Rosslyn brings ‘big data’ to the forefront

Rosslyn Data Technologies PLC provides data management and analytics services to businesses through RAPid, a platform that automatically extracts, aggregates, improves and organises data and documents for analysis.The company also has a research arm, RAPid Labs, which works with both private sector organisations and universities to develop new technology projects covering a wide range of areas including machine learning, cognitive computing, and predictive analytics.Inflexion points• In April, the company appointed finance veteran Ash Mehta as its chief financial officer. At the time Rosslyn said Mehta, who did a stint as finance director of Northbridge Industrial Services between 2007 and 2011, had substantial CFO experience in growth companies, both public and private• Earlier in the month the firm said it had inked a refinancing deal that included a new three-year £1.5mln secured debt facility is with Clydesdale Bank with an interest rate of 7.75% plus 3 month LIBOR. The fund would be used to cover the debt assumed as part of its acquisition of Integritie (UK) Limited in April 2017 and provide some working capital• In February the company won three contracts for its supply chain analytics solutions carrying a combined value of over £500,000 as well as options to extend beyond the initial terms and add additional service capabilities• In its half-year results in November, Rosslyn reported an underlying (EBTIDA) operating loss of £213,477, smaller than the £1.1mln loss a year ago, while revenues climbed to £3.5mln from £3.2mln previously. The group’s gross profit margin was also up 3.5% on the year-ago period at 78.4%, while annual recurring revenue carried forward rose 12% to £5mlnBlue SkyRoger Bullen, Rosslyn’s chief executive, said that the contract wins secure in February demonstrated “continued demand” for the group’s data services in the supply chain and procurement data analytics market, adding that the wins “underpin the progress we are making in increasing our average annual contract value, which continues to grow, and lifts our [annual recurring revenue] to over £6mln”.With shares trading at around 7.1p as of 20 May, Rosslyn carries a market cap of £13.7mln.

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Airbyte Racks Up Awards from InfoWorld, BigDATAwire, Built In; Builds Largest and Fastest-Growing User Community

Airbyte | January 30, 2024

Airbyte, creators of the leading open-source data movement infrastructure, today announced a series of accomplishments and awards reinforcing its standing as the largest and fastest-growing data movement community. With a focus on innovation, community engagement, and performance enhancement, Airbyte continues to revolutionize the way data is handled and processed across industries. “Airbyte proudly stands as the front-runner in the data movement landscape with the largest community of more than 5,000 daily users and over 125,000 deployments, with monthly data synchronizations of over 2 petabytes,” said Michel Tricot, co-founder and CEO, Airbyte. “This unparalleled growth is a testament to Airbyte's widespread adoption by users and the trust placed in its capabilities.” The Airbyte community has more than 800 code contributors and 12,000 stars on GitHub. Recently, the company held its second annual virtual conference called move(data), which attracted over 5,000 attendees. Airbyte was named an InfoWorld Technology of the Year Award finalist: Data Management – Integration (in October) for cutting-edge products that are changing how IT organizations work and how companies do business. And, at the start of this year, was named to the Built In 2024 Best Places To Work Award in San Francisco – Best Startups to Work For, recognizing the company's commitment to fostering a positive work environment, remote and flexible work opportunities, and programs for diversity, equity, and inclusion. Today, the company received the BigDATAwire Readers/Editors Choice Award – Big Data and AI Startup, which recognizes companies and products that have made a difference. Other key milestones in 2023 include the following. Availability of more than 350 data connectors, making Airbyte the platform with the most connectors in the industry. The company aims to increase that to 500 high-quality connectors supported by the end of this year. More than 2,000 custom connectors were created with the Airbyte No-Code Connector Builder, which enables data connectors to be made in minutes. Significant performance improvement with database replication speed increased by 10 times to support larger datasets. Added support for five vector databases, in addition to unstructured data sources, as the first company to build a bridge between data movement platforms and artificial intelligence (AI). Looking ahead, Airbyte will introduce data lakehouse destinations, as well as a new Publish feature to push data to API destinations. About Airbyte Airbyte is the open-source data movement infrastructure leader running in the safety of your cloud and syncing data from applications, APIs, and databases to data warehouses, lakes, and other destinations. Airbyte offers four products: Airbyte Open Source, Airbyte Self-Managed, Airbyte Cloud, and Powered by Airbyte. Airbyte was co-founded by Michel Tricot (former director of engineering and head of integrations at Liveramp and RideOS) and John Lafleur (serial entrepreneur of dev tools and B2B). The company is headquartered in San Francisco with a distributed team around the world. To learn more, visit airbyte.com.

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