SPOTFIRE SCORES ANOTHER RECORD FIRST HALF
Information Advantage Drives Demand for DecisionSite’s Visual Analytics Applications Across All Market Segments
August 16, 2005
Spotfire, Inc., (http://www.spotfire.com, a market leader in interactive, visual analytics for business decision-making, today announced record results for the first half of 2005. The company is on track to achieve its revenue goal for the year, growing at three times the market rate for business intelligence platforms. The results validate an expanding awareness of the new business value to be gained from business analytics software.
Drivers for the business included strong European growth across multiple industries, as well as accelerated adoption of Spotfire(R) DecisionSite(R) business analytics at semiconductor manufacturing companies in Asia/Pacific. In addition, Spotfire continued its strong performance in industry and government in the U.S., led by significant demand for its recently released sales and marketing analytics application, which enables customers to combine sales force performance and customer segmentation analysis — focusing their sales organizations on their most profitable customers. Organizations purchasing DecisionSite for business analytics included a leading consumer goods company that signed a significant multi-year contract with Spotfire, a major oil and gas company and other major international brands.
“Companies are beginning to realize that investing in a business analytics solution will deliver a bigger return than any other technology investment,” said Christopher Ahlberg, Spotfire CEO. “Business analytics gives companies the competitive differentiation required to win.”
In May, Texas Instruments, Inc. awarded Spotfire the TI 2004 Supplier Excellence Award. Spotfire was chosen from TI’s worldwide base of more than 18,000 suppliers as a result of its outstanding performance and continuous improvement in supplying Texas Instruments with powerful and interactive, visual data analytics applications and services to extract insight and analysis advantages from their investments in business information.
During the second quarter, Spotfire announced a number of key partnerships, including a three-way alliance and collaboration with InforSense and a leading global pharmaceutical company, to drive innovation in discovery application management (see May 17, 2005 press release: http://www.spotfire.com/news/press_releases/detail.cfm?id=5996). Also in May and based on numerous customer requests, Spotfire and SciTegic announced the integration of DecisionSite with SciTiegic’s Pipeline Pilot using Spotfire’s Computation Services offering. In addition, the company expanded its relationship with Insightful Corporation to deploy the power of S-PLUS(R) analytics within DecisionSite in a series of integrated solutions tailored to extract significantly more value from customers’ business data and answer challenging operational questions across Global 2000 businesses.
Another major milestone was the expansion of the company’s relationship with In-Q-Tel, the independent non-profit venture capital group funded by the Central Intelligence Agency, to broaden deployment of Spotfire DecisionSite to meet the needs of the federal government.
Spotfire, Inc. provides interactive, visual data analytics applications and services that empower enterprises and their end-users to improve operational performance and gain an information advantage over the competition. Over 25,000 users in close to 1,000 organizations around the world use Spotfire DecisionSite to drive confident decision-making by quickly and easily spotting trends, outliers and unanticipated relationships in critical business data. The company maintains U.S. headquarters in Somerville, Mass., and European headquarters in Goteborg, Sweden. Additional information can be found at http://www.spotfire.com.
Spotfire and DecisionSite are registered trademarks of Spotfire, Inc. Other company or product names may be the trademarks of their respective owners.