Summary of LogiXML Posts Another Record Year and Continues Rapid Growth with Plans to Double Headcount
LogiXML, a web-based BI pioneer, reported 80% sales growth and 60% customer base expansion in 2011. Securing $10 million in funding, the company plans to double its staff and enhance product development. Its unique code-free architecture enables rapid, embeddable dashboard creation with write-back capabilities, distinguishing it from traditional, complex BI systems. Recognized by Gartner for ease of use and functionality, LogiXML allows seamless integration into operational systems for both technical and non-technical users.
Parts used in the LogiXML Project:
- Web-based business intelligence software
- Code-free development structure
- Interactive data analytics dashboards
- Reporting tools
- Flexible and extensible architecture
- Write-back capability
- Gartner Magic Quadrant positioning
McLean, VA (PRWEB) February 15, 2012
LogiXML, the pioneer of web-based business intelligence (BI) software, today announced that its 2011 sales grew 80 percent year over year, it grew its customer base by 60 percent, and closed the year achieving its 12th consecutive quarter of sequential growth. The Company also received a $ 10 million growth equity investment in late Q4, which will be used to increase product development and double its staff in 2012.
Last year, we saw a tremendous increase in the number of companies seeking embeddable, interactive data analytics, dashboards, and reporting for their operational systems and processes, as well as for interacting with their customers, said Brett Jackson, CEO, LogiXML. We anticipate this trend will continue to gain momentum, with our technology giving us a big edge by enabling us to meet this demand much faster and far less-expensively than traditional BI systems or toolsets.
Unlike traditional BI platforms that are complex and costly, LogiXMLs code-free development structure allows organizations to rapidly develop, refine, and adapt BI applications that serve any number of users on any platform, all without extensive development or professional services. Additionally, LogiXMLs flexible and extensible architecture allows developers at software and SaaS providers to seamlessly embed these data visualizations directly in their own products and services. LogiXMLs technology also features write-back capability something no other BI solution on the market offers which allows business analytics to be integrated directly into a companys existing operational systems.
This year, as in 2011, LogiXML was positioned the Gartner Magic Quadrant for Business Intelligence Platforms, where its products scored among the highest for ease of use, overall product functionality, support, product quality, performance, and customer experience.
About LogiXML
Founded in 2000, LogiXML (http://www.logixml.com) is the market-leading provider of next generation, web-based business intelligence software. Known for pioneering a unique, highly embeddable web-based architecture for integration within other products, LogiXML provides dashboards, user-friendly reports, and on-demand analysis that enables both technical and non-technical users to make better decisions for their organizations.
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More Embedded System Press Releases
- How much did LogiXML sales grow in 2011?
Sales grew 80 percent year over year. - Can organizations develop BI applications without extensive development?
Yes, LogiXMLs code-free development structure allows rapid development without extensive professional services. - What unique feature does LogiXML offer compared to other BI solutions?
It features write-back capability which allows business analytics to be integrated directly into existing operational systems. - How will LogiXML use the $10 million investment received in late Q4?
The funds will be used to increase product development and double its staff in 2012. - Does LogiXML allow embedding visualizations into other products?
Yes, developers can seamlessly embed these data visualizations directly in their own products and services. - What did Gartner recognize LogiXML for in the Magic Quadrant?
Products scored among the highest for ease of use, overall product functionality, support, product quality, performance, and customer experience. - Is LogiXML technology suitable for non-technical users?
Yes, it enables both technical and non-technical users to make better decisions through user-friendly reports and on-demand analysis. - How does LogiXML compare to traditional BI systems regarding cost?
LogiXML meets demand far less-expensively than traditional BI systems or toolsets.
