Reltio Named a Leader in Master Data Management by Leading Independent Research Firm
Company Receives Highest Scores Possible in Ten Criteria including Security, Compliance, HA/DR and Multi-Domain
Reltio, the first cloud-native, software-as-a-service (SaaS) data platform that accelerates data value for businesses, announced that it has been named a leader in “The Forrester Wave™: Master Data Management, Q4 2021” report by Forrester Research, Inc., a leading independent technology and market research firm. In the report, Forrester identifies the most significant providers in the category.
Reltio achieved the highest score possible in ten criteria including security, compliance, High Availability (HA)/Disaster Recovery (DR), and multi-domain, and within the strategy category, innovation roadmap, product vision, execution roadmap, and technical support.
“The Forrester Wave™: Master Data Management, Q4 2021”
Takeaways from the Report:
- “Reltio is a one-stop shop for MDM deployment with advanced capabilities… Reltio is a good fit for companies looking for a comprehensive, cloud-based MDM solution across multiple domains.”
- “Reltio supports a cloud-enabled multidomain MDM product that runs on Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. It leverages modern capabilities such as AI/ML, knowledge graph, and embedded analytics to support large and complex MDM deployments. The Reltio MDM solution is part of the Connected Data Platform, which supports all data types in real time for operational, analytical, and data science use cases.”
- “Reltio scored well in matching, context, governance, business templates, deployment, security, and scalability. Reference customers liked its capabilities around user-friendly search, ease to manage, and reliability, as well as its well-managed software-as-a-service (SaaS) platform.”
“It is rewarding to receive this recognition from a highly-regarded analyst research firm. We believe it validates our success in accelerating data value for businesses and reflects our continued leadership position in the market,” said Manish Sood, Founder and CTO, Reltio. “The number of siloed applications and fragmented data is growing at an unprecedented rate, causing the biggest challenges and complexities to business outcomes. The advanced capabilities of our cloud-native SaaS platform helps businesses unify multi-source, complex data into a single source of trusted information so they can maximize impact every day.”
This news comes on the heels of a significant announcement from earlier this month, in which Reltio announced $120 million in funding led by investment firm Brighton Park Capital, with participation from existing investors Crosslink Capital, NewView Capital, RPS Ventures, Sapphire Ventures, and .406 Ventures. Reltio is valued at approximately $1.7 billion. According to third-party market research, the company is growing more than 15 times faster than the overall category. The new capital will help to fuel Reltio’s growth strategies, expand global go-to-market, and further scale the company’s efforts to deliver industry-leading products.