GigaSpaces Technologies, the leading provider of an out-of-the-box Digital Integration Hub (DIH) data platform that helps large enterprises accelerate and scale digital application delivery, reports strong market demand and exceptionally rapid adoption of its flagship Smart DIH product across multiple industries.
The strong market demand for Smart DIH is reflected in the company’s financial performance: GigaSpaces reports significant growth in both Annual Recurring Revenue (ARR) and Average Selling Price (ASP) for new customers while maintaining a customer retention rate of almost 100%. In 2022, the company acquired new enterprise customers and deepened its presence with existing customers. In the fourth quarter, the company signed the largest deal since the company was founded.
GigaSpaces has also strengthened its partnerships in the technology ecosystem over the past year, forging new alliances with data infrastructure companies (like IBM), as well as players in iPaaS and API management, who recognize how Smart DIH complements their own technology offerings for enterprise customers.
Looking ahead to 2023, and in line with its vision to make the business benefits of Smart DIH more accessible to businesses across the board, GigaSpaces is also developing a new managed service delivery model that will provide businesses with optimal deployment and maintenance flexibility.
“Data usage is a global challenge across industries with significant implications across the user lifecycle,” said Adi Paz, CEO of GigaSpaces. “The decision to build the world’s first turnkey DIH was a bold step that we took in the summer of 2021. We built it from the ground up based on our successful in-memory data storage technology to help companies unlock the potential of their siled data. The market interest we are seeing, particularly in North America and Europe, is a clear signal that our Smart DIH solution is fulfilling a concrete business need of companies across all industries, geographies, and stages in their digital transformation journey.”
