News Archives

Panorama Software Closes a Record 2006

Leading BI Vendor Demonstrates Continued Growth with Key Customer Wins, Strategic Partnerships, and Alliance with SAP

TORONTO, ON – February 13, 2007 – Panorama Software, a global leader in business intelligence (BI) solutions, today announced significant year end results for 2006.  Since 2003, Panorama has been one of the fastest growing BI companies in the market today.  With a CAGR of 60 percent over the last four years, Panorama maintains consistent and record growth. The Company expanded its customer portfolio with the addition of several key Fortune 1000 companies in the manufacturing, retail, financial services, healthcare and telecommunications industries, with companies including Advocate Health Care and Dun and Bradstreet.

Panorama closed its largest deal in the company’s history in 2006, and signed a strategic OEM partnership with Cartesis, the world’s leading specialist in finance and performance management software, to offer a complete analytical solution to Cartesis’ existing corporate performance management (CPM) solution, Cartesis Analytics. 

“Panorama has a solid track record of seeing significant revenue growth year over year, and we continued this pattern in 2006,” said Eynav Azarya, CEO, Panorama Software. “This year, we demonstrated why we were named a BI company to watch by Business Intelligence magazine, as well as recommended by Gartner as a BI solution for the Microsoft and SAP platforms, with record customer and partner wins, and several strategic initiatives that enables us to continue to capture significant market share and expand our global reach.”

Panorama enhanced its strategic ISV relationships, by achieving SAP certified integration and by becoming a Powered by NetWeaver partner.  The company also tailored its flagship solution, Panorama NovaView® 5, to support enterprises using SAP NetWeaver BI to improve their BI capabilities and extend the reach of SAP BI to more information workers throughout an organization.

The release of Panorama NovaView® 5, Release 2 in late 2006 confirmed the Company’s innate ability to differentiate itself from all other 3rd party BI providers. Panorama NovaView® connects directly to SAP’s NetWeaver BI platform and SQL Server without performing any data or metadata extractions, enhancing performance and scalability, as well as leveraging the full investments customers have put into the platform. Panorama NovaView® also extends the reach of SAP BEx by making SAP BW Queries more accessible and interactive for information workers.

“Panorama certainly saw a milestone year full of significant business highlights that have increased our value proposition leading into an already noteworthy 2007,” said Azarya. “Moving into 2007, we are focused on offering the most innovative proactive business intelligence solutions that will act as an organizational hub for business management, and streamline business processes to set a new bar for the way the enterprise operates.” 

About Panorama Software
Panorama Software empowers global organizations with the ability to rapidly identify trends, maximize business opportunities and improve corporate performance and results through enterprise business intelligence and Proactive Business Management solutions.  Panorama® NovaView™, the company’s flagship solution, amplifies the impact of the information worker through a tightly integrated and complete suite of analysis, reporting, scorecard, dashboard and data modeling applications that support the two leading Business Intelligence platforms, SAP (NYSE: SAP) and Microsoft (NASDAQ: MSFT).   Panorama NovaView allows end users to freely explore their data using scalable and intuitive applications.

Founded in 1993, Panorama is a leading innovator in Online Analytical Processing (OLAP) and Multidimensional Expressions (MDX). Panorama sold its OLAP technology to Microsoft Corporation in 1996, which was rebranded as SQL Server Analysis Services and integrated into the SQL Server platform.  Panorama supports over 1,000 customers worldwide in industries such as financial services, manufacturing, retail, healthcare, telecommunications and life sciences.  Panorama has a wide eco-system of partners in 30 countries, and maintains offices throughout North America, EMEA and Asia. More information is available at www.panorama.com

*All cited names and/or trademarks are the property of their respective owners.

Panorama NovaView® and the Panorama logo are trademarks or registered trademarks of Panorama Software Ltd. All other company, product or brand names are the trademarks or the registered trademarks of their respective companies. Panorama Software Ltd. is not responsible for errors or omissions. Copyright 2006 Panorama Software Ltd. All rights reserved.