Pentaho's Rapid Customer Growth Driven by Market Demand for Data Fitness and Smart Simplicity | HTHIY Stock News

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  • Pentaho experiences significant customer growth with its innovative data platform
  • 73% of Fortune 100 companies use Pentaho, with notable clients like Vodacom and Fannie Mae
  • Recent platform update enhances AI capabilities, earning industry-wide recognition

Pentaho, a leading data intelligence and integration platform, is seeing record customer growth, driven by its approach to data fitness and smart simplicity. Used by 73% of Fortune 100 companies, Pentaho’s platform aids enterprises in improving their data infrastructures while adhering to AI and regulatory requirements.

The platform's adoption has surged across sectors such as banking, critical infrastructure, and government, with prominent users including Vodacom, Fannie Mae, and FirstBank. Recent advancements in Pentaho's offerings include a Fall 2023 update introducing a new architecture for AI-ready data. This update incorporates modules such as Pentaho Data Integration, Business Analytics, Data Catalog, Data Quality, and Data Optimizer, designed for seamless integration without extensive coding.

Pentaho has received industry accolades, including awards from BigDATAwire, the Data Breakthrough Awards, and a finalist spot in the Cube's Technology Innovation Awards, highlighting its innovation and effectiveness in data solutions.

“Data teams face challenges in managing data complexity and rising costs," states Maggie Laird, President at Pentaho. "Our platform enables customers to manage data at scale confidently." Vladimir Bendikow, Chief Data Officer at FirstBank, praised the Pentaho Data Catalog for aiding in data management and governance, crucial for meeting regulatory needs.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.