HiQ's partner Frends has been recognized in the 2023 Gartner® Magic Quadrant™ for Integration Platform as a Service, Worldwide.
HiQ's partner Frends has been recognized in the 2023 Gartner® Magic Quadrant™for Integration Platform as a Service, Worldwide. Gartner recognizes global iPaaS providers based on their Ability to Execute and Completeness of Vision in the latest Magic Quadrant report.
Gartner® Magic Quadrant™ is a yearly released research in a specific market that provides a wide-angle view and insights on the state of the market and solution providers. This year’s research “assesses 16 vendors to help software engineering leaders select iPaaS solutions that align with their tactical needs and strategic direction.”
“In our view, Frends has presented itself as a highly responsive, close-to-end-user iPaaS. Our top priorities are customer experience and close collaboration with our clients. Frends iPaaS is firmly positioned in Northern and Western Europe, and our newest market addition is Asia, where on top of Malaysia, we already have seven other countries on the way”, says Jukka Rautio, CEO of Frends.
To keep up with the fast-paced digitalization, companies must adopt a more scalable and user-friendly operational model. Frends iPaaS connects and manages data across multiple channels and increases efficiency with automation, diminishing critical business risks and making new business development agile. Altogether 4000 customers, including St1, Orion, Mehiläinen, Oral, and Tokmanni, have chosen the hybrid integration platform that is quick to deploy, visual, and highly appreciated by developers and decision-makers.
The snowballing Frends has spread to 16 countries, and the number of customers has increased six-fold in 2022. The impressive growth figures speak for themselves: Frends’ annual recurring revenue has increased by 44 percent this year, while delivery growth has increased by 28 percent. Moreover, the personnel increase is 33 percent. By 2025 Frends aims to be the market leader in Scandinavia and the top three integration platforms in Europe.
“We are confident about keeping up the growth pace and tripling our customers yearly. We will continue to build the powerhouse Frends is growing into and capitalize on all the capabilities we have built up in recent years. Frends is simply the most developer-friendly and business-oriented integration platform”, says Rautio.
To read the full version of 2023 Gartner® Magic Quadrant™, you can get your complimentary copy here.
Gartner, Magic Quadrant for Integration Platform as a Service, Worldwide, Keith Guttridge, Andrew Comes, Saikat Ray, 24 January 2023.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Frends enterprise iPaaS is a European Enterprise Application Integration Platform as a Service that enables customers to integrate applications in the compliant cloud, hybrid, and on-premises. With Frends, you can develop, manage, and secure all API integrations and process automations within one powerful platform. Lean, low-code, and truly hybrid, Frends is here to support seamless deployments and connections to any system. With Frends, you can save time and money on internal development, build and leverage re-usable and re-sellable integration connectors for your customers.Frends platform was established in Finland in 1988 and has grown rapidly in the Nordic region's domestic markets and internationally, with customers in over 16 countries. Frends and HiQ Finland are a part of the global HiQ group.