Wednesday, August 29, 2018

Magnitude In Growth Mode, Nears $100M Revenue Mark

Austin-based Magnitude Software, which develops unified data management software, said recently that it is in the midst of a growth surge, having grown its team by nearly 3 times in the last 3 years. The company--which did announced say how many employees it now has--also said it is closing in on $100M in yearly revenues. According to the company, the growth comes in part to "significant" global expansion, saying that one third of its revenues are now coming from Europe. The company also has been aggressively acquiring companies--the company said it has now acquired seven companies, with the three most recent in less than a year. Magnitude's Chairman and CEO is Chris Ney. Ney told us in July that it now has 600 employees across 11 offices.