McLean, Virginia – 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, LogiXML’s 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, LogiXML’s flexible and extensible architecture allows developers at software and SaaS providers to seamlessly embed these data visualizations directly in their own products and services. LogiXML’s 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 company’s 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.
Founded in 2000, LogiXML (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.