by Amit Sharma | June 26, 2024

Partnering with Warburg Pincus & Accel on the Next Stage of CData

Partnering with Warburg Pincus & Accel on the Next Stage of CData

Today, we’re announcing a $350 million investment in CData led by Warburg Pincus, with participation from Accel and our existing partner Updata.

Although CData is already a highly successful business capable of independent growth, we recognized the significant value in partnering with Warburg and Accel. Our extensive interactions with their teams made it clear that their support and expertise would greatly enhance our ability to achieve long-term growth and capitalize on the opportunities ahead.

None of this would be possible without the support of our customers and partners. I want to take this opportunity to thank you for your feedback, support, and for pushing us to improve at every step of the journey.

We have come a long way since our founding in 2014. CData's strong engineering and product foundation is the driver behind our high-quality data connectors. As we've grown, we've invested in expanding from this core, creating new enterprise products based on the same connectivity technologies and engineering fundamentals. Data and IT leaders at organizations like Office Depot, Blue Cross Blue Shield and Tesco Bank now rely on CData for critical workloads across their organization. We’ve also seen tremendous momentum partnering with product leaders from organizations like Salesforce and Tableau, who leverage CData connectors to expand integration options natively offered in their product.

The size of this investment and the caliber of our investors are a testament to the strides we’ve made, the potential we hold, and the magnitude of the opportunity ahead of us.

Here is what excites me most about the journey ahead.

Connectivity is the foundation of data management and integration

CData has always prioritized delivering the highest quality data connectors on the market. As we've expanded, we've invested in creating enterprise products built on our connectivity technologies. Our mission is to develop high-value solutions for common data management and integration challenges, including data virtualization and ETL/ELT processes.

We’re focusing on expanding our portfolio of products through both organic product development with CData Sync and CData Connect Cloud, and strategic acquisitions such as Data Virtuality. By leveraging and enhancing our existing connector framework, we can deliver a diverse range of data management products to the market with an unmatched price-to-performance ratio.

These offerings have not only quickly gained traction with customers, but have also been recognized by Gartner and Forrester as strong performers in their respective market categories. We’re excited and continue investing in our product offerings to help organizations of all sizes solve their most pervasive data management challenges.

Product owners’ connectivity needs are becoming more pervasive

With the increasing number of data platforms and enterprise applications used in organizations, product leaders are challenged with meeting customer integration requirements and driving core differentiations in their products. Building and maintaining integrations with a growing number of systems is both time-consuming and expensive.

This challenge isn’t getting easier – it’s only getting more painful. That’s why product leaders are turning to CData to address customer requirements for expanded connectivity instead of trying to build and maintain integrations in-house. Embedding CData connectivity solutions provides immediate ROI by accelerating time-to-market, reducing development costs, and providing a stickier customer experience.

This area of our business has seen tremendous growth over the past few years, and we have several exciting developments in the works that will allow us to more effectively address connectivity challenges for more product providers.

The AI opportunity

We are not alone in believing AI will have a profound impact on this market. We’re already seeing how AI is accelerating numerous areas of our business, but it is still very early. AI advancements are increasing the demand for data access and influencing how modern products are built. To that end, CData is expanding AI capabilities across our products and services to generate faster, more impactful outcomes for our customers.

This is a key area of focus across our company, and given their vast network of AI experts, we’re very excited to be collaborating with Warburg Pincus and Accel to propel AI initiatives.

This by no means is a finish line, but rather a starting point for a new era for CData. We’re excited and grateful for the opportunity ahead.

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