Chapel Hill, USA-based a leading provider of data connectivity solutions, CData Software acquired Data Virtuality, Germany-based a global provider of data integration and management solutions. The company announced the investment on April 4, 2024. However, it did not disclose the amount of the transaction.
Purpose of the acquisition by CData Software
This will provide CData’s enterprise clients with a cutting-edge, cloud-native platform that can handle even the most complicated use cases demanding democratized access to real-time data, enabling them to take on large-scale data virtualization projects.
With the acquisition of Data Virtuality, CData enters a new chapter in its history by offering clients robust, centralized platforms for data integration that address the most pressing issues facing data management today.
As the only data management provider on the market, CData offers a bi-modal integration stack that enables users to take advantage of live data access and data replication on a single common connectivity platform. With the addition of data virtuality, CData can now provide enterprises with an enterprise-grade data virtualization platform that addresses the issue of live data access throughout the organization.
This expansion highlights CData’s rising relevance to enterprise firms by enhancing its product line, which offers solutions to organizations such as Fortune 500, Global 2000 companies, and medium-sized enterprises (SMEs). Through this acquisition, CData will be in a better position to maintain its current rate of growth while moving its products upstream to better serve the needs of clients at the corporate level.
What the CData Software official has to add
Amit Sharma, CEO and co-founder of CData said, “The acquisition of Data Virtuality complements our existing live connectivity products with an enterprise-ready data virtualization platform, and we are thrilled to welcome them to our team. By bringing data virtuality into the fold of our product portfolio, we can now offer organizations a complete set of replication and live access tools that work across on-premises, cloud, or hybrid tech stacks. CData is uniquely positioned to accelerate data virtualization initiatives for companies at every stage of their journey, and we’re excited for the future.”
What the Data Virtuality official has to add
Dr. Nick Golovin, founder and CEO of Data Virtuality, said, “Data Virtuality is proud to share CData’s commitment to empowering businesses to unleash and maximize the full potential of their data. Together, our global scale and market-leading technology provide a tremendous opportunity to more flexibly meet business requirements. By abstracting away technical complexity with our newly combined technology offerings, we support data democratization, enabling more people within businesses to efficiently work with data.”
About Data Virtuality
Global corporate brands, including BSH Hausgeräte, New York University (NYU), Crédit Agricole, and PartnerRe, are among Data Virtuality’s clients. The company is headquartered in Germany and has offices in the US, Europe, the Middle East, and Africa (EMEA).
Live connectivity for direct system-to-system data access without relocation and data virtualization solutions for a single, regulated semantic layer are provided by data virtuality. It easily enhances and expands upon CData’s current offerings, including Connect Cloud, which addresses multi-point connectivity across cloud apps, and Drivers, which offers point-to-point system communication.
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