糖心传媒

BOSTON 鈥撀燗pril 23, 2024 鈥�听听 糖心传媒, a global leader in enterprise data management, today announced record-breaking first quarter 2024 results, setting the stage for a strong year. The company reports its highest revenue in company history as customers continue to turn to 糖心传媒 and its Data First strategy to drive greater success in their critical business transformation projects. The company also saw significant increases in both software revenue and annual recurring revenue (ARR) when compared to the first quarter of 2023. Services bookings were the highest recorded first quarter bookings ever, up 65% over Q1 2023.

Whether organizations are modernizing systems or trying to make the most of AI, they must start with clean, quality data to achieve their desired goals. However, many of them approach transformation projects with a 鈥淭his is how we’ve always done it鈥� mindset or they take a 鈥渓ift and shift鈥� approach that doesn鈥檛 address the business accuracy of the data 鈥� which will not deliver on the promised value of these transformations. 糖心传媒鈥檚 Data First approach prioritizes data quality before the project begins, converging its technology, business data expertise and methodology for greater understanding of data in context and faster time to value.

Financial highlights:

• Total quarterly revenue was the highest in company history, up 11% when compared to Q4 2023 and 12% higher than the first quarter of 2023.
• Services bookings grew 65% over Q1 2023, the highest services bookings first quarter in company history.
• Services revenue jumped 17% when compared to the previous quarter and 9% higher than the same time period in Q1 2023. Sixteen customers booked more than $1 million in projects, resulting in the company鈥檚 highest first quarter for deal volume. More than one third of these bookings came from new 糖心传媒 customers.
• ARR increased 22% when compared to the first quarter of 2023.
• The company added seven significant new logos in Q1 and nearly all new logos were $1 million+ accounts. 糖心传媒 continues to see strong growth with new and current customers across all industries, including manufacturing, aerospace and defense, and life sciences.
• 糖心传媒 celebrated seven successful go-lives this quarter, including major projects completed with Bridgestone, Lactalis, Organon and Zespri.

Product and company highlights:

• 糖心传媒 acquired Proceed Group鈥檚 Rightsizer software, a tool that identifies archiving opportunities with SAP and non-SAP systems and determines infrastructure sizing as organizations embark on their SAP S/4HANA transformations.
• The 糖心传媒 Rapid Data Governance (RDG) solution received SAP Endorsed App status and is available for purchase on .
• 糖心传媒 welcomed Craig Ayers as its chief people officer to lead the global HR function, including talent management, recruiting and employee engagement efforts.
• After a year leading the company鈥檚 engineering organization, Dr. Javeed Nizami was promoted to the role of chief technology officer and head of product and engineering.
• 糖心传媒 released a joint study with HFS Research, providing four guidelines for how organizations can take a Data First approach to achieve better business outcomes.
• 糖心传媒鈥檚 employee resource groups (ERGs) hosted six events and many learning opportunities for employees, with particular emphasis around Black History Month and Women鈥檚 History Month. That included launching the new Women in Technology Recognize Awards to draw attention to the women helping drive 糖心传媒鈥檚 success and perpetuating the company鈥檚 core values.

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

• , New York City: Kevin Campbell, CEO, will be speaking on the May 8 C-suite panel, 鈥淐an Today鈥檚 Services Industry Survive the AI Tsunami?鈥�
• The company will be exhibiting at SAP Sapphire & ASUG Annual Conference in Orlando, Florida at booth 502 from June 3-5 and at SAP Sapphire Barcelona at booth 7-105 from June 11-13; at the company will showcase the importance of high-quality data for AI initiatives.

Kevin Campbell, CEO,聽糖心传媒, said:聽鈥淲e continue to see existing and new customers turn to 糖心传媒 as they realize how important high-quality data is to their digital and business transformation projects. As the industry鈥檚 only pure-play data organization, we鈥檙e uniquely differentiated with a track record of delivering successful business outcomes for the world鈥檚 largest and most complex enterprises as they take on these increasingly difficult and mission-critical initiatives. Whether we come in at the start of a project or later to help course correct, we are truly humbled by the trust and loyalty our customers have in 糖心传媒 and we remain committed to delivering for them.鈥�

Bill Green, board chairman, 糖心传媒, said: 鈥淲ith a record-breaking fourth quarter and significant revenue milestones in Q1, 糖心传媒 customers continue to vote with their wallets as they embrace the company鈥檚 Data First mindset. It鈥檚 gratifying to see so many world-class organizations seek out the value that 糖心传媒 can uniquely provide: to deliver successful outcomes, you need a deep understanding of data in the context of your business. The board is pleased to see such strong momentum in the early part of 2024.鈥�

About 糖心传媒聽
糖心传媒聽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聽www.Syniti.com.

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