CDS Continues YoY Growth with Partner-First Approach to Multi-Vendor Services
Company achieved record growth with 619 new customers, expands executive team
EATONTOWN, NJ., Jan. 31, 2023 – CDS, the leading provider of multi-vendor services (MVS) for data centers worldwide, today announced record YoY growth, with a 15% increase in revenue, compared to 2021. In addition, the company continued to expand relationships with its OEM partners, added more than 600 new customers, and elevated their executive team with the appointment of Mark Nickel as Chief Financial Officer.
CDS launched two significant updates to their software platform with a keen focus on elevating efficiency and cost-effective ways to optimize data centers. With economic uncertainty becoming more of a factor for enterprises to assess, CDS is continuing to work closely with partners to ensure they are continuing to get the most value out of their data centers.
CDS ’ Raytrix MVS platform launched the Enterprise Pricing Module, fueling expansion and innovation for customers to get the quotes they need for their data center maintenance at a faster rate than normal industry standards. The latest update enables partners to speed up new revenue opportunities by generating pricing quotes more rapidly and automatically through direct access to the CDS pricing engine.
In addition, CDS launched the Data Center Modernization Assessment Service, created to help their partners quickly identify opportunities to unlock savings in older enterprise systems and help fund strategic initiatives to meet the rising demands of their customers. In addition, this service has expanded monitoring capabilities which nearly doubled the ability to align with more enterprise storage systems, to identify and rectify potential problems before they can affect performance
“Our partner-first approach, coupled with our deep industry expertise, continues to build trust with our OEM partners and their major customers,” said Daniel Newton, CEO of CDS. “With economic uncertainty being a top concern for many enterprises today, we’re looking out for their cost and operational efficiencies so they can focus on meeting the needs of their customers. In 2023, CDS is looking to expand our global footprint by increasing recognition of the strategic and cost-effective importance that multi-vendor services can bring to data centers and IT organizations worldwide.”
In a continuation of growth for the company, Mark Nickel has joined CDS as Chief Financial Officer, bringing over 35 years of industry experience. In his new role, Nickel will be in charge of all global finance functions.
Key 2022 milestones for CDS included:
15% growth in revenue
Balanced performance across NA, EMEA and APAC
The launch of the new Raytrix MVS Enterprise Pricing Module, enabling partners to speed new revenue opportunities.
The launch of the new Data Center Modernization Assessment Service, aimed at helping organizations understand and realize their potential for cost savings as hardware refresh cycles become longer and modernization initiatives need funding.
CDS was named to the 2022 CRN Solution Provider 500 and the Channel Futures MSP 501
Talent growth for the company continued with leadership hires including Mary Terry as Controller, Carmen Soto as Vice President, Customer Support Operations, and promotions of Sarah Zambrano to Vice President, Customer Success Management and Josh Desousa to Vice President, Supply Chain & Logistics.
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 third-party maintenance companies (TPMs) do.
