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CHAPEL HILL, N.C.--(BUSINESS WIRE)--Nov 21, 2024--
CData Software, a leading provider of data connectivity solutions, today announced it ranked on the Deloitte Technology Fast 500 ™ for the third consecutive year. This prestigious list, now in its 30th year, ranks the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.
CData co-founder and CEO Amit Sharma attributes the company’s growth and profitability in 2024 to rising demand for modern data connectivity and CData’s strengthening partnerships with top technology providers such as Salesforce, Google, and UiPath. As organizations deepen their focus on AI integration, real-time data connectivity has become essential for maximizing AI-driven outcomes. CData’s solutions bring industry-leading innovation to ensure seamless, dependable data access across all levels of an organization, powering GenAI and advanced analytics.
“For the third consecutive year, recognition by Deloitte underscores our ongoing success and the impact we’re making in providing enterprises with better access to the data driving their businesses,” Sharma said. “With AI transforming industries, our commitment to advancing data connectivity is more critical than ever as we enable our partners and customers to unlock the full potential of their AI initiatives and thrive in an increasingly data-centric world.”
A Milestone Year for CData
CData’s recognition in the Fast 500 marks another major milestone in what has already been a pivotal year for the company. This summer, CData secured approximately $350 million in growth capital to strengthen its leadership in data integration and connectivity solutions, as AI adoption increases the demand for real-time data access. Earlier this year, CData announced its acquisition of Data Virtuality to expand the company’s reach in the data virtualization market, enabling its customers to benefit from an enterprise data virtualization and integration platform purpose-built for real-time access to large volumes of data.
With over 7,000 organizations relying on CData to tackle challenges like data sprawl, security risks, and modernization, the company has become an essential partner for businesses seeking to advance their data-driven initiatives. CData remains committed to expanding its product offerings, operational capabilities, and go-to-market capacity to support the needs of enterprises navigating today’s data landscape.
In addition to its ranking on the Deloitte Technology Fast 500™, CData has received multiple recognitions throughout 2024, further demonstrating the company’s strong momentum and influence in the industry. These include:
About the 2024 Deloitte Technology Fast 500™
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About CData Software
CData Software is a leading provider of data access and connectivity solutions. Our self-service data products and connectivity solutions provide universal access to live data from hundreds of popular on-premises and cloud applications. Millions of users worldwide, including Salesforce, Office Depot, and Holiday Inn, rely on CData to enable advanced analytics, boost cloud adoption, and create a more connected business. Consumable by any user, accessible within any application, and built for all enterprises, CData is redefining data-driven business. Learn more at www.cdata.com or reach a representative via email at info@cdata.com.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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CONTACT: PR Contact:
Walker Sands for CData Software
cdata-pr@walkersands.com
KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA
INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY TELECOMMUNICATIONS SOFTWARE ARTIFICIAL INTELLIGENCE INTERNET HARDWARE
SOURCE: CData Software
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PUB: 11/21/2024 09:00 AM/DISC: 11/21/2024 09:02 AM
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