Three-Year Revenue Growth of 133%
Reltio’s continued growth and our recent eclipse of the $100 million annualized recurring revenue (ARR) milestone has landed us on Inc. Magazine’s list of America’s fastest-growing private companies for the sixth year in a row. These are rare feats, especially during these challenging times.
The annual list represents the most prestigious ranking of the nation’s fastest-growing private companies. Reltio is among companies on the 2022 Inc. 5000 that demonstrated success, innovation, and resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19.
While we are pleased to receive such recognition, all of our achievements are attributable to our employees, along with our customers and partners who choose us to help them solve their biggest data challenges. That’s what motivated me to launch Reltio, and continues to drive me today.
An 11-year Journey from Startup to Over $100 million ARR
When I launched Reltio 11 years ago, it was the first-of-its-kind, cloud-native platform designed to make data management simpler and more scalable for our customers. Reltio’s platform is used today by companies worldwide to succeed in the digital economy. The challenges faced are growing as Covid-19 and changing consumer preferences have driven the need for all organizations to become “digital first” and to unlock the value of their core data, which is often trapped inside legacy systems. Core data is the key to unlocking future growth, efficiency, and managing enterprise risk.
As the world’s digital presence grows, so do the challenges organizations face in maximizing the value of their data in any context. For example, the average organization uses more than 464 custom applications today. When I started in the industry over two decades ago, the average company used fewer than 10 apps. With all of these applications creating data all day, every day, companies need technology that scales with them, with the information they are generating while delivering clean, organized, and accurate data that fuels their business in real-time.
Reltio’s Connected Data Transforms Businesses
That’s where Reltio comes in—and why we continue to grow so rapidly. I am most excited about the continued evolution of our company and how we will disrupt the industry next. The world’s largest enterprises are hungry for solutions that transform their data into their most valuable asset. What we deliver is a real-time operating system for data that accomplishes exactly that. We take the raw ingredients from wherever they are located, including first-party legacy systems, or third-party data information sources, and turn them into high-quality unified and trusted core data about your customers, accounts, vendors, and assets, among other information. These are the essential ingredients for successfully transforming enterprise operations, improving efficiency, and increasing business value.
Figure 1: Key Transformations Reltio Enables Across Industries
Reltio disrupted the MDM software market when we launched the first cloud-native MDM software-as-a-service platform nearly a decade ago. The Reltio Connected Data Platform is a proven multi-domain MDM platform that masters all data types in real-time and at-scale. Reltio has grown nearly 15 times faster than the overall MDM category according to third-party market research, and our three-year revenue growth of 133%, driven by a proven SaaS platform, superiority to competitive on-premises software, and new products, including the first free MDM product - Reltio Identity 360 - have all helped us become the category leader we are today.