WALNUT CREEK, Calif.--(BUSINESS WIRE)--Vantiq, the leading low-code platform for building and deploying distributed, real-time solutions, today announced that it has continued its outstanding growth trajectory by doubling software licensing revenues for the third year in a row and expanding its corporate partnerships with renowned technology companies. The company also named two new members to its executive leadership team.
Since 2018, Vantiq revenue has grown by more than 1,000%. The company has been recognized by Inc. as being in the top 12% of the 5000 fastest growing American companies. Vantiq recently expanded its operations to include Europe and Korea.
Preparing for continued growth
Vantiq has continued to expand its partner ecosystem by establishing strategic alliances with industry leaders, including IBM, PwC, HPE, Dell, Advantech, Lenovo, NEC and NVIDIA. Vantiq’s partnerships have driven heightened activity across key vertical sectors such as government, smart buildings and smart cities, as well as retail, energy and telecom.
“Real-world challenges demand real-time solutions,” said Hardik Dave, Vantiq VP of Strategic Alliances and Partner Marketing. “Our edge-to-cloud partner ecosystem plays a critical role in accelerating AI and IoT-enabled mission-critical outcomes for our customers.”
In addition, Vantiq named Jim Rice, former head of Veterans Affairs at Red Hat, its new VP of North America, and Nick Harmer, former CEO at Quest Software, its new VP of EMEA. Both will help address the heightened demand globally for Vantiq’s low-code platform.
“Altogether, it has been a time of truly remarkable growth for Vantiq, with both the market and our partners affirming the value of our platform,” said Marty Sprinzen, co-founder and CEO of Vantiq. “We are being chosen for major new initiatives in the areas of smart cities, defense and energy, where advances in AI, robotics and 5G are opening the doors for innovation. Working with our partners we are deploying technology to make a real positive impact on current worldwide challenges such as sustainability and climate change.”
Enabling next-generation solutions
Vantiq is a low-code application development platform that enables companies to quickly build real-time Internet of Things (IoT) applications that distribute intelligence to the edge. Vantiq makes it possible to build digitally automated buildings, cities and grids at unprecedented speed.
Vantiq was recently awarded a patent for pioneering the way applications can be automatically partitioned and distributed, enabling a new level of agility for edge solutions. As edge computing has become more established across retail, healthcare, utilities and defense industries, more organizations have turned to low-code platforms to accelerate their initiatives.
Tackling climate change
Vantiq helps companies, cities and organizations quickly develop the advanced digital nervous systems that society needs to safeguard itself from climate change. In an era of severe and unpredictable climate disasters, Vantiq’s technology increases the speed of detection and ability to effectively react to unforeseen threats.
“Vantiq is seeing exponential growth, in part because the private and public sectors are increasingly adopting new technologies to manage climate risk and embrace sustainability,” Sprinzen said. “The market is demanding solutions that enable a future more capable of handling and addressing the natural hazards and risks accelerated by climate change.”
Accomplishments and recognition
Vantiq’s leadership was recognized this year in several ways.
- The company was granted a U.S. patent for “deployment of an event-driven application in an IoT environment.” The new patent describes proprietary technology developed by Vantiq to optimize the deployment and operation of distributed applications across various computing environments – including data centers, public or private cloud infrastructure and/or edge computing and IoT environments. The significance of this unique technology is that it automatically assures that processing is happening in the optimal place at the optimal time.
- Intellyx, the first and only analyst firm dedicated to digital transformation, announced this month that Vantiq has won the 2022 Digital Innovator Award. As an industry analyst firm that focuses on enterprise digital transformation and the leading-edge vendors that are driving it, Intellyx interacts with numerous innovators in the enterprise IT marketplace. To honor these trailblazing firms, Intellyx’s Digital Innovator Awards put “a spotlight on vendors worth watching.”
About Vantiq
Vantiq makes it possible to build, deploy and manage real-time applications at unprecedented speed. Apps built using Vantiq minimize risk and time-to-value, thus unlocking ROI for customers much sooner. Vantiq is unique and different from cloud and hyperscale vendors, because Vantiq takes a holistic approach that solves all the hidden challenges that come with massively distributed, real-time apps. For more information, please visit Vantiq at www.vantiq.com or on Facebook, Twitter and LinkedIn.
