Volt Active Data, an enterprise-grade data platform built to enable fast-data decision-making, announced growth in the business driven by expansion in key accounts and the acquisition of new customers leveraging Volt technology to take advantage of the 5G and fast-data world.
Volt has seen a more than 100 percent revenue increase over the past 12 months, with customers such as Amdocs and Dream11 expanding their use of Volt’s platform to support their own growth through the development of new applications. Volt technology now touches the lives of more than 2 billion people worldwide.
“We have encountered even greater momentum in the first half of 2022,” said Volt CEO David Flower. “Associated in large part to the huge opportunities that the convergence of disruptive technologies such as 5G, edge and IoT presents to companies with the right technology in place, we’ve experienced impressive business growth. This continued momentum is supported by an exceptional and consistent 96 percent retention rate, which proves the value that our customers achieve with our technology.”
Among the highlights: Dream Sports’ Dream11, a fantasy sports app with more than 50 million registered users, tapped Volt to support the IPL 2022 season. Volt also has made some new hires, the most recent being Stephanie Freeze. As the Head of Global Alliances, Freeze will help accelerate the company’s expanding global partnerships.
“We are writing the next chapter of our journey,” Flower said. “We’re growing at record pace and it’s no surprise because our technology was designed precisely for this moment… when the convergence of 5G, IoT, and edge computing are placing massive real-time demands on companies and their technology environments.”