Successful Exit for HTGF: CData Software Acquires Data Virtuality
April 5, 2024
- CData’s acquisition of Data Virtuality marks a new era for the company by providing customers with powerful, centralized data integration platforms that solve for the most pervasive data management challenges today.
- High-Tech Gründerfonds (HTGF) led the seed round in 2012 as one of the first institutional investors together with Technologiegründerfonds Sachsen (TGFS) and supported the successful development of Data Virtuality.
- Axel Nitsch, Principal at HTGF: “We are thrilled to be part of this strategic acquisition between CData and Data Virtuality. It marks a significant milestone in reshaping the landscape of data management and integration, offering substantial opportunities for growth and innovation.”
Bonn, 5 April 2024 – CData Software, a leading provider of data connectivity solutions, announced the acquisition of Data Virtuality, a global provider of data integration and management solutions. HTGF was one of the first investors in a seed round in 2012 and will sell its shares as part of the strategic acquisition.
CData’s acquisition of Data Virtuality marks a new era for the company by providing customers with powerful, centralized data integration platforms that solve for the most pervasive data management challenges today. CData is the only data management vendor to bring a bi-modal integration stack to market, allowing customers to leverage both data replication and live data integration to connect to their data within one common platform. Now, Data Virtuality expands CData’s ability to support organizations with an enterprise-grade data virtualization platform that solves for organization-wide access to live data.
Data Virtuality delivers live connectivity for direct system-to-system data access without relocation, as well as data virtualization solutions for a unified, governed data layer. It readily compliments and extends CData’s existing Drivers products, which provides point-to-point system connectivity, and Connect Cloud, which solves for multi-point connectivity across cloud applications.
The acquisition of Data Virtuality complements our existing live connectivity products with an enterprise-ready virtualization platform, and we are thrilled to welcome them to our team. 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.
Amit Sharma, CEO and co-founder of CData
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 suite, we support data democratization, enabling more people within businesses to efficiently work with data. HTGF has been a reliable and constructive partner from the beginning and has always provided valuable support. Thanks!
Dr. Nick Golovin, founder and CEO of Data Virtuality
As the seed investor, we are thrilled to be part of this strategic acquisition between CData and Data Virtuality. It marks a significant milestone in reshaping the landscape of data management and integration, offering substantial 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, achieving remarkable results. Congratulations to all involved!
Axel Nitsch, Principal at HTGF
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About Data Virtuality
Data Virtuality GmbH develops and distributes data integration solutions, which enable companies to simplify data accessibility and usability for faster time-to-insights. The solution is revolutionizing the technological concept of data virtualization by generating a logical data warehouse experience that can be built on top of existing and in new data landscapes. With our expertise in supporting global enterprise companies including BSH Hausgeräte, New York University (NYU), Crédit Agricole, and PartnerRe, Data Virtuality addresses the intricate data integration and management challenges faced by large organizations. With more than 200 pre-built connectors, Data Virtuality assists companies to enable modern data architectures including 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-premises and cloud applications. Millions of users worldwide, including Salesforce, Office Depot, and Holiday Inn, rely on CData to enable advanced analytics, boost cloud adoption, and create a more connected business. Consumable by any user, accessible within any application, and built for all enterprises, CData is redefining data-driven business. Learn more at www.cdata.com, or reach a representative via email at info@cdata.com.
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported more than 700 start-ups since 2005. With the launch of its fourth fund, HTGF now has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s 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 injected about 5 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 180 companies.
Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.
Media contact
High-Tech Gründerfonds Management GmbH
Tobias Jacob, Senior Marketing & Communications Manager
T.: +49 228 – 82300 – 121
t.jacob@htgf.de
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