McLean, VA (July 28, 2011) – LogiXML, the pioneer of web-based business intelligence (BI) software, today announced that its fiscal second quarter ending June 30 was its 10th sequential quarter of growth. Through the first half of 2011, the company’s sales grew 122 percent versus the same period in 2010.
“The key to our upward track continues to be our lightweight, web-based approach which enables us to succeed in markets where traditional BI platforms fall short,” said Brett Jackson, CEO, LogiXML. “The architecture of our products gives our customers significant benefits by allowing them to more easily create BI and analytics applications, and quickly deploy them to large audiences, or embed them within applications – all at a fraction of the cost and time of alternative approaches.”
The company acquired a record number of new customers within the quarter in its core SMB and OEM markets. The company’s embedded BI business was especially strong with multiple competitive wins against traditional BI vendors, as wells as open source alternatives. The superior embeddability of LogiXML’s web-based architecture allows ISV and SaaS companies to add business intelligence and analytics capabilities to their products more quickly and at a lower cost than an internal build.
Earlier this year, LogiXML was positioned for the first time in the 2011 Gartner Magic Quadrant for Business Intelligence Platforms*, where its products ranked among the highest for ease of use, overall product functionality, support, product quality, performance, and customer experience.
For more information on LogiXML, please visit www.logixml.com.
Founded in 2000, LogiXML was the first to market with next generation, web-based business intelligence software. LogiXML provides web-based dashboards, user-friendly reports, and on-demand analysis that enables both technical and non-technical users to make better decisions for their organizations. LogiXML is also known for pioneering a unique, highly embeddable web-based architecture for integration within other products.
About Gartner’s Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Gartner, Inc. Magic Quadrant for Business Intelligence Platforms, Rita L. Sallam, James Richardson, John Hagerty, Bill Hostman, January 27, 2011.