Pentaho Announces Record Year in 2013 with 83% Growth in Big Data and Embedded Analytics Product innovation drives unprecedented enterprise customer growth
SAN FRANCISCO, March 12, 2014 /PRNewswire/ -- Delivering the future of analytics, Pentaho Corporation today announced that 2013 was another record year with 83 percent bookings growth from big data and embedded analytics customers over 2012. These two high growth segments now account for 50 percent of Pentaho's total revenue. The rapid growth is a result of growing enterprise customer adoption of next-generation big data and embedded analytics.
The introduction of Pentaho Business Analytics 5.0 and the launch of Pentaho Labs were two key drivers of the strong enterprise adoption in 2013. Pentaho 5.0 is a completely re-architected platform that greatly simplifies the entire analytics experience for all users and delivers the industry's first just in time big data blending 'at the source.' The research and joint customer prototyping inside Pentaho Labs is driving innovation in big data integration and analytics through advanced technology incubation projects.
Ability to execute and completeness of vision were recognized in the 2014 Gartner Magic Quadrant for Business Intelligence and Analytics Platforms, resulting in Pentaho's improved placement. Gartner predicted in its report, "By 2015, enterprise buyers of BI platforms will predominantly purchase platforms that support both strong and broad business-user-accessible data discovery capabilities and IT-driven enterprise features for data reuse, governance, security and scalability."
"Big data technologies are advancing at speeds like never before. To succeed in a market that has been valued at upwards of $19 billion, you need to be nimble with the mindset of relentless innovation," said Quentin Gallivan, Chairman and CEO of Pentaho. "Pentaho's trajectory with enterprise implementations validates our platform is a modern approach to 'future-proofing' customer deployments and keeping pace with this rapidly evolving big data environment. We're looking forward to seeing this continue in 2014."
Learn more about Pentaho's position on the 2014 Gartner Magic Quadrant for Business Intelligence & Analytics Platforms. Download the full report.
About Gartner's Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Pentaho Corporation
Pentaho is delivering the future of business analytics. Pentaho's open source heritage drives our continued innovation in a modern, integrated, embeddable platform built for the future of analytics, including diverse and big data requirements. Powerful business analytics are made easy with Pentaho's cost-effective suite for data access, visualization, integration, analysis and mining. For a free evaluation, download Pentaho Business Analytics at www.pentaho.com/testdrive.
SOURCE Pentaho Corporation