I am extremely excited to announce that TPG has given Denodo a profound “vote of confidence” in the form of a $336 million investment in Denodo’s Series B preferred equity. The investment underscores the strength of our solution, our successful growth trajectory, and our tremendous potential in the data management space.
TPG has offices across the Americas, Asia, Europe, and Australia and is currently managing $139 billion in assets.
TPG is investing in Denodo due to the strong value of our technology offering – not only now, but also for the foreseeable future, as the world’s data continues its rapid growth in volume, variety, and velocity.
What Does TPG See in Denodo?
By investing in Denodo at this upward stage of our growth, TPG is demonstrating that it has strong confidence in our unique logical-first approach to data management, which simplifies the access and integration of all data assets in the corporate data estate to accelerate and democratize data usage, achieve higher levels of security and regulatory compliance, and dramatically improve operational efficiency.
TPG is further impressed by our +50 Net Promoter score and the number and size of our customers, which include top leading firms in all vertical sectors, and TPG itself. TPG trusts our ability to deliver because of the long-term loyalty of our customers. In fact, we were named Customers’ Choice in the Gartner® Peer Insights™ “Voice of the Customer”: Data Integration Tools, three years in a row. Reviews showed that in the past 18 months, 93% of customers would recommend Denodo to others.
TPG also values our active and vibrant partner ecosystem comprised of systems integrators and independent software vendors (ISVs). TPG appreciates that we work directly with all major cloud service providers and other key technology players that are defining the future of data.
How will TPG’s investment benefit Denodo?
TPG’s investment in Denodo will help to further strengthen our balance sheet and accelerate our market initiatives on a global scale. With more than 300 companies in its portfolio, headquartered across 30 different countries, TPG brings deep expertise in the software business and a long trajectory of researching and building relationships to help drive transformational growth.
The addition of TPG as a reference investor establishes an exciting partnership that builds on Denodo’s steady growth, our unique positioning in the data management space, and HGGC’s long-standing commitment to support Denodo as a key investor. Now, with TPG’s exceptional track record of bringing companies into their next stages of growth and the option of listing Denodo’s shares publicly, all of us at Denodo are optimistic about our future.
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