SOURCE: Cartesis Inc.

April 05, 2007 09:22 ET

Cartesis Achieves 29% License Revenue Growth in Third Quarter

Extends North American Momentum With 108% Growth in the First 9 Months

NORWALK, CT -- (MARKET WIRE) -- April 5, 2007 -- Cartesis, the world's leading specialist in finance and performance management software, today announced strong third quarter momentum including 29% growth in license revenue for the third quarter and key global wins including Alstom, Areva, BUT, Densei lambda (Japan), SPIE, Lafuma, Neuf Cegetel, IMS, Vivarte, J&T Prague, ACS Switzerland, GFK Germany.

In North America, Cartesis achieved 108% growth during the first nine months of FY07. The result of an energized management presence in North America and its ability to capitalize on the elevated awareness for both performance management solutions and for Cartesis specifically, this momentum builds on 57% growth in the region during 2006. Key wins in North America include CharterMac, Desjardins, Hexion, and Suez. During this same time period, existing customers PepsiAmericas, CH2M Hill, Sysco, Sandy Spring, and Spectrum have achieved compelling process and reporting successes which will be showcased on April 26 during a webcast.

Following Oracle's recent acquisition of Hyperion, Cartesis introduced a compelling migration package including a proof of concept application and discounts offered on Microsoft SQL Server 2005. The company also announced its entry into the FGRC market in Q3, extending its performance management suite with the future release of Cartesis Governance.

"Our third quarter has delivered an excellent combination of customer success, product innovation and financial results," says Didier Benchimol, CEO of Cartesis. "I am confident that as we integrate performance management and FGRC, our increasingly differentiated product line will continue to fuel our momentum and growth. We are shaping the future of a tremendously exciting software market."

About Cartesis

Cartesis is the world's leading specialist in finance and performance management software with more than 1,300 corporate customers, 600 employees and 200 consultants worldwide. Created in 1990, Cartesis provides insight, control and confidence by unifying information, people and processes at demanding multinationals like Air France KLM, Cargill, Danone, Diageo, Nissan, Société Générale and Standard Life. One in four of Fortune Global 100 companies rely on Cartesis' deep financial expertise and standard-based technology for compliance, financial consolidation, management reporting, planning, budgeting, forecasting, intercompany reconciliation; all unified in a single data-model that can be leveraged by internal and external users. Cartesis' partners include Accenture, Bearing Point, Compuware, Ernst & Young, HP, KPMG, Microsoft and PricewaterhouseCoopers. Cartesis has customers in 44 different countries and offices in Brussels, Frankfurt, London, Norwalk (CT), Paris, Tokyo, Toronto and Utrecht. For more information, go to http://www.cartesis.com.

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Contact Information

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