Carpio's Customer Base Expands 50% in 2009

RALEIGH, N.C., Jan. 21 /PRNewswire/ -- Carpio, a global provider of performance management solutions, announced 50% year-to-year growth in new customers selecting the GesFin(TM) CPM software for budgeting, planning, and forecasting. Carpio enables financial and operational performance transformation for organizations through its award winning product, the GesFin(TM) CPM Suite. GesFin is a Corporate Performance Management (CPM) application with versions available for leading BI platforms including Microsoft, MicroStrategy, and others.

"Siemens Financial Services, Inc. selected Carpio's GesFin CPM Suite primarily based on modeling functionality, ease of use, and responsiveness to our needs," states Simone Salvatori, Business Planning Manager at Siemens Financial Services, Inc.

"Wise Foods selected GesFin to help them meet a corporate objective of improving and simplifying its corporate planning and performance reporting process. GesFin was selected to replace cumbersome excel-based data collection and reporting procedures for financial and sales-related budgeting, planning, forecasting, consolidation and reporting," states Ted Bienkowski, IT Director for Wise Foods.

A sampling of new customers licensing Carpio's GesFin CPM Suite during 2009 are listed below, many of which include the seamless integration of Carpio's CPM software with leading BI Reporting platforms from MicroStrategy and Microsoft.

• Siemens Financial Services, Inc.
• Whataburger Restaurants
• Wise Snack Foods
• Professional Veterinary Products
• Lancet Software
• Calidad Investment and Financial Services
• Maxi Forga
• Anhanguera
• CBMM (Company Brazil of Metallurgy and Mining)

"It is extremely rewarding to experience significant growth in customers and revenues last year despite challenging economic times. We are grateful to our customers, partner network and employees for successful results in 2009," states Marco Fregenal, founder and CEO of Carpio Solutions. "It is also encouraging to see how CFOs continue to adopt and validate our software and unique value proposition. CFOs face difficult planning challenges in this global economic climate and the use of a business oriented CPM application continues to be a top priority for financial executives."

About Carpio

Carpio is a global provider of comprehensive performance management (CPM) solutions headquartered in Raleigh, NC. Carpio enables financial and operational performance transformation for organizations through its award-winning product, the GesFin(TM) Comprehensive Performance Management (CPM) Suite. GesFin is a web and excel-based solution for strategic planning, budgeting, forecasting, workflow, reporting, financial modeling, scenario planning, profitability analysis, KPI monitoring, and consolidation. Carpio has global delivery operations and resources in the USA, Brazil, Panama and Mexico. For more information, please visit http://www.carpio.com.

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SOURCE Carpio