This success is a testament to the ability of the publisher to develop its customer base, but also to the strong adoption of its solutions by large enterprises
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REDWOOD CITY, Calif. May 22, 2017 Talend (NASDAQ : TLND), a world leader in integration solutions big data and cloud, today announced that its revenues have increased by 44% compared to the 1st quarter of 2016, with a turnover of $ 32.9 million in the first quarter of 2017. This growth is the result of new contracts won with large enterprises, the growth of Talend at the international, as well as the success of its business strategy ” land and expand “. Among these new customers include both big international companies, who have used Talend to manage the increasing volume, velocity and variety of their data. In addition, a large private university in the Ivy League has also turned to Talend to help streamline its migration to the cloud.
“In the first quarter, we recorded an increase of 60% of our corporate customers with an annual subscription of more than 100 000 dollars, compared to the same period in the previous year,” said Mike Tuchen, CEO of Talend. “I believe our success during this quarter highlights the evolution of the market towards platforms, big data and cloud. Talend has just a genuine competitive advantage and is able to support the companies to the extent that their data are evolving to support more and more users and use cases, more complex. ”
In addition to its success in the United States, Talend continues its international growth. During the quarter, Talend has secured a new contract with a large uk distributor to manage and consolidate its customer data following a merger. The company has also expanded its relationships with TESCO, the fifth distributor of food products in the world. TESCO expands its use of Talend to create a standard catalog of products, in order to optimise the management of its inventory and its supply chain.
In the Asia-Pacific region, the australian bank Qudos Bank has also expanded its use of Talend to support a migration of its banking system, which will allow him to change fundamental aspects of its banking operations (back-end system, to experience digital offered to its customers). As announced during the 3rd quarter of 2016, Talend was selected by HP Inc. in the context of the rollout of its new enterprise data warehouse (dw, based on Hadoop. During the first quarter, HP has increased its investment with Talend, adding more users, in order to support a second phase of its initiative to modernize its it infrastructure.
This twelfth consecutive quarter, with a growth rate of the net exceeds 120 % (at constant currency), reflects the ability of Talend to expand its customer base thanks to its ” land and expand “.
For more information on the dynamics of Talend and his references, visit talend.com or listen to the replay of the presentation of the results for the 1st quarter of 2017.
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About Talend
Talend (Nasdaq : TLND) is a leading provider of new generation software, Cloud integration and Big Data. The editor helps the companies to do all their data a strategic asset to generate real time qualified information on their customers, partners, and their operations. Its integration platform that is open, scalable, and unified allows them to quickly adopt the latest technological innovations and to adapt to the constant evolution of their needs. Talend is a recognized leader within the Magic Quadrant 2016 Gartner dedicated to data integration tools, as well as in the framework of the report the Forrester Wave: Big Data Fabric Q4 2016. More than 1 500 companies from a variety of sectors have used its solutions in the world, amongst which Air France, GE, and Lenovo. For more information, visit talend.com and follow us on Twitter : @TalendFR.
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