I’m thrilled to share that we’ve secured a significant investment from 3i Group plc, a leading international private equity and infrastructure investment management firm.
Through our solid organic growth and strategic acquisitions, Magnitude more than tripled revenue, tripled profits and tripled our global footprint in 3+ years. Suffice it to say, we are primed for our next significant growth phase.
3i, investing alongside me, is the strong financial sponsor with a global network, world-class company portfolio, and systematic approach to international expansion that will support us in achieving our strategic goals, growth objectives and even greater focus on customer success.
Together, we’re winning the data revolution and boldly realizing our vision: to maximize our global acquisition strategy, bolster our technology prowess and rapidly scale our operational platform to drive even greater value to our fast-growing blue-chip customer roster. The 3i relationship will help us achieve that victory.
The 3i partnership will enable us to drive major market share via organic growth and additional strategic acquisitions.
It will accelerate our strategic expansion plans fueled by the exponentially rising data management opportunity; our growing base of over 1,400 customers including 50% of the Fortune 100; the expertise of the Magnitude team across North America, Europe and India.
It will deepen our investment in our award-winning solution portfolio that empowers enterprises to unify fragmented data, deliver actionable insights for critical business decisions and extend the value of infrastructure investments.
With 3i as our financial partner, we look forward to our next chapter of global product innovation, expanding our dominant position in the market, and scaling customer success.
I invite you to read our press release and FAQ for more details.