Success Based on Strong Adoption by Large Enterprise Companies and
Ability to Expand within Existing Customer Base
REDWOOD CITY, Calif.--(BUSINESS WIRE)--May 22, 2017--
a global leader in cloud
data integration software, announced that revenue grew 44 percent
year-over-year to $32.9 million in Q1, which was driven by new wins with
large enterprise customers, growth in international markets, and the
successful execution of its land-and-expand strategy. New customer
highlights include two large, global enterprises that turned to Talend
to manage increasing data volume, variety and velocity, as well as a
large private Ivy League university that chose Talend to help streamline
its move to the cloud.
“In the first quarter, we saw a 60 percent increase over the same period
last year in the number of enterprise customers with over $100,000 per
year in annualized subscription revenue,” said Mike Tuchen, CEO, Talend.
“I believe our success during the quarter underscores the market shift
to cloud and big data platforms where Talend offers a clear competitive
advantage and can support companies as their data needs continue to
evolve to support more users and more advanced use cases.”
In addition to success in the U.S., Talend is continuing to enjoy
success internationally. During the quarter, Talend secured a new
agreement with a leading UK retailer to manage and consolidate customer
data following a merger. Talend also expanded its relationship with TESCO,
the fifth largest food retailer in the world. TESCO is expanding its use
of Talend to create a standard product catalog to optimize inventory and
supply chain management.
In the Asia Pacific region, Qudos
Bank in Australia, an existing customer, increased its use of Talend
to support a migration of its core banking system that will change
fundamental aspects of the bank’s operations – from its backend systems
to the digital experience it offers customers. As announced in Q3,
Talend added HP
Inc. as a new logo helping to support their new Hadoop-based
Enterprise Data Warehouse project. In Q1, HP extended their relationship
with Talend, adding more users to support a second phase of projects as
part of their initiative to build a new, modern IT infrastructure.
Reinforcing Talend’s ability to “land-and-expand” within its customer
base, Q1 was the twelfth quarter in a row that Talend earned a net
dollar expansion rate of over 120 percent on a constant currency basis.
For more information on Talend’s market momentum and customer
references, visit www.talend.com
or listen to a replay of its Q1 results here.
Like this story? Tweet this: #DataIntegration company @Talend makes it 9
consecutive quarters of 100% growth in #bigdata and #cloud TLND – http://bit.ly/2kerC3S
is a next-generation leader in cloud and big data integration software
that helps companies make data a strategic asset that provides realtime,
organization-wide insight into customers, partners, and operations.
Through its open, adaptive, and unified integration platform, Talend
delivers the data agility required for companies to rapidly adopt the
latest technology innovations and scale to meet the constantly evolving
demands of modern business. A leader in the 2016 Gartner Magic Quadrant
for Data Integration Tools and Forrester Wave: Big Data Fabric Q4 2016,
Talend’s solutions support over 1500 global enterprise customers
including Air France, GE, and Lenovo, across a range of industries. For
more information, please visit www.talend.com
and follow us on Twitter: @Talend.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170522005343/en/
Siobhan Lyons, 202-431-9411
VP, Corp. Communications