Global BI Leader closes 2007 with its 2 largest deals in history
TORONTO, ON (February 6th, 2008) – Panorama Software, a global leader in Proactive Business Intelligence solutions, today announced79% year over year growth within its Enterprise Software Division.
“2007 was a year of significant challenge and consolidation within the BI industry, yet it was a banner year for Panorama software. We secured the two largest client agreements in the company’s history, grew enterprise sales by 79%, and strengthened our market share with SAP customers. We are executing on our vision of being the company that puts BI in the hands of more users and break the glass ceiling of 25% adoption of BI.” said Eynav Azarya, CEO, of Panorama Software
This followed the launch of Panorama’s latest product designed to support the two most pervasive BI platforms, SAP NetWeaver BI (BW) and Microsoft SQL Server Analysis Services. For customers who have made a strategic investment in NetWeaver, Panorama offers today the easiest to most comprehensive and intuitive front end to SAP BW that compliments BEx and the tools in use by SAP customers. For customers using the Microsoft BI platform, Panorama has provided a single enterprise grade solution that meets all needs in a comprehensive, cohesive suite. Panorama’s solution also works for customers who run multiple BI platforms and look for a consistent front end for their users.
Panorama also saw significant partner growth in 2007, and will continue that momentum in 2008. Panorama will expand its global footprint with partnerships including one with OCT, a full-service IT consulting firm in Japan; Spiral Solutions, an interactive marketing agency currently focused on Eastern Europe’s business community; and Digital Design, a Russian-based software development company.
Also in 2007, Panorama Novaview was installed and test driven by over 1000 new companies around the world following the launch of the first BI virtual appliance which enables customers to deploy a full-featured version of NovaView at no cost and no obligation. The NovaView virtual appliance is pre-configured, pre-installed and ready to run on a virtual server technology. It is available for download at www.panorama.com.
Panorama was recognized by Information Week and IDC as the second fastest-growing BI vendor in the industry and the “Company to watch” by Business Intelligence Magazine. The company was recommended by Gartner as a leading front-end for both Microsoft and SAP BI platforms. These opinions were validated in The OLAP Report where Panorama® NovaView™ was recognized as the leading solution for OLAP platforms, ahead of general-purpose BI vendors. As the 2007 OLAP Reports states “…Panorama is now thriving. It has moved upmarket, and is clearly targeting the larger organizations that want a more optimized OLAP client…”
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 Proactive Business 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). Through Panorama NovaView, end users are empowered 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, which was rebranded as SQL Server Analysis Services and integrated into the SQL Server platform. 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