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Stock impact report

CData Software Secures ~$350 Million in Strategic Growth Funding as AI Proliferation Sparks Increased Need for Data Connectivity [Yahoo! Finance]

The ODP Corporation (ODP) 
Last the odp corporation earnings: 2/26 06:50 am Check Earnings Report
US:NYSE Investor Relations: investor.officedepot.com
Company Research Source: Yahoo! Finance
CHAPEL HILL, N.C., June 26, 2024 BUSINESS WIRE CData Software ("CData"), the leading provider of data connectivity solutions, today announced that it received approximately $350 million in growth capital from Warburg Pincus, a leading global growth investor, with participation from Accel. The funding round will allow CData to accelerate its investments in building innovative data integration solutions for customers. Updata Partners, the sole investor in CData's Series A in 2020 and Series B in 2021, will remain a significant investor. Over 7,000 organizations, including Office Depot, Holiday Inn, and FedEx, rely on CData to solve their toughest data connectivity challenges. Hundreds of major data management providers and independent software vendors (ISVs), including Google, Salesforce, and Informatica also embed CData technologies into their platforms to support their customers' rapidly expanding data integration needs. To further its mission of simplifying data connectivity for e Show less Read more
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