Like many technology companies, Boomi has humble roots. They include starting in a small space above a pizza parlor just outside of Philadelphia. The guiding idea was simple. Bringing together all your data, systems, processes, and applications could be much better.
Boomi found its stride with the rise of the cloud and a belief that how you solved integration problems would fundamentally change. And it did. We started a revolution with the world’s first integration platform as a service (iPaaS). By the time Dell Technologies bought Boomi in 2010, the rocket ship had launched.
Today, we’ve seen a decade-plus of runaway growth for our platform and our business. Boomi was positioned as a Leader in the 2020 Gartner Magic Quadrant for Enterprise iPaaS for the seventh consecutive year. We just reached the amazing milestone of 15,000 customers across 75 countries. There’s an incredible Boomiverse community of more than 100,000 members.
I want to express my gratitude to our global customers, partners, team members and countless others who have built this company. Our commitment to customers has never been stronger and we look forward to adding more value to these relationships in the future.
Now, the best is yet to come.
Boomi’s acquisition by a pair of premier private equity firms, Francisco Partners and TPG, was announced last week. Let me be clear: this is fantastic news for Boomi, our customers, and our partners.
This transaction is a “win-win” for everyone. For Boomi and our new owners, this means tremendous opportunity. The deal happened for one reason only. Growth. Francisco Partners and TPG will give Boomi the ability to provide even more capabilities for customers, expand even faster, and create even greater separation from competitors. They plan to invest in Boomi in ways that will carry us to new places.
TPG partner Nehal Raj told the Wall Street Journal something last week that I believe captures the importance of our role in powering the data economy.
“The average enterprise has about 850 applications, and today, less than 30 percent of them actually talk to each other,” Raj said.
That is a vast, business-impacting problem that separates winners from losers. Data is the most strategic asset for every company. Yet 70 percent of applications don’t work together to unlock data pragmatically – making it difficult for businesses to access and then monetize it. Well, no one unlocks data better and faster than we do. That’s why Boomi has grown so quickly and why we are uniquely positioned to help even more businesses worldwide. Francisco Partners and TPG are going to help us do that.
Since we created the iPaaS market, we have consistently led its evolution. We have redefined what it means to be an iPaaS for the modern business world through innovation and acquisitions.
Integration is the bedrock foundation of what Boomi does. Yet it’s only part of what the unified AtomSphere™ Platform accomplishes for customers. What differentiates Boomi is our end-to-end continuum of services that ensures customers get the most from their data, systems, and people.
Boomi enables businesses to discover and prepare data, which is critical when it’s estimated up to 60 percent is hidden. We synchronize and standardize data throughout the business. We enable customers to rapidly create, publish, and manage APIs to any endpoint in a hybrid environment while also supporting partners. We give organizations the ability to create mobile apps providing a 21st century user experience that enhance customer relationships and engage employees in new ways.
Our low-code model with a drag-and-drop interface simplifies the complexity of modern technology landscapes. The need for expensive, time-consuming custom development disappears with Boomi. Many projects are started in seconds, completed in hours, and sometimes even minutes – not the weeks or months required by other platforms. We help make IT teams heroes within their organizations while also empowering business users – citizen integrators – to take more control.
We’ve infused the platform with capabilities such as AI/ML and intelligence to automate project execution. When businesses are more agile and find greater efficiencies, they are more successful. It’s why automation is the hallmark of every element of our platform.
The result is we eliminate the technology fragmentation that holds so many businesses back. In the process, we enable customers to create what we call Integrated Experiences. We instantly connect everyone to everything. People expect nothing less in today’s one-click world.
We’re thrilled about the possibilities of now helping even more businesses succeed. That’s why I say: Watch this space. We’re just getting started.