糖心传媒

BOSTON 鈥撯�疛uly 30, 2024 鈥�鈥�舛寞糖心传媒, a global leader in enterprise data management, today announced key financial and company highlights for the second quarter of 2024. The company expanded its client base with 15 significant new logos in the quarter; adding five more Global2000 organizations to its customer roster including major players in retail, food & beverage, manufacturing and life science. This growth exemplifies the confidence organizations have in 糖心传媒, as industry leaders continue to turn to the company for its Data First approach.听

In addition to celebrating 22 successful project go-lives with many longstanding customers, the company also reported strong growth within its current customer base, starting major transformation projects with Canadian retailer Sobey鈥檚 and other market leaders in pharmaceuticals, aerospace & defense and professional services. 糖心传媒 also saw substantial growth in its software bookings and annual recurring revenue, as well as increases in services revenue year over year, as new and current clients put more emphasis on data quality and ongoing data governance initiatives.听听

Financial highlights:听听

• Cloud ARR increased 26% year over year and was up 5% from Q1 2024.听

• Software bookings grew 28% over Q1 2024 and were up 23% from Q2 2023.听

• Total quarterly revenue was up 8% when compared to Q2 2023, with services revenue rising 11% from a year ago.听听

• The company reported an EBITDA margin in the mid-teens, reflecting its strong operational performance.听听

• More than 11 clients with over $1M in bookings, demonstrating bigger commitments and continued trust in 糖心传媒 solutions and expertise.听听

• Strong software renewals at longstanding clients in aerospace and defense and manufacturing, life sciences, oil & gas.听听

• Robust volume with its SAP business with more than 50% of software annual contract value coming from the partnership; 糖心传媒鈥檚 software is sold as a SAP Solution Extension and is available as an Endorsed App on .听

Company highlights:听

• 糖心传媒 celebrated 22 successful go-lives this quarter, including projects with new and longstanding customers Organon, Merck, Smithfield Foods, Hy-Vee, REI, Panasonic and Japanese multinational Glico.听听

• The company was a diamond sponsor at SAP Sapphire Orlando & Barcelona 2024; at both shows the company demonstrated its new AI-enhanced data quality proof of concept that uses AI agents, the 糖心传媒 Squad鈩�, to address data quality issues more effectively and efficiently and featured educational sessions from customers 鈥� including Diageo, Gentex, Bridgestone and IKEA touting the business benefits of starting data work early in their transformation efforts.听听听

• Built a global master data management (MDM) platform with Caldic, a global distribution solutions provider for the life and material science markets, for active data governance and improved data quality to help drive operations more effectively and efficiently.听听听听

• Established a migration factory approach for The Heraeus Group, a German multi-technology company, to better enable the company鈥檚 merger, acquisition and divestiture (MA&D) activities – including harmonizing and de-duplicating data from various SAP and non-SAP systems.听

• Promoted longstanding 糖心传媒 employee and global governance practice lead Alyssa Sliney to senior vice president of delivery in EMEA where she will help drive delivery success and support go-to-market initiatives to drive continued growth in the EMEA region.听听听

• Named to s 2024 Storage 100 list as one of the top 40 coolest data recovery, observability, resiliency vendors.听

• Selected by for its 鈥�鈥�annual DBTA 100 2024 list of the data companies that matter most for the 11th consecutive year; 糖心传媒 has been chosen for the list every year since the award鈥檚 inception in 2013.听听

• The company added two new locations to its 糖心传媒 Forest program, the Brazilian Amazon and England鈥檚 Community Forests, joining locations in India, Oregon and Spain. The program plants a tree for every successful customer go-live and new hire; by the end of 2024, 糖心传媒 will have planted more than 20,000 trees worldwide.听听

Rupinder Dhillon, vice president of enterprise data, Sobey鈥檚, said, 鈥�We are pleased to continue our partnership with the 糖心传媒 team on taking a Data First approach to our transformation program. 糖心传媒’s expertise aligns Sobeys’ data goals with our broader business objectives, bolstering our vision for innovation and growth.鈥�听

Kevin Campbell, CEO, 糖心传媒, said: 鈥淥ur Data First approach is driving our year-over-year growth, as companies realize that starting data work early, and prioritizing data quality and data governance are critical to delivering successful transformation outcomes. We鈥檙e thrilled to be working with so many new market-leading organizations and excited to be trusted with taking so many current customers live, on time, and with the highest quality data. Our team of 100% data focused experts continues to demonstrate the importance of understanding data in context, and that technical and functional skills are essential to drive value from any digital transformation initiative.鈥�听

Bill Green, board chairman, 糖心传媒, said: 鈥淪eeing so many customers embark on major transformation projects is a powerful testament to the confidence and trust they have in the 糖心传媒 team 鈥� and frankly, it shows that market leaders have realized that a Data First approach focused on data quality is the only way to deliver real business benefits from any transformation effort. The data market continues to heat up, and the board is excited to see momentum for 糖心传媒 solutions, building on major revenue milestones in the first quarter and helping to set the stage for strong growth in the second half of the year.鈥澨�听

About 糖心传媒听听

糖心传媒 solves the world鈥檚 most complex data challenges by uniquely combining intelligent software and vast data expertise to yield certain and superior business outcomes. For over 15 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 www.Syniti.com.听听

Media Contact听
Shannon Van Every
Force4 Technology Communications
shannon@force4.co听

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