Cartesis announced a long list of accomplishments for the first half of its fiscal year 2007 â€“ the time period from July 1, 2006 to December 31, 2006. These accomplishments include a record number of wins, an 81 percent increase of mid-market product license revenue, the delivery of two key products â€“ Cartesis Analytics and Cartesis Intercompany â€“ and the introduction of a new channel program.Cartesis closed a record number of wins in H1 FY07, up 33 percent from the same period last year. Important wins and completed deployments occurred at ABN Amro, Atari, Cargill, CH2M Hill, Delhaize, IXIS, Lehman Bros, LVMH, Meggitt, Nestle, Nomura, PepsiAmericas, PSA, Standard Life, Swiss RE, SYSCO, TD Securities, Tesco and Wachovia.
A notable trend in H1 FY07 was Cartesisâ€™ success in the mid-market, or clients with annual revenues of $300 mill to $750 mill. Much of this growth can be linked to the development of the Cartesis 10 Standard Edition product line, which grew license revenue by 81 percent when compared to the previous yearâ€™s first six months. The company sees this as very positive as it indicates a broader market acceptance of sophisticated performance management products. Historically, larger companies were more likely to understand the return on investment that performance management solutions provide.
â€œWe had a very busy and fruitful first half of our fiscal year,â€ said Didier Benchimol, CEO of Cartesis. â€œWe focused our efforts on delivering additional value to our existing clients in the form of exciting new products and services, which made our overall performance management suite more appealing to prospective customers. I am confident we have the right product and distribution mix to continue our rapid growth while maintaining our high customer satisfaction standards.â€
Also introduced and delivered in H1 FY07 were new versions of Cartesis Analytics and Cartesis Intercompany. Cartesis Analytics experienced great success in this time period, with license revenue growth of 124% when compared to H1 FY06. With dashboards, key performance indicators (KPIs), scorecards and Web- and Microsoft Office Excel-based analysis capabilities, Cartesis Analytics is an important component of the larger Cartesis 10 suite, enabling organizations to easily and quickly deploy the trusted information from Cartesis applications to large numbers of distributed users. Also newly delivered, Cartesis Intercompany 5.0 is designed to help companies close their financial books faster and more accurately by easily reconciling intercompany transactions.
A major milestone reached in the first half of the companyâ€™s fiscal year â€˜07 was the launch of a partner channel program aimed at expanding the reach of its highly respected Cartesis 10 performance management suite. This new program enables Cartesis to reach further into the mid-market, beyond that of its direct sales force, to capitalize on the companyâ€™s immediately perceived shift in market demand. Partners that join the program are given robust, complete performance management solutions, clearly defined vertical or regional markets, access to best practice implementation methodology and unparalleled competitive discounts of up to 60 percent.