Panorama Software

Panorama Software

October 30, 2006 09:00 ET

Panorama Software Posts Record Q3 Results

Leading BI Vendor Exceeds Expectations for the Year

TORONTO, ONTARIO--(CCNMatthews - Oct. 30, 2006) - Panorama Software, a global leader in business intelligence (BI) solutions, today announced record results for the third quarter of 2006. The Company grew revenues by more than 22 percent over the same quarter in the previous year, expanded its customer base, and created significant strategic partnerships around the world.

"Panorama continues to demonstrate we are the smart choice for companies looking for BI solutions that amplify the impact of their information workers," said Eynav Azarya, CEO, Panorama Software. "We continue to offer the most complete and innovative BI solution on the market today, and we continue to partner with other market leaders to enhance our solutions and services, and extend them to more organizations around the world. Our strategy to support the two biggest BI platforms, Microsoft® (NASDAQ:MSFT) and SAP® (NYSE:SAP), has been instrumental in enabling us to expand our customer base and continue our growth."

The momentous growth of Panorama Software demonstrates the inherent demand by companies to standardize on a BI application that can go across multiple platforms, harnessing knowledge across the enterprise. Panorama meets the market need by offering the most integrated and collaborative BI solution with Panorama NovaView 5™. Panorama's successful and long-standing partnership with Microsoft, as well as emerging partnerships with SAP, is also key to its overwhelming achievements. A recent Gartner report, "Market Share: Business Intelligence Platforms, Worldwide, 2005" documented a 35.9 percent growth rate for Microsoft Corp.'s business intelligence platform in 2005, and a 130 percent growth for SAP's platform.(1)

Panorama has partnered with SAP to integrate its flagship BI solution, Panorama NovaView, with SAP NetWeaver Business Intelligence. This integration enables SAP customers to truly leverage their SAP NetWeaver BI investment and extend its reach to more business users throughout the enterprise. With Panorama NovaView companies can improve decision making and performance management across the enterprise through intuitive reports, powerful analysis tools, scorecards, dashboards and data modeling applications. The partnership with SAP enables Panorama to demonstrate its vision to offer its world class solution focusing on the large enterprise and excel above competitors including Hyperion, Cognos and Business Objects.

Panorama NovaView 5 is deployed by Fortune 1000 companies in numerous industries including financial services, manufacturing and retail. Its robust functionality and enhanced features provide companies the ability to implement enterprise BI solutions faster and more cost effectively.

About Panorama Software

Panorama Software empowers global organizations with the ability to rapidly identify trends, maximize business opportunities and improve corporate performance and results through enterprise business intelligence and performance management solutions. Panorama® NovaView™, the company's flagship solution, amplifies the impact of the information worker through a tightly integrated and complete suite of analysis, reporting, scorecard, dashboard and data modeling applications that support the two leading Business Intelligence platforms, SAP (NYSE:SAP) and Microsoft (NASDAQ:MSFT). Panorama NovaView allows end users to freely explore their data using scalable and intuitive applications.

Founded in 1993, Panorama is a leading innovator in Online Analytical Processing (OLAP) and Multidimensional Expressions (MDX). Panorama sold its OLAP technology to Microsoft Corporation in 1996 and is now integrated into the SQL Server platform as SQL Server Analysis Services. Panorama supports over 1,000 customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences. Panorama has a wide eco-system of partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com.

All cited names and/or trademarks are the property of their respective owners.

(1) Graham, C. & Somner, D. Gartner Report. "Market Share: Business Intelligence Platforms, Worldwide, 2005." September 20, 2006.

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