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CDS Posted 21 Percent Growth, Record Revenues in 2021
Wednesday, February 2, 2022
New Technologies, Partner-First Approach to Multi-Vendor Services Adds More than 600 New Data Center Customers
EATONTOWN, N.J., Jan. 25, 2022 /PRNewswire/ -- CDS, the leading provider of Multi-Vendor Services (MVS) for data centers worldwide, today announced highlights of a record 2021 year. CDS achieved its highest annual revenue ever on 21 percent revenue growth compared with 2020, significantly improved profitability, expanded relationships with its OEM partners, and more than 600 new enterprise customers added during the year.
In a year that began with the launch of its new Raytrix MVS platform, CDS redefined what it means to be a true MVS provider and expanded its offerings throughout the year. With pressure on IT organizations ranging from supply chain disruption and delayed shipments of new infrastructure products, to talent shortages and hiring challenges, CDS has stood out for its ability to extend the useful life of installed technology and maintain storage, server and network environments in close partnership with OEMs.
Daniel Newton, CEO of CDS, said, "2021 was a remarkable year for the CDS team, our partners and the data center professionals around the world who rely on us. Our differentiated model is resonating with OEM partners and their major customers as distinctly superior to traditional TPMs (third-party maintenance companies). Our deal sizes are larger and our global footprint keeps expanding."
Key 2021 milestones for CDS included:
-- The launch of the new CDS Raytrix MVS platform, a comprehensive set of
capabilities that extend the useful life of storage, server and network
infrastructure running mission-critical workloads in hybrid cloud
environments
-- The introduction of CDS RapidStart, the industry's fastest service
on-boarding process, as well as Warranty+, CoverageNow, and DiscoveryNow
services to help customers cost-effectively manage change during their
data center lifecycle
-- The new CDS Commit channel program, aimed at helping solution providers
bring the most advanced, comprehensive and complementary infrastructure
services to their enterprise customers on a global basis
-- Expansion into two new regions: India and South America
-- The introduction of the AI-based Nebula engine to streamline the global
sparing process based on historical parts data
-- CDS was named "Multi-Vendor Services Provider of the Year" at the annual
Storage Awards, known as the "Storries"
-- The debut appearance by CDS on CRN's MSP 500 list as a "Technology
Pioneer"
-- Sandi Rygwalski Fryer, CDS Vice President of OEM & Channel Sales, was
recognized among CRN's Women of the Channel
-- Sarah Zambrano was appointed Vice President of Customer Success,
reporting directly to Chuck Cwirka, COO
-- John De Sousa was appointed Vice President, Global Supply Chain, also
reporting directly to Cwirka
CDS and its Raytrix MVS platform extend a full suite of capabilities to a wide range of different OEM hardware platforms, from midrange and high-end storage systems to the most popular server and networking products. CDS partners with the leading data center infrastructure providers to deliver MVS on a global basis in a complementary fashion rather than competing against them the way TPMs do.
About CDS
CDS is the leading provider of multi-vendor services (MVS) for data centers worldwide. Its Raytrix MVS software platform offers a range of mission-critical data center hardware maintenance and support for high-end storage, server and network equipment. CDS offers post-warranty support services through OEMs and channel partners, servicing a diversified customer base throughout the Americas, EMEA, Asia Pacific, and Japan. The company's maintenance and support services are designed to extend the useful life of its clients' IT infrastructure, further increasing return on investment for these systems. CDS employs highly skilled, industry-certified engineers and dedicated account managers globally. Partnering with the leading data center infrastructure providers to deliver MVS on a global basis, CDS is assisting more than 700 customers in 45 countries to unlock spend in the data center across enterprise IT infrastructure with diverse maintenance needs and cost containment requirements.
Media Contact:
Carissa Ryan, CTP for CDS
cryan@ctpboston.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/cds-posted-21-percent-growth-record-revenues-in-2021-301467690.html
SOURCE CDS
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