SOURCE: Pentaho Corporation

September 22, 2009 08:00 ET

Développement International Desjardins Selects Pentaho Business Intelligence to Support Global Microfinance Initiatives

Leading International Micro Financial Support & Investment Corporation Chooses Pentaho to Strengthen Micro Financial Intelligence Capabilities and Deliver Affordable Insight to Partners

ORLANDO, FL--(Marketwire - September 22, 2009) - Pentaho Corporation, the commercial open source alternative for business intelligence (BI), today announced that Développement International Desjardins (DID), a part of the Desjardins Group, the largest cooperative financial institution in Canada, has selected Pentaho BI Suite Enterprise Edition over proprietary BI software to improve service to its microfinance partners through advanced financial reporting and analysis.

DID is a component of the Desjardins Group, the largest cooperative financial group in Canada, and has provided technical support and investment for the creation, development and strengthening of financial institutions around the world. After nearly four decades of business evolution, DID sought a modern, comprehensive business intelligence solution to replace its internally developed application. To meet the needs of its microfinance institution managers, the solution needed to provide a full range of capabilities for extraction, transformation and data loading, reporting, interactive analysis, dashboards and data mining. Pentaho was selected after thorough review of other market-leading products and a conclusive proof of concept.

Pentaho BI Suite Enterprise Edition, the world's most popular commercial open source BI suite and backed by the support and expertise of Pentaho, enables DID to improve service to its international microfinance partners and offer competitive financial intelligence solutions at a much lower cost than would be possible with traditional, proprietary BI software. DID now has a solution that lets its microfinance savings and credit co-operatives throughout the world analyze financial statements and business performance indicators and take effective follow-up actions required by the individual microfinance organizations' councils.

"We needed a comprehensive and affordable solution to offer to our partners around the world," said Jacques Pelletier, senior IT consultant at DID. "Pentaho BI Suite Enterprise Edition provides world-class software and professional support so we can be successful quickly and for years to come."

About Pentaho Corporation

Pentaho Corporation is the commercial open source alternative for Business Intelligence (BI). Pentaho BI Suite Enterprise Edition 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 commercial open source BI suite. Pentaho provides support, services, and product enhancements via an annual subscription that can lower total cost of ownership by 90% compared to traditional, proprietary BI offerings. Since its 2004 founding as the pioneer in open source BI, Pentaho's products have been downloaded more than five million times, with production deployments at companies ranging from small organizations to The Global 2000. For more information, visit www.pentaho.com.

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