Tech Data, a TD SYNNEX Company, Seals Strategic Partnership with Yugabyte In A First Globally

Partnership to support growth of cloud-native database market in Asia Pacific & Japan

Tech Data, a TD SYNNEX company, today announced a new partnership with Yugabyte, a leader in open source distributed SQL databases. This partnership in the Asia Pacific & Japan region is the first for Yugabyte across TD SYNNEX & Tech Data globally. It supports Tech Data’s strategy on driving digital transformation built on data for business partners by accelerating capabilities in cloud native architectures, especially for born in the cloud partner ecosystems.

With growing interest around transformative trends such as Mission Critical Microservices due to its promise of improved scalability when compared to monolithic systems1, born in the cloud apps, edge and IOT applications are driving shifts in today’s database market. IDC Futurescape predicts that “by 2024, nearly 60% of organizations’ new custom-developed applications will be built and managed using microservices as foundations for stronger and higher performing automation.”2 These shifts necessitate the need for modern databases to support these modern applications.

“We have observed a trend of end-customers looking to move apps to both hybrid and multi-cloud, as well as new startups building applications in the cloud. With a distributed SQL database built to power global-scale cloud native applications, Yugabyte is well positioned to value-add and support their needs as their operations scale,” shared Bennett Wong, Vice-President for Advanced Solutions, Modern Data Center & Analytics, Tech Data Asia Pacific & Japan.

“As more organizations and ISV’s in Asia embrace digital transformation and app modernization, the need for a cloud-native database is rising. YugabyteDB is built to simplify data geo-distribution as well as to enable speed, scale, resiliency, security and portability, all critical for modern workloads. Our partnership with Tech Data will help accelerate the adoption of YugabyteDB to support partners in modernizing the data layer for their customers. Tech Data’s alignment to open source technologies and presence across the APJ market will allow us to quickly connect and engage with the partner ecosystem effectively.” Says Danny Zaidifard, VP, Business Development & Partners at Yugabyte.

The benefits of this new partnership include:

• Expanded capabilities in cloud native architectures for born in the cloud partner ecosystems, allowing enterprises to focus on business growth instead of complex data infrastructure management.
• Full alignment with Tech Data’s Go-To-Market (GTM) strategy for Next Generation Data Centers in Infrastructure Modernization, Data Center Automation, Application Modernization, Cloud Operating Model, and Workload Segmentations, towards supporting digital transformation.
• Being the cornerstone of Tech Data’s Analytics GTM strategy for Data Modernization, Data Fabric, and Hybrid Motion to support modern applications, where microservices need a cloud native relational database that is resilient, scalable, and geo-distributed to complement our customers’ data maturity journey.

"We are excited to collaborate with Yugabyte to support the enormous growth of independent software vendors and startups across the Asia Pacific and Japan region, particularly in markets like India where Tech Data has deep roots in the enterprise partner ecosystem. This new partnership supports our goal of being a leader in Data Lifecycle and also enables us to expand into application and database modernization,” added Bennett Wong.

[1] Microservices: Migration of a Mission Critical System, IEEE Transactions on Services Computing, Volume 14, Issue 5, Sep – Oct 2021.

[2] IDC Futurescape: Worldwide Developer and DevOps 2021 Predictions, Doc # US46417220, October 2020.

About Tech Data

Tech Data, a TD SYNNEX (NYSE: SNX) company, is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’ 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

About Yugabyte

Yugabyte is the company behind YugabyteDB, the open source, high-performance distributed SQL database for building global, cloud-native applications. YugabyteDB serves business-critical applications with SQL query flexibility, high performance and cloud-native agility, thus allowing enterprises to focus on business growth instead of complex data infrastructure management. It is trusted by companies in cybersecurity, financial markets, IoT, retail, e-commerce, and other verticals. Founded in 2016 by former Facebook and Oracle engineers, Yugabyte is backed by Lightspeed Venture Partners, 8VC, Dell Technologies Capital, Sapphire Ventures, and others. www.yugabyte.com

Yugabyte Raises $48 Million Funding Round to Accelerate Distributed SQL Enterprise Adoption and Fuel Global Expansion

Yugabyte, the leader in open source distributed SQL databases, today announced a $48 million funding round led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC. Coming on the heels of a $30 million capital raise announced in June 2020, the round brings Yugabyte’s total funding to $103 million. The funding will be used to expand Yugabyte’s R&D, sales and customer functions in the EMEA and APAC markets. To support its aggressive expansion plans, Yugabyte will double its headcount in 2021. 

With the new infusion of capital, Yugabyte is building out its engineering, DevOps and support staff in India, Russia and Canada. To turbo-charge these efforts, it recently acquired India-based Falarica.io to accelerate its development and recruiting efforts in the APAC region. The company is also expanding its sales teams in EMEA and APAC because of strong demand for its open source distributed SQL database, and related products and services. 

Enterprise adoption of YugabyteDB continues to accelerate, particularly in the e-commerce, financial services and telecommunications verticals where geographic data distribution, transactional capabilities and horizontal scalability are critical for systems of record. Yugabyte customers include Hudson River Trading, Kroger, Narvar, Turvo, Manetu and Xignite, among others. 

“Today’s business environment demands flexibility and elasticity from database solutions, and distributed SQL is now critical for any organization where developer productivity and application uptime are top priorities. YugabyteDB makes something as fundamental and feature rich as PostgreSQL truly cloud native, resilient, elastic, and distributed,” said Kannan Muthukkaruppan, Co-Founder and President, Yugabyte. “With companies of all kinds accelerating their digital transformation initiatives, technologies that help them accelerate, like YugabyteDB, are in high demand. This new round of funding will position Yugabyte to meet this increased enterprise demand and power our global expansion into key markets." 

Over the past year, organizations have transitioned more work and non-work activities to the cloud, increasing the demand for cloud-native relational database management systems to ensure data is always available and can be accessed at the lowest possible latency. Enterprises and startups in need of increased flexibility turn to YugabyteDB for its PostgreSQL-compatibility and out-of-the-box support for multi-cloud deployments, enabling them to experience the full benefits of true cloud elasticity. 

“Several different trends are intersecting in the enterprise—the exponential growth of data, the acceleration of digital transformation, and the move to cloud—forcing organizations to rethink how they manage their data and creating an opportunity for organizations like Yugabyte,” said Ravi Mhatre, Partner at Lightspeed Venture Partners. “With its unique combination of advanced RDBMS features, high availability, horizontal scalability, and ability to distribute data anywhere in the world, YugabyteDB is already the beating heart of many mission-critical global applications and will soon underpin many more. We're excited for this next stage of the company's growth." 

The funding will also be used to further accelerate enterprise adoption of Yugabyte’s commercial products. Yugabyte Platform, a self-managed private database-as-a-service offering available on any public, private, or hybrid cloud or Kubernetes infrastructure and Yugabyte Cloud, a fully-managed database service currently available on AWS and Google Cloud, have seen broad adoption in the past 12 months. Yugabyte also recently announced YugabyteDB 2.4, a major update including hardened enterprise-grade security features, enhanced multi-region deployment capabilities and significant performance improvements. 

Yugabyte is true open source with its permissive Apache 2.0 license, a position that has helped win customers and drive strong open source community growth. Yugabyte’s open source community members have now deployed more 600,000 clusters to-date and the project’s contributor count is now over 170, with +2,600 community Slack members and over 300 certifications granted in the last 90 days. 

For more information, visit www.yugabyte.com or check out the company blog: https://blog.yugabyte.com/yugabyte-secures-48m-in-funding/.

About Yugabyte

Yugabyte is the company behind YugabyteDB, the open source, high-performance distributed SQL database for building global, internet-scale applications. YugabyteDB serves business-critical applications with SQL query flexibility, high performance and cloud native agility, thus allowing enterprises to focus on business growth instead of complex data infrastructure management. It is trusted by companies in cybersecurity, financial markets, IoT, retail, e-commerce, and other verticals. 

Founded in 2016 by former Facebook and Oracle engineers, Yugabyte was named a 2020 Cool Vendor by Gartner and is backed by 8VC, Wipro Ventures, Greenspring Associates, Lightspeed Venture Partners and Dell Technologies Capital. www.yugabyte.com
 

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