Jedox Announces 2015 Financial Results: Growing Demand for Global Planning Solutions Fuels Business
FREIBURG, Germany, Feb. 10, 2016 /PRNewswire/ -- JedoxAG, a leading vendor for Enterprise Planning and Business Intelligence software, today announced the most successful year in company history. Jedox exceeded its target for 2015 with over 40% growth in revenue. A new office in the United States, the acquisition of Naked Data in Asia, product innovations in cloud and mobility, and a wide range of new customers fueled business and confirm the positive outlook for 2016.
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"2015 was a great year for Jedox," announced Jedox CSO Bernd Eisenblätter. "Our strategy to support customers globally with a wide range of implementation options including SaaShas proven right. Customers love the ease and self-service capabilities of Jedox6. We will continue to innovate and expand our presence to help customers around the globe to simplify and accelerate their planning processes."
Customer recognition
The demand for solutions to accelerate and optimize planning processes remains high in every department. Over 200 companies of various sizes and industries selected the planning solution from Jedox to redesign their Excel-based planning, budgeting and forecasting processes. Jedox remains the leader in customer satisfaction with top scores in query performance, agility and price-to-value in the world's largest survey of BI users by analyst BARC.
Focus on international expansion
The trend of unifying global planning and budgeting processes helped Jedox to increase license penetration within large and mid-size enterprises. Jedox's success in 2015 is based on international expansion with the founding of its U.S. subsidiary Jedox Inc. in Boston, Massachusetts, and the acquisition of its Asia Pacific partner Naked Data. With direct presence in Singapore, Sydney, Melbourne and Boston, Jedox can now expand its offering with optional 24/7 support.
Expanding indirect channels
Jedox grew its global network to a total of 180 business partners, adding 47 new partners in 2015. More than 1500 clients and partners have joined the Jedox WorldTour 2015, where they experienced the vast portfolio of Jedox solutions and modeling functionality first-hand across 30 cities in 16 countries.
Driving business: Innovations in cloud, mobile and data integration
Jedox is also reaping the benefits of its large R&D investments, including the release of a completely redesigned app for analysis, reporting and planning on smartphones and tablets.
The continuous development of its flagship product and service offerings are building the foundation for long-term, sustainable growth. Jedox 6, the major release that launched fall 2015, set new standards in mobility, cloud and data integration with additional connectors for Salesforce, Qlik, SAP HANA and Hadoop.
Through its cooperation with Microsoft, Jedox has extended the infrastructure offerings of Jedox Cloud. Enterprise customers can now operate their SaaS solutions in both Amazon AWS and Microsoft Azure data centers around the world.
About Jedox:
Jedox's unified planning, analysis and reporting empowers decision-makers from finance, sales, purchasing and marketing. Jedox helps business users work smarter, streamline business collaboration, and make insight-based decisions with confidence. Organizations in 127 countries are using Jedox for real-time planning on the web, the cloud, and on any device. Jedox is a leading Business Intelligence and Corporate Performance Management solutions provider, available globally through over 180 certified business partners. Learn more about Business-Driven Intelligence at www.jedox.com.
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SOURCE Jedox AG
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