Agile BI Saves Customers Billions

Pentaho Wraps Third Consecutive Record Quarter and Surpasses Key Customer Cost Savings Milestone

Orlando, FL, – July 20, 2010 – Pentaho Corporation, the open source business intelligence (BI) leader, today announced it surpassed the $2 billion mark during Q2 in terms of cumulative customer savings on business intelligence and data integration license and maintenance costs. Companies are taking notice of Pentaho’s Agile BI Initiative making applications quicker to build, easier to adapt and faster time to value resulting in Q2 being Pentaho’s strongest quarter in company history for the third straight quarter. This momentum is driven by several first-to-market product announcements, delivery on Pentaho’s Agile BI initiative and global growth.

NEWS SUMMARY

Customer and Partner Adoption
Pentaho more than doubled new Enterprise Edition Subscriptions from Q2 2009 to Q2 2010. These figures represent customers that have purchased an annual subscription to Pentaho Enterprise Edition products, not simply product downloads or the purchase of documentation, training or per-incident support. A sampling of new Enterprise Edition customers signed in Q2 include: Digium, TV2, Gemeente Winterswijk, Banelco, Central Tanshi FX and New Brunswick Community College.
Pentaho also welcomed several cloud, SaaS and OEM Partners in Q2 including ESRG, PhenotypeIT, MindLeaders and Bayes Forecast.

• Pentaho was named by CRN as an Emerging Vendor, chosen for delivering high margins for solution providers via innovative and easy-to-use technology.
• In Lowering the Cost of Business Intelligence with Open Source, Mark Madsen, president of Third Nature, found Pentaho to save firms up to 90% on large BI projects and reveals how firms are saving hundreds of thousands, if not millions, of dollars with open source BI.
• The Dresner Advisory Services, The Wisdom of Crowds Business Intelligence Market Study™, showed that Pentaho is the clear leader in OSBI ranking above other OSBI vendors in every category and #1 in the emerging vendors for value and consulting.
• Pentaho was ranked in the top 10 of the VAR Guy Open Source 50, listed for the second year in a row.

Product Innovation
Pentaho led the industry with a series of market firsts that added to Pentaho’s commanding lead in the race to deliver Agile BI. During the quarter, Pentaho:

• Delivered a major milestone in Pentaho’s Agile BI initiative with the general availability of Pentaho Data Integration Enterprise Edition 4.0 and Pentaho BI Suite Enterprise Edition 3.6. 
• Announced the industry’s first complete, end-to-end data integration and business intelligence platform to support Apache Hadoop, creating a single visual development environment that dramatically simplifies the creation of applications for analyzing massive volumes of information.
• Became the first vendor to deliver an on-demand BI suite, providing secure, flexible subscription options that give customers complete control over how the solution is deployed and managed—by Pentaho, by the customer, or by both.
• Announced the availability of an on-demand evaluation environment and the 72-Hour Challenge, allowing enterprises to easily test drive the Pentaho BI Suite with their own data but without requiring any of their own hardware and personnel assets and receive results within three days.

Global Growth
During the quarter, Pentaho expanded its global presence. Pentaho:

• Launched a German-language website to service its growing customer base in Germany, Austria and Switzerland.
• Launched a series of 16 webcast on Agile BI in five local languages across Europe and held multiple live events in Rome, Munich, Frankfurt, Madrid, UK and Oslo.
• Dominated the Nordic media industry announcing customer success with TV2, Norway’s largest commercial television channel and Asprio, the largest media group in the Nordics.

Strong Management Bench
Pentaho added more stars to its executive bench, bringing on seasoned veterans in open source, BI and DI. In addition, the company continued to grow its industry staff depth and expertise, adding a number of personnel from competitors.
Pentaho named:

• Tom Leonard, previously of JBoss, as executive vice president of business development.
• Joe Nicholson, previously with Informatica, as vice president of product marketing.
• Vinay Joosery, previously with Oracle, as the vice president of sales for the EMEA region.

QUOTES AND MULTIMEDIA

“Achieving a record quarter for the third quarter in a row, along with our momentum in every other area of the company, sends a very clear signal that we are delivering the right BI capabilities using the right technologies with the right cost structure for a growing number of enterprises around the world,” said Richard Daley, founder and CEO of Pentaho. “We set out to commoditize the BI market and we are achieving great success. This is good news for us but great news for customers.”

“We are seeing an increasing number of wins against the proprietary giants because of our technology, value and services,” said Lars Nordwall, vice president, Worldwide Sales at Pentaho. “We have also experienced tremendous interest from our competitors’ sales personnel wanting to come to work for us. They have been impressed with our sales process, professionalism and high customer satisfaction level.”

• Tweet this: Epic Q2 results from @Pentaho: $2B+ in Agile BI Savings, product innovation & global growth http://bit.ly/cI7StD. 
• Read the “Top 10 reasons behind Pentaho’s success” by Richard Daley, founder and CEO of Pentaho on the BI from the Swamp Blog http://blog.pentaho.com/.

• Multimedia elements such as headshots, screenshots and demonstrations can be found in Pentaho’s digital newsroom.

About Pentaho Corporation

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