new to hou
London-based data management tech firm announces new Houston HQ, CEO
As part of a company reorganization, data management startup Solidatus has established Houston as its North American headquarters and has named co-founder Philip Dutton as its Houston-based CEO.
Founded in London in 2017, Solidatus initially focused on supplying data management software to businesses in Europe, the Middle East, and Africa, but has since extended its reach to North America. Overall, Solidatus employs more than 110 people. It plans to triple its U.S. headcount over the next year.
“Solidatus serves visionary organizations that desire streamlined access and clarity of their data to build smarter and more profitable businesses. That’s everyone from Fortune 500 companies that have an unmanageably complex data landscape to startups and scale-ups that want to optimize their data practices from the get-go. There is no greater concentration of these organizations than in the U.S.,” Dutton, who had been the co-CEO, says in a news release.
Dutton had shared co-CEO duties with the other co-founder, Philip Miller. Miller now holds the newly created role of chief innovation officer.
“We are extremely pleased that Solidatus chose Houston as their North American headquarters," says Susan Davenport, chief economic development officer of the Greater Houston Partnership. "Solidatus’ announcement solidifies the region’s position as a top U.S. metro for business relocations and expansions due to its global connectivity and access to a well-developed suite of key global industries, including energy, life sciences, and aerospace.”
Sheldon Feinland, the company’s newly installed New York City-based vice president of global sales, says year-over-year growth of 300 percent in North America is “well within our grasp.” The startup’s customers are in the financial services, health care, insurance, retail, manufacturing, and government sectors.
“We’re focused on creating unique solutions that untangle the messy world of data,” Feinland says. “This way, data becomes easier to work with, and we can maximize the potential of the organizations that house it.”
In 2021, Solidatus raised $19.2 million in a Series A funding round led by AlbionVC with participation from two customers, Citi and HSBC. Much of that money is being spent on the company’s North American expansion.
“We are at a point in the company’s progress and diversification across industries when new ideas are at an all-time premium. Now is absolutely the best time to take on this important new role,” Miller says.