Product Leadership & Execution Drive Triple-Digit Subscription Bookings Growth
Orlando FL. - Jan 30, 2008 - Pentaho Corp., the commercial open source alternative for business intelligence, today announced record results for its fiscal fourth quarter ended December 31, 2007. Subscription bookings tripled from the same period in 2006, driven by major product releases delivered during the year, strong sales execution, and a consistent business strategy since the company's founding in 2004 as the pioneer in commercial open source business intelligence.
Customer Wins and Commercial Traction
Rapid Product Evolution
Community Investment, Recognition, and Partnerships
These results reflect the market need for an affordable alternative to proprietary BI. A recent public research preview from Aberdeen Group cited growing alarm among CIOs at the Total Cost of Ownership (TCO) of BI, with survey respondents indicating that their top two initiatives to reduce BI costs will be open source licensing and subscription licensing. The same report cited Pentaho customer Boyne Resorts as a real-world proof point for the TCO savings achievable with commercial open source BI. The report is available at http://www.aberdeen.com/c/report/research_previews/4685-RP-tco-of-business-intel.pdf
"Our record results in the fourth quarter reflect our consistent vision and strategy, and our solid and stable executive team," said Richard Daley, CEO of Pentaho. "More and more of the world's largest companies and public sector organizations are choosing Pentaho for business intelligence, and we look forward to working with our community to build on our shared success in 2008."For more information on Pentaho, see www.pentaho.com.
Pentaho Corporation is the commercial open source alternative for Business Intelligence (BI). Pentaho Open BI Suite provides comprehensive reporting, OLAP analysis, dashboards, data integration, data mining and a BI platform that have made it the world's leading and most widely-deployed open source BI suite. Pentaho's commercial open source business model eliminates software license fees, providing support, services, and product enhancements via an annual subscription. In the years since Pentaho's inception as the pioneer in commercial open source BI, Pentaho's products have been downloaded more than 3 million times, with production deployments at companies ranging from small organizations to The Global 2000.
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