Sell-Side Technology Awards 2022: Best sell-side data management product—Solidatus

OVERVIEW

Solidatus is a metadata management platform designed to speed up data projects by cutting discovery time, reducing risk and costs, and streamlining implementation timeframes. According to the London-based firm, it is the only tool currently on the market that provides users with organization-wide understanding and control of their data, allowing them to visualize their data lineage, and providing them with the knowledge and context they need to make better decisions and operate more efficiently. 

Solidatus is technology-agnostic and can leverage existing software. It provides multiple connectors, importers, and an open API to ingest and catalog metadata from multiple sources. This helps to create and combine reusable building blocks to deliver holistic, end-to-end data supply chains to solve multiple business and governance challenges.

THE SOLUTION

During 2021, a tier-one bank with over 40 million customers, operating in 64 countries, was experiencing challenges around data sharing across the firm due to regulatory complexity and manual legal and operational processes. Within six months of implementing Solidatus, the bank achieved increased value from data tied up in complex processes and was able to provide instant answers to data requests, remove operational bottlenecks and gain a firm-wide view of data sharing. In August 2021, Solidatus was selected by British Business Bank to enhance its end-to-end data management, data governance and data lineage capabilities. 

WHAT’S TO COME

In February 2022, Solidatus established its new US headquarters in Houston, Texas. Co-CEO and co-founder Philip Dutton relocated from the company’s global headquarters in London to drive Solidatus’ North American strategy and expansion, while co-CEO and co-founder Philip Miller will continue to head up the London office. 

WHY THEY WON

It goes without saying that the best sell-side data management platform category is one of the most competitive of all 28 individual categories on offer in these awards. London-based Solidatus wins its first ever WatersTechnology award, thanks to its eponymous offering designed to address data lineage, throughput and sharing issues, thus allowing firms to make the most accurate, repeatable and transparent business and investment decisions.