Exit for HTGF: CData Software acquires Data Virtuality

Bonn — CData Soft­ware, a leading provi­der of connec­ti­vity solu­ti­ons for data, has announ­ced the acqui­si­tion of Data Virtua­lity, a global provi­der of data inte­gra­tion and data manage­ment solu­ti­ons, from HTGF. HTGF was one of the first inves­tors in a seed round in 2012 and will sell its shares as part of the stra­te­gic takeover.

With the acqui­si­tion of Data Virtua­lity, CData provi­des its custo­mers with powerful, centra­li­zed data inte­gra­tion plat­forms that solve the biggest chal­lenges in data manage­ment. CData is the only data manage­ment vendor to have laun­ched a bimo­dal inte­gra­tion package that allows custo­mers to use both data repli­ca­tion and live data inte­gra­tion to connect to their data on a common plat­form. With Data Virtua­lity, CData is now expan­ding its ability to support compa­nies with an enter­­prise-wide data virtua­liza­tion plat­form for company-wide access to live data.

Data Virtua­lity provi­des live connec­ti­vity for direct system-to-system data access and data virtua­liza­tion solu­ti­ons for a unified and control­led data layer. It comple­ments and extends the exis­ting CData Drivers products, which enable point-to-point connec­ti­vity between systems, and Connect Cloud, which enables multi-point connec­tions between cloud applications.

“The acqui­si­tion of Data Virtua­lity comple­ments our exis­ting live connec­ti­vity products with a virtua­liza­tion plat­form for compa­nies with more complex data archi­tec­ture and we are deligh­ted to welcome them to our team. With the inte­gra­tion of Data Virtua­lity into our product port­fo­lio, we can now offer compa­nies a complete set of repli­ca­tion and live access tools that work both on-premise and in the cloud or in hybrid tech­no­logy stacks. CData is uniquely posi­tio­ned to acce­le­rate data virtua­liza­tion initia­ti­ves for enter­pri­ses at every stage of deve­lo­p­ment. We are looking forward to the future,” says Amit Sharma, CEO and co-foun­­der of CData

“Data Virtua­lity proudly shares CData’s mission to empower orga­niza­ti­ons to unleash and maxi­mize the full poten­tial of their data. Toge­ther, our global scale and market-leading tech­no­logy offer a tremen­dous oppor­tu­nity to fulfill busi­ness requi­re­ments more flexi­bly. By abstrac­ting the tech­ni­cal comple­xity with our newly combi­ned tech­no­logy suite, we support the demo­cra­tiza­tion of data and enable more people in compa­nies to work effi­ci­ently with data. HTGF has been a relia­ble and cons­truc­tive part­ner from the very begin­ning and has always provi­ded us with valuable support,” explains Dr. Nick Golo­vin, foun­der and CEO of Data Virtua­lity (photo).

“As a seed inves­tor, we are very plea­sed to be part of this stra­te­gic acqui­si­tion between CData and Data Virtua­lity. It is an important mile­stone in the resha­ping of the data manage­ment and data inte­gra­tion land­scape and offers signi­fi­cant oppor­tu­ni­ties for growth and inno­va­tion. Dr. Nick Golo­vin, CEO and foun­der of Data Virtua­lity, and his team have demons­tra­ted exem­plary inno­va­tion, stra­te­gic plan­ning, opera­tio­nal excel­lence and resi­li­ence and have achie­ved remar­kable results,” comm­ents Axel Nitsch, Prin­ci­pal at HTGF.

About Data Virtuality

Data Virtua­lity GmbH deve­lops and distri­bu­tes data inte­gra­tion solu­ti­ons that enable compa­nies to simplify the acces­si­bi­lity and usabi­lity of data in order to gain insights more quickly. The solu­tion revo­lu­tio­ni­zes the tech­no­lo­gi­cal concept of data virtua­liza­tion and can be built on exis­ting and new data land­scapes. With our expe­ri­ence in support­ing global compa­nies such as BSH Haus­ge­räte, New York Univer­sity (NYU), Crédit Agri­cole and Part­nerRe, Data Virtua­lity solves the complex chal­lenges of data inte­gra­tion and manage­ment in large orga­niza­ti­ons. With more than 200 ready-made connec­tors, Data Virtua­lity supports compa­nies in imple­men­ting modern data archi­tec­tures such as hybrid and multi-cloud, data fabric and data mesh.

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-premise and cloud appli­ca­ti­ons. Milli­ons of users world­wide, inclu­ding Sales­force, Office Depot and Holi­day Inn, rely on CData to enable advan­ced analy­tics, drive cloud adop­tion and create a more connec­ted enter­prise. CData can be used by any user, is available in any appli­ca­tion and was deve­lo­ped for any company. CData is thus rede­fi­ning the data-driven company. Find out more at www.cdata.com

About High-Tech Gründerfonds

The seed inves­tor High-Tech Grün­der­fonds (HTGF) finan­ces tech­no­logy start-ups with growth poten­tial and has supported more than 700 start-ups since 2005. With the launch of the fourth fund, HTGF has around 1.4 billion euros under manage­ment. The team of expe­ri­en­ced invest­ment mana­gers and start-up experts supports the young compa­nies with know-how, entre­pre­neu­rial spirit and passion. The focus is on high-tech start-ups in the fields of digi­tal tech, indus­trial tech, life scien­ces, chemis­try and rela­ted busi­ness areas. To date, exter­nal inves­tors have inves­ted around EUR 5 billion in the HTGF port­fo­lio in more than 2,000 follow-on finan­cing rounds. In addi­tion, the fund has alre­ady successfully sold shares in more than 180 companies.
Fund inves­tors in the public-private part­ner­ship include the German Fede­ral Minis­try for Econo­mic Affairs and Climate Protec­tion, KfW Capi­tal, and 45 compa­nies from a wide range of industries.