SOURCE: Pentaho Corporation

Pentaho Corporation

January 13, 2011 09:00 ET

Pentaho Announces Record Growth, Adds 400 New Customers

2010 Most Successful in Company's History Representing 120% Bookings Growth

ORLANDO, FL--(Marketwire - January 13, 2011) - Pentaho Corporation, the open source business intelligence (BI) and data integration leader, today announced the most successful year in company history represented by 120 percent bookings growth, over 400 new customers and rapid expansion of the global partner network during 2010. This momentum has helped solidify Pentaho as the leading OSBI provider helping to address some of the most demanding needs for its thriving worldwide customer base.

2010 highlights include
Company Momentum

  • Closed 2010 fiscal year with 120 percent year over year bookings revenue growth in a wide range of industries including finance, healthcare, government, education and digital media and growth of all business sizes;
  • Realized record bookings across all major geographic regions and channels;
  • Expanded field operations growing the team in Europe and opening an EMEA headquarters in Stockholm, Sweden;
  • Forged key partnerships with Accenture, Amazon Web Services, Cloudera, CapGemini, Ingres Vectorwise and other leaders in their respective industries.

Customer Momentum

  • Helped customers such as Aspiro, London Oncology Clinic, Marketo, Scholarship America, Sheetz and TV2 make faster and better business decisions that positively impact their bottom lines;
  • Received top ratings and recognition from end-users and top analysts for high value, cost effective solutions. Pentaho was recognized in "Wisdom of Crowds Business Intelligence Market Study™" by Howard Dresner as a top-rated open source vendor in value and consulting services. In the report, "Lowering the Cost of Business Intelligence With Open Source," Mark Madsen of Third Nature documented customer cost savings of up to 90% on BI projects through use of Pentaho.

Product Leadership

  • Maintained a rapid pace of innovation and vision in 2010 with five major releases and successful investments in data and information management:
    1. Pentaho Agile BI -- Pioneered Agile BI with the release of Pentaho Data Integration 4.0, helping companies speed-up the BI development cycle.
    2. Pentaho for Hadoop -- The first in the industry to announce and deliver on support for Apache Hadoop making it easy to analyze vast amounts of data.
    3. Pentaho On-Demand -- Delivered Pentaho BI in the cloud with Pentaho On-Demand and 72-Hour Challenge addressing business need for rapid, flexible and low-cost BI solutions.
    4. Pentaho for iPad -- The first to bring Ad Hoc Analytics to the Apple iPad.
    5. Pentaho Enterprise Data Services Suite -- Delivered a suite including the latest technology advancements in Data Integration, Big Data and Cloud Data Services.
  • Received praise for Agile BI, customer adoption and success winning several industry awards including the Ventana Research Leadership Award, InfoWorld Bossie Award and CRN Emerging Technology Award.

Quotes and Multimedia

"As a pioneer of commercial open source we broke down the barriers of cost and accessibility of business intelligence and data integration for our customer base. Now, we've taken our technology and cost benefits to the next level, bringing not just the necessary but the newest, modern functionality to users at a fraction of the price of proprietary offerings," said Richard Daley, founder and CEO of Pentaho. "2010 was a banner year: fast growth, unmatched innovation, a thriving community and attracting top talent and customers from our competitors."

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About Pentaho Corporation
Pentaho Corporation is the leader in open source business intelligence (BI), data integration and ETL, and Big Data analytics. Thousands of global organizations deploy Pentaho software to make faster and better business decisions that positively impact their bottom lines. Pentaho provides a comprehensive BI suite that includes capabilities for Hadoop, data integration/ETL, modeling, data mining, analysis, reporting and dashboards. The Pentaho BI suite supports the company's Agile BI initiative, which enables organizations to build BI applications more quickly, respond to business changes more easily and expedite time-to-value for up to 90% less cost than traditional BI vendors. Pentaho was founded in 2004 and is headquartered in Orlando, FL, USA. For more information, visit www.pentaho.com or call +1 866-660-7555.