|[February 16, 2017]
Talend Makes Big Gains with Large Enterprise Customers - Adds 130 New Logos in Q4
a global leader in cloud and big
data integration software, announced that it reached a milestone of
1500 active customers in Q4 2016. The new customer wins in Q4 2016
included a large telecommunications provider, the world's largest
insurance company, two of the top 10 pharmaceutical companies, and one
of the world's largest multinational consumer goods companies. Talend
also announced Q4 2016 record revenue of $30.5M, which represents the
eighth consecutive quarter of accelerating revenue growth.
"We are gaining a strong reputation as the go-to company for modern big
data and cloud integration and this is driving our rapid growth," said
Mike Tuchen, CEO, Talend. "The data needs of large enterprises have
changed dramatically. Success is now measured by how quickly companies
can adopt new technologies and platforms to help them drive
organization-wide data-driven insights. Ultimately, it is this agility
that Talend enables."
Research by IDC (News - Alert) notes, "Data is becoming massively distributed between
on-premises, hybrid, and cloud environments; organizations will not want
to buy two different products, or py for software under two different
license models or, even worse, have to maintain multiple code bases
depending on where data is. Data integration solutions that run
on-premises should be easily portable to the cloud and vice versa."1
Revenue from Talend's cloud and big data solutions grew over 100 percent
year-over-year for the eighth consecutive quarter. Further underscoring
its momentum with enterprise class customers, since January 2015, Talend
has more than doubled the number of clients it has with annual
subscription revenue of more than $100K.
Recent customer wins were noteworthy in terms of both company size and
breadth of industries they encompass. Talend added net-new customers in
telecommunications, IT and education, and expanded existing
relationships with a number of customers, including a large
pharmaceutical firm, one of the world's largest fast food chains, and HP.
"We are seeing increased demand from enterprise organizations for
emerging big data and also cloud-related software and infrastructure
products and services to drive digital transformation initiatives and
improve business efficiency," said Matt Aslett, research director, Data
Platforms and Analytics, 451 Research (News - Alert). "Talend is well positioned with
its data management and data integration expertise, along with its
growing cloud business, to benefit from the confluence of these trends."
For more information on Talend's market momentum and customer
references, visit www.talend.com
or listen to a replay of its Q4
year-end results here.
Like this story? Tweet this: #DataIntegration company @Talend sees big
gains in Q4 as companies expand further into #bigdata and #cloud - http://bit.ly/2kerC3S
Talend (NASDAQ:TLND) is a next generation leader in cloud and big data
integration software that helps companies become data driven by making
data more accessible, improving its quality and quickly moving data
where it's needed for real-time decision making. By simplifying big data
through these steps, Talend enables companies to act with insight based
on accurate, real-time information about their business, customers, and
industry. Talend's innovative open-source solutions quickly and
efficiently collect, prepare and combine data from a wide variety of
sources allowing companies to optimize it for virtually any aspect of
their business. Talend is headquartered in Redwood City, CA (News - Alert). For more
information, please visit www.talend.com
and follow us on Twitter (News - Alert): @Talend.
1 "Worldwide Data Integration and Integrity Software
Market Shares, 2015: Year of Big Data and the Emergence of
Self-Service," by Stewart Bond, IDC Research, June 2016.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170216005407/en/
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