
CData Software acquires Data Virtuality
TGFS
5 April 2024
Exit for the TGFS: Data Virtuality GmbH is a global provider of data integration and management solutions based in Leipzig, Munich and San Francisco. TGFS initially invested in the company in 2012 alongside HTGF during its spin-off from Leipzig University. Over the past decade, the company has been closely supported and developed in collaboration Dr. Nick Golovin and his team.
The acquirer, CData Software, a leading provider of data access and connectivity solutions headquartered in Chapel Hill, North Carolina, sees Data Virtuality as an ideal strategic fit. Existing live connectivity products will be complemented by an “enterprise-ready“ data virtualization platform.
Sören Schuster, Managing Director of TGFS, commented on the exit: “The combination of Data Virtuality’s outstanding technology, its ongoing promotion at international industry events, and deep expertise have been key to success. With the acquisition by CData, the next growth steps can now be taken, further strengthening the locale site in the future. We thank the Data Virtuality team for the trustful collaboration and wish them great success in the new constellation.”
Background: Data Virtuality GmbH offers a data integration platform for data access, modelling, provisioning and governance utilizing data virtualization and data movement techniques (ETL/ELT, CDC). This solution enables detailed insights from historical and real-time data with any existing BI tool. By combining data virtualization and automated ETL processes, customers can reduce their data integration efforts by 80%, saving valuable resources. With more than 200 pre-built connectors, Data Virtuality supports companies in implementing modern data architectures, including hybrid and multi-cloud, data fabric and data mesh. Among its more than 100 global customers are renowned organizations such as BSH Hausgeräte, New York University (NYU), Crédit Agricole and PartnerRe.
Link to the press release by CData and Data Virtuality regarding the transaction.
Your contact person
Sören Schuster | Managing Director TGFS
+49 172 2001097
soeren.schuster@cfh.de
TGFS deal team
Sören Schuster