CData Software Banks $20M Series A Round

March 27, 2020

CData Software secured a $20 Million Series A investment from Updata Partners. Updata and CData will be collaborating to expand the Company's global presence, introduce new cloud offerings, and accelerate the rollout of new cutting-edge data connectivity solutions.

Dedicated to simplifying the way that users and applications connect with data, CData Software delivers an extensive array of standards-based data connectivity solutions. Thousands of organizations rely on CData products every day for their data access needs to help overcome common data fragmentation challenges, and unlock value from diverse and dispersed data assets. Through OEM partnerships, dozens of leading software vendors trust CData to enable robust connectivity for their customers to a variety of data sources, on-premise and on the cloud.

Updata brings deep experience in rapid-growth technology ventures to CData Board of Directors
John Burton, Co-Founder of Updata, and Carter Griffin, General Partner at Updata, will join CData's Board of Directors, with John serving as Chairman. John bootstrapped Business Software Technology (BST) into a successful sale to Legent Corporation, a public company he led as CEO until its $1.8 billion acquisition by Computer Associates in 1995. Most recently, John served as Chairman and CEO of Nintex, a leading SaaS workplace automation software provider with over 8,000 global customers.

"Early last year, we set out to find the right financial partner to help us accelerate our growth plans," said Amit Sharma, CEO of CData Software. "We found the Updata team to be a great fit for our culture, our values, and the way we do business. Updata's focus on B2B software, and John's wealth of experience in particular, will be a great asset in our path to revolutionizing data connectivity and fundamentally improving the economics and efficiency of enterprise information flow."

John Burton said, "I know firsthand the challenges for enterprises to seamlessly access and integrate critical data, which is now located in a multitude of clouds and on-premise data stores. For over a decade, CData has been a leader in developing connectivity technology. It's a perfect time to take advantage of the company's great success to date to accelerate growth and expand market leadership."

Carter Griffin added, "CData has done a tremendous job bootstrapping to meaningful scale and profitability. We were excited by the opportunity to work with Amit and his team, and the fundamentals made the decision an easy one."

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