Driven by Expansion of Data Modeling Business and New Data Governance Projects, erwin Closes 2018 with Strong Momentum
MELVILLE, NY, Jan. 14, 2019
MELVILLE, NY, Jan. 14, 2019 /PRNewswire-PRWeb/ -- Driven by the expansion of its data modeling business and bookings of new data governance projects,erwin, Inc. closed a strong fiscal year in 2018 with continued momentum expected for 2019. The company saw more than 300 new logo deals across several vertical sectors including healthcare, pharma, public sector, manufacturing, insurance and financial services.
"This past year, we experienced significant interest and growth in our data governance and data management solutions," said Adam Famularo, CEO, erwin. "Our acquisition of metadata management company AnalytiX DS (ADS) was a game changer. It positions us as one of the only software providers to own and fully integrate each area of data governance and management. Additionally, new regulations like GDPR and a growing awareness of the value of data as an asset that needs to be protected, managed and maintained significantly contributed to our growth across a variety of industry sectors."
Data governance is no longer solely about compliance and it is no longer optional. As the need to leverage data increases for digital transformation efforts, so does the need to protect data in complex ecosystems as well as business, IT, and data environments. Additionally, as adoption for data governance grows, best-in-breed enterprises are looking at how their data can be used as a competitive advantage. These organizations are evolving their data governance practices to data intelligence – connecting all the pieces of their data management and data governance lifecycles to create actionable insights.
One such organization is E.ON, one of the world's leading energy providers. Romina Medici, E.ON's head of data governance, says, "We selected erwin due to the perfect fit between our strategic and functional requirements and their comprehensive and connected platform." Continued Medici, "We are excited to deploy erwin DG and strongly believe that the solution's powerful capabilities will help us deliver best-in-class "data governance-as-a-service" to our worldwide data user community."
According to IDC's Data Intelligence in Context Technology Spotlight sponsored by erwin, "Professionals who work with data spend 80% of their time looking for and preparing data and only 20% of their time on analytics. Organizations that select and implement erwin EDGE as the platform on which to build their data intelligence in context will have an opportunity to change the 80/20 rule by providing users with the knowledge needed to be more effective and efficient with data."
With data governance as the hub, the erwin EDGE creates an "enterprise data governance experience" for data-driven insights, agile innovation, regulatory compliance and business transformation. By integrating enterprise architecture, business process, data mapping and data modeling, it enables organizations to get a handle on how they handle their data. With the broadest set of metadata connectors and automated code generation, data mapping and cataloging tools, the erwin EDGE Platform simplifies the total data management and data governance lifecycle.
Since becoming a standalone company in 2016, erwin has completed four acquisitions, including two in 2018: A&P Consulting and Analytix DS. In 2018, it also received a number of industry awards including: Trend-Setting Product in Data Management and Analysis by DBTA; Big Data 50; DBTA's Reader's Choice; CRN's Emerging Vendor List; and recognized as a DBTA Top 100 Company.
"As we grow, we continue to disrupt the data governance market with new thinking and real innovation, driven by what our customers need most – connectivity to a wide array of data sources and automated data mapping and data lineage for more effective and efficient data preparation, modeling and governance," continued Famularo. "We are looking forward to continued momentum in 2019."
About erwin, Inc.
erwin provides the most comprehensive data management and governance solutions to automate and accelerate the transformation of data into accurate and actionable insights. The erwin EDGE platform combines data governance, enterprise architecture, business process, data modeling and data mapping. Thanks to the broadest set of connectors for data preparation, modeling and governance, government agencies, financial institutions, healthcare companies and other enterprises around the world can use data to fuel their compliance, innovation and transformation initiatives. Learn more at http://www.erwin.com.
SOURCE erwin, Inc.