As Enterprise IT Market Expands, Company Posts First Profitable Year with More Than 70 Percent Y/Y Revenue Growth
MOUNTAIN VIEW, Calif. – Jan. 18, 2017 – BDNA®, the leader in delivering the most trusted and comprehensive technology asset information, continued its outstanding momentum by posting record financial growth in fiscal year 2016, resulting in its first profitable year.
BDNA had several key enterprise customer acquisitions for year/year revenue growth that exceeded 70 percent. Revenue and bookings for Q4 2016 also set a record. During the year, the company also launched Technopedia MD™, expanding its offerings into medical device lifecycle management, and opened a new European office, in the United Kingdom.
“The enterprise IT data market is exploding,” BDNA CFO Dave Pomeroy said. “Our financial performance proves it, and puts us in an ideal position with a solid balance sheet to fuel our growth plans for 2017.”
Major commercial and government global customers were added to the rolls, expanding BDNA’s customer roster to 30 percent of the Fortune 50.
BDNA Technopedia® reconciles and standardizes hardware and software asset data with accurate, consistent and valuable content to simplify all processes and projects, resulting in faster, smarter business decisions. With more than 1.7 million products and 120 million data points of timely, relevant product and market intelligence about those products, Technopedia powers many IT projects within the enterprise, unifies siloed IT processes and provides alignment with business goals. Technopedia receives more than 2,500 updates daily, ensuring that it is always up-to-date.
“BDNA will continue to expand and streamline operations, to support our growth and expansion to both geographic and new markets,” BDNA President Walker White said. “We are also proud of the fact the company was recognized with 12 awards last year.”
Among the awards, BDNA Technopedia was recently named a Trend-Setting Product for 2017 by Database Trends and Applications, won a Gold Stevie Award for New Product or Service of the Year in Software for the BDNA Platform, and was named the Technology Innovation Winner in Cybersecurity by Ventana Research.
2017 is expected to be another record year for BDNA with the release of Technopedia 6.0, which will include several ground-breaking features, scheduled for the summer.
“As more enterprises realize that they must manage their technology asset lifecycles and better leverage their data, BDNA plans to expand its solutions beyond IT and medical devices to include IoT asset lifecycle management,” BDNA Co-Founder and CEO Constantin Delivanis said. “The future is exciting.”
The BDNA solution leverages Technopedia, the most trusted and comprehensive source of technology asset information, and includes: BDNA Normalize®, which supplies clean, consistent and complete data to enterprises; BDNA Discover™, providing complete visibility into the IT environment; and BDNA Analyze™, providing analysis and data visualization across multiple dimensions.
BDNA transforms enterprise asset data by enriching it with market context to vastly simplify integrations, accelerate business transformation and improve decision-making. Leveraging Technopedia®, the most trusted and comprehensive hardware and software asset information source, BDNA leverages automation, a team of content experts and a proven quality framework to reconcile and normalize enterprise asset data to improve all processes and projects.
Technopedia’s content library categorizes more than 1.7 million products from 34,000 suppliers with 2,500 daily updates, providing business-critical information such as compatibility, support dates, end-of life, migration plans, current manufacturer and version, and much more. Eliminating manual processes and bottlenecks, BDNA delivers automated and scalable solutions, improving visibility, compliance and time to market.
Based in Mountain View, Calif., BDNA operates globally with customers across all segments and markets. For more information, please visit www.bdna.com.
Racepoint Global for BDNA