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Neo4j, the graph database and analytics company, announced the strategic acqui-hire of 11 full-time specialists from Distributed Technology Associates (DTA) in a major expansion of its global Cloud managed services (CMS) capability. The result gives enterprise customers greater choice in Neo4j deployment models and faster execution, coming at a time when graph is scaling rapidly across hybrid and multi-cloud environments.
DTA founder and CEO Sanjay TIkku will lead the expanded Cloud managed services offering at Neo4j, overseeing teams across the U.S. and India. Neo4j and DTA started their partnership in 2017, providing 24x7 service and support to enterprise customers across North America, EMEA, Asia-Pacific and Latin and South America.
“Customers are leveraging graphs to help solve their most pressing business challenges, from generative AI to fraud detection, customer 360, knowledge graphs, supply chain and more,” said Alyson Welch, Chief Revenue Officer, Neo4j. “This is due to graph’s unique ability to find hidden relationships and patterns across billions of data connections. As graph scales across multiple data environments, it simply made sense to integrate Sanjay and his brilliant team of Neo4j CMS experts within Neo4j itself.”
The acqui-hire follows a series of acknowledgements for the company. In December 2022, Neo4j was recognized for the first time in the Gartner Magic Quadrant for Cloud Database Management Systems, which was also the first time that any native graph vendor had been recognized. Other milestones included the general availability last Neo4j 5 last November, the company's next-generation cloud-ready graph database, rapid adoption of its Graph Data Science analytics and machine learning platform, continued double-digit growth in 2022 after crossing $100 million in annual recurring revenue (ARR) in 2021, and major innovations following last year's raise of the largest funding round in database history.
“Graph solves a pain point for enterprises who otherwise find it increasingly complex, painstaking, slow, and expensive to manage and understand the relationships across billions of data connections,” said Sanjay Tikku. “This is why Neo4j’s technology is used today by more than 75 percent of the Fortune 100 – and it’s just the beginning. I’m thrilled to provide customers with more choices and control over Neo4j deployment models, enabling them to achieve scale, performance, efficiency, and compliance.”