The New Globalscape: Focused on Evolving Data Requirements
Today is an important day for Globalscape. As we’ve been alluding to on previous earnings calls, we have been carefully planning and evaluating our options for how to best invest in technologies adjacent to our managed file transfer platform, Enhanced File Transfer (EFT). This is all in an effort to ensure our continued growth for years to come. Clearly, we haven’t taken this task lightly.
After more than a year of work, we are thrilled to finally be able to share the result of those efforts with the release of Kenetix, our integration platform as a service offering (iPaaS). iPaaS is a technology that connects sets of cloud-based applications together so that data can be integrated and used more effectively, efficiently and intelligently.
This technology is a new form of data integration that specifically ties together cloud applications like Salesforce, NetSuite, Marketo, Sharepoint, and more. The platform reduces the complexity of connecting applications, data and processes, while allowing an organization to take full advantage of its technology investments. Kenetix is simple enough for non-technical staff or department heads to use, but powerful enough to provide the control, security and automation that corporate IT measures require.
Of course, we have more details about the ins and outs of Kenetix available now, with more to come. We would encourage you to dive in and explore further.
With the release of Kenetix, we are evolving as a larger organization. To Globalscape, the introduction of data integration is a natural complement to the work we’ve been doing in the managed file transfer space. We continue to focus on empowering organizations to better control and manage their data, but with Kenetix, our customers will have a powerful and versatile new tool to integrate and harness the power of their data in ways they’ve never been able to before.
The iPaaS market itself is also a significant area of growth, with the market size estimated at $700 million in 2016 and projected to hit the $1 billion mark in the next few years (with a growth rate between 14% to 20% from now until 2020) , according to industry analyst firms. Such a rapidly growing market has immense opportunities tied to it and we are excited to hit the ground running.
It’s important to note that as we transform as a company, we will not forget our core business. As we launch and take Kenetix to the market, we also plan to continue the work we’ve invested in EFT in earnest. We’ve already demonstrated our commitment to EFT with the recent launch of EFT Insight – and we have more functionality planned for our MFT platform that we hope to release before the end of the year. The addition of Kenetix is an opportunity for our organization to grow and transform to better serve our customers’ needs.
Now, more than ever, data is the lifeblood of every organization. We remain committed to protecting, managing, moving—and now integrating and harnessing—this precious commodity. We believe that in doing so, we can unleash the power of that data.
We’re excited about what’s to come and can’t wait to share more about Kenetix, EFT and the new Globalscape.