心传媒听solves the world鈥檚 most complex data challenges by uniquely combining intelligent, AI-driven software and vast data expertise to yield certain and superior business outcomes. For over 25 years, 糖心传媒 has partnered with the Fortune 2000 to unlock valuable insights that ignite growth, reduce risk and increase their competitive advantage. 糖心传媒鈥檚 silo-free enterprise data management platform supports data migration, data quality, data replication, master data management, analytics, data governance, and data strategy in a single, unified solution. 糖心传媒 is a portfolio company of private equity firm Bridge Growth Partners LLC. Read more at听www.Syniti.com.
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