Syniti shines in structured data lifecycle management – Blocks and Files
Summary
In 2017, a majority stake in BackOffice Associates, with a $300 million valuation, was acquired from Goldman Sachs by private equity business Bridge Growth Partners. According to Bloor Research, Syniti now sells packaged cloud-native data management software “with about a third of its revenue coming from licenses rather than professional services.” Its more than 500 customers include American Airlines, Kraft, and Nestlé, and it has worked for more than 200 Forbes Global 2000 organizations. The answer is typically ‘we haven’t.” This results in over-provisioned primary storage, with Gorton arguing: “There are SAP systems out there that are 60–70 terabytes. And when we do an initial assessment, we normally find that maybe six or seven terabytes of that is actually real operational data that they access.” What is a typical trigger for customers to engage with Syniti? Data needs governance to make sure only the right people and apps can access it, and its retention meets compliance and privacy regulations.
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