More Customers Choosing Agile Business Intelligence Technology Over Traditional BI Platforms
MCLEAN, Va. (April 21, 2011) – LogiXML, the pioneer of web-based business intelligence software, today announced that sales in the first quarter of 2011 increased 80 percent year-over-year and the company achieved its ninth sequential quarter of growth. This comes on the heels of LogiXML’s positioning in the 2011 Gartner Magic Quadrant for Business Intelligence Platforms.*
“The main driver for LogiXML’s continued growth is our ability to capitalize on the fracturing of the BI market whereby companies are adopting more agile BI solutions and moving away from cumbersome traditional BI platforms,” said Brett Jackson, CEO, LogiXML. “Companies today need to quickly deliver critical information to employees, partners and customers in a way that’s interactive, embeddable, and less expensive than traditional BI. Information delivery is where LogiXML excels, and it’s in that BI segment where we’ll continue to increase our market share.”
Recently, organizations such as SAIC, SunGard, and Purdue University have deployed LogiXML products in order to distribute critical intelligence to large numbers of end-users. Unlike traditional BI approaches and toolsets that can take years to develop and implement, LogiXML provides cost-effective, scalable solutions in just a few days that make sophisticated BI accessible to any organization without a large investment in development, services or training.
“Offering web-based BI solutions has placed LogiXML at a considerable competitive advantage, and has enabled us to help companies empower decision makers by getting them intelligence whenever and wherever they need it,” said Jackson.
For more information on LogiXML, please visit www.logixml.com.
About LogiXML
Founded in 2000, LogiXML was the first to market with next generation, web-based business intelligence software. LogiXML provides web-based dashboards, user-friendly reports, and on-demand analysis that enables both technical and non-technical users to make better decisions for their organizations. LogiXML is also known for pioneering a unique, highly embeddable web-based architecture for integration within other products.
About Gartner’s Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Gartner, Inc. Magic Quadrant for Business Intelligence Platforms, Rita L. Sallam, James Richardson, John Hagerty, Bill Hostman, January 27, 2011.
Source: LogiXML