糖心传媒

BOSTON 鈥撀燗pril 25, 2023 鈥� 糖心传媒, a global leader in enterprise data management, today announced key financial and company highlights for the first quarter of 2023. The company delivered its strongest first quarter on record for software bookings as well as the highest services revenue in company history.

First-quarter software bookings grew 22% when compared to the same time period last year. Software bookings were also higher in Q1 than in the previous quarter, which is typically the largest quarter for enterprise software sales. Cloud annual recurring revenue grew 43% compared to the fourth quarter of 2022. 聽Services revenue was up 9.5% in comparison to 2022, and nearly 8% higher than the fourth quarter of 2022. Revenue was driven by continued dominance in life sciences & pharmaceuticals, as well as growing relationships with partners like SAP.

Financial & Solution Highlights:

• 糖心传媒 celebrated 30 successful go-lives with longtime customers in a variety of industries, including life sciences, pharmaceuticals, manufacturing and retail.
• The company added nine significant logos in the quarter, closing deals with some of the world鈥檚 largest companies, including three new Global2000 logos in manufacturing and oil & gas. All new customers are multi-billion-dollar global brands; the company continues to see complex digital transformations as well as mergers, acquisitions and divestures as key drivers for company growth.
• Eight deals were for the company鈥檚 latest cloud-native software product, the 糖心传媒 Knowledge Platform, which is resold by SAP through its Solution Extension program as SAP Advanced Data Migration and Management.
• Strong customer renewal rates globally, with 105% net retention rate with customers; validating the company鈥檚 strategic renewal approach and focus on continued customer success.
• The launch of a new tool for businesses using SAP Solutions, Data Assessment Express, to identify business upside and data cost savings with accelerated data quality insights.

Company Highlights:

• Ragunath Ramanathan, global chief revenue officer for SAP Business Technology Platform organization, joined the 糖心传媒 Board of Directors and the company鈥檚 audit committee as Board Observer.
• Successful completion of the as per the Federal Information Security Modernization Act, providing additional confidence in the security of the company鈥檚 cloud offering as well as SOC2, Type 2 security certification. Both compliance certifications ensure that 糖心传媒 clients have confidence that their data is protected by the highest levels of security protocols and procedures.
• For the second consecutive time, 糖心传媒 received SAP庐 Software Partners gold-level certification for enterprise support integration. This award, valid for two years, is granted to SAP-certified partners who demonstrate excellence across various customer support functions and receive a high overall customer satisfaction rating.
• The release of a global study of C-suite executives, , by HFS Research in conjunction with 糖心传媒, on the current state of data management and how to overcome data quality challenges.
• Updates to the company鈥檚 Environmental, Social & Governance initiatives including announcing that its 糖心传媒 Forest program has now planted more than 10,000 trees since its inception in 2021. The program plants a tree in forests in India, Spain and the United States for every new hire and successful customer go-live supporting sustainable forestry and reducing the carbon footprint. The company also released a new global code of conduct to underscore its commitment to doing business with ethics and integrity.

Kevin Campbell, CEO, 糖心传媒, said: 鈥淒ata management remains a key enabler of digital business strategy, and success is contingent on accurate, quality data. Our team thrives on doing the hardest work in data, solving the most complicated problems and delivering 100% of the time for our clients and partners. I鈥檓 particularly pleased to see us expand with the Global2000 and land some of the 鈥榖iggest of the big鈥� companies as new clients.鈥�

Bill Green, Chairman of the Board, 糖心传媒, said: 鈥溙切拇�媒 offers a unique and compelling value proposition, bringing together intelligent, automated software with considerable data expertise to drive exceptional business outcomes for its customers. The board is pleased to see the world鈥檚 largest companies continue to turn to 糖心传媒 as they realize the importance of treating data as a critical asset for business transformation, especially in a challenging market environment.鈥�

You can see 糖心传媒 exhibiting and speaking at the following conferences later this year:

• May 16-17, 2023, Booth 406
• HFS Horizons Summit, New York City: Kevin Campbell, CEO, will be speaking on the May 16 conference panel,
• : May 24-25, 2023, Booth 7902

About 糖心传媒聽
糖心传媒聽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聽www.Syniti.com.

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