Zoomdata Announces 250% Year over Year Revenue Growth for Fiscal Year 2017

SAN MATEO, CA--(Marketwired - Mar 23, 2017) - Zoomdata, developers of the world's fastest visual analytics platform for big data, today announced Fiscal Year 2017 revenue growth of 250% year over year, led by geographic and channel expansion, an ambitious series of Federal business initiatives and the closing of a $25 million Series C equity financing round led by Goldman Sachs' Principal Strategic Investments Group.

Zoomdata's market traction and technology innovations have garnered widespread recognition. Zoomdata debuted in the visionary quadrant in the 2017 Gartner Magic Quadrant for Business Intelligence and Analytics Platforms and Gartner also named Zoomdata a 2016 Cool Vendor. In addition, the company was named a Ventana Research 2016 Technology Innovation Award for Operational Intelligence, and received the Top Ranking in the 2016 Annual Big Data Analytics Market Study from Dresner Advisory Services.

The company was also granted 4 patents in support of its Visualization of Big and Streaming Data technology.

"In many ways fiscal year 2017 was a breakout year for Zoomdata in revenue growth, technology advancements, international reach, as well as investor, partner, customer and industry acceptance and recognition," said Justin Langseth, CEO and founder, Zoomdata.

In FY 2017 the company achieved dramatic international growth, increasing overseas sales 500% after expanding distribution in Europe and Asia Pacific. In June Zoomdata announced its entry into the United Kingdom market with new partners and customers, and the company also recently announced a significant expansion into Asia, with new offices opened in Tokyo, Singapore and Sydney.

Zoomdata also grew its footprint in the federal marketplace in FY 2017, launching its federal program last March, securing a listing on the AWS Marketplace for the U.S. Intelligence Community and announcing an investment and technology development agreement with In-Q-Tel.

Following the launch of its AnyCloud Initiative, which enables enterprises to visually interact with all data in the enterprise (on-premises or in the cloud), Zoomdata broadened its solution offerings with cloud vendors Google GCP, Microsoft Azure and Amazon AWS, including offering premium support via the AWS Marketplace Product Support Connection (PSC) and participation in the Amazon Channel Incentive Program, which will facilitate AWS Marketplace sales of Zoomdata by Qualified Channel Resellers. Zoomdata also recently announced the industry's broadest and deepest visual analytics support for Google Cloud Platform's Cloud Spanner, PostgreSQL, Google BigQuery, and Cloud DataProc services.