Leading venture funds back Pentaho’s big data strategy

October 30, 2012

It’s an immensely proud day for Pentaho. Today we announced that a syndicate of venture capital firms led by NEA that includes Benchmark Capital, Index Ventures and DAG Ventures has agreed to invest $23 million in the company. You can read the press release here.

These firms share a common belief that the big data revolution offers significant upside and is part of a larger transformation taking place in the enterprise software industry that includes cloud computing. NEA’s recent blog post, SaaS 3.0: Big Data that Delivers, describes this very eloquently.

However, no matter how cool a company’s technology is, the ability to attract funding depends on how well the company is delivering on its strategy. I’m pleased to report that our first-mover advantage in big data really started to pay off in 2012, with our big data sales growing by more than 300%!  And I believe the kind of growth we’ve seen this year is only the tip of the iceberg.

Still, revenue growth is only part of the picture.  As Warren Buffet famously said, “value is what you get” and sustainable growth depends on the ability to create value for others. On this score, our big data solutions are creating value for a new generation of disruptive companies like Beachmint, Shareable Ink and Travian Games, which recognize the potential of advanced analytics to drive innovation, customer loyalty and new sources of revenue. Established companies like Soliditet and several large firms in financial services are using Pentaho to prepare for a future that will include big data analytics.

We plan to use the new funds to accelerate further technology innovation in big data and other areas, recruit the best talent in the industry and further our expansion into global markets so that we can create even more market value through our solutions.

The big data journey is in full flight – hang on for a fast, fun filled ride!

Quentin Gallivan


Happy Birthday Pentaho

October 8, 2012

Eight years ago on, Friday October 8th 2004, Pentaho was founded to (1) make a disruptive impact in the BI space (2) screw around with the big proprietary vendors  (3) have a lot of fun along the way. It’s been a great ride…but we have so much more to accomplish! Looking forward to the future with this phenomenal team that has come together over the years.

Happy B’Day Pentaho

Richard


Pentaho update to BBBT

July 24, 2012

Pentaho had the privilege of briefing the Boulder BI Brain Trust (BBBT) on July 20, 2012. The Boulder BI Brain Trust is a gathering of leading BI analysts, experts, and practitioners who attend half-day presentations from interesting and innovative BI vendors. After a very interactive morning presenting to the group, Pentaho CEO, Quentin Gallivan and SVP of Products, Jake Cornelius sat down with Claudia Imhoff, president and founder of the BBBT to discuss some of her questions from the morning about Pentaho.

The result is an excellent update about Pentaho products, technology and overall direction. Listen to a podcast of this interview to learn the following about Pentaho:

  • How Pentaho is differentiated?
  • What are the market forces for business analytics and how are they converging?
  • How is Pentaho meeting changes in market?
  • Overview of the Pentaho platform
  • What’s the reason for the BI embedded analytics trend?
  • What are some Pentaho big data customer examples?
  • What’s in the near future for Pentaho and its products?

Listen now: Claudia Imhoff interview with Pentaho leaders Quentin Gallivan, CEO and Jake Cornelius, SVP of Products


Pentaho News, Event and Press Update

April 23, 2012

It has been a very busy April as you can see from four news announcements already this month. We know you are busy so we have put together a summary of important company and product news, upcoming events and press highlights. Also, to give you an insider tip…stay tuned to Pentaho’s Facebook, Twitter & LinkedIn pages this week for a BIG announcement.

Company and product news

Upcoming events and webinars

  • Webinar: Building the Business Case for Embedded BI
    May 2, 2012 | 9:00 a.m. PT / 12:00 p.m. ET Details and Register
  • Pentaho and Linalis Exclusive Business Analytics and Big Data Seminar
    May 2, 2012 | 10:00 – 17:00 (GMT) | Hotel Russell, London UK  Register
  • Webinar: Better Data for Better Analytics – Human Inference Data Quality Now Fully Integrated into Pentaho
    May 10, 2012 | 10:00 a.m. PT / 1:00 p.m. ET  Details and Register

Press highlights

Don’t forget to follow Pentaho on Facebook, Twitter & LinkedIn to stay up to date on the latest news (especially this week)!


Welcome Pentaho’s new secret weapon, Eddie White

February 27, 2012

We are very excited to have a new secret weapon onboard with Eddie White joining Pentaho as Executive Vice President of Business Development. Eddie is responsible for developing strategic relationships with big data vendors and commercializing Pentaho Business Analytics for major cloud/SaaS hardware and software vendors.

Eddie has more than 20 years of experience helping businesses meet and exceed their sales revenue and growth targets through, business development, strategic alliances partnerships, and acquisitions. Career highlights include:

  • Directed global sales and business development as CRO, SVP of Global Sales and Business Development for leading Data Center Infrastructure Management (DCIM) startup Sentilla Inc.;
  • Led strategic business development and partnership activities for two flagship storage and infrastructure management business units with combined annual revenue of over $1bn at Computer Associates (CA) Inc., where he was VP of business and corporate development;
  • Delivered OEM storage solutions for the client on schedule and budget as business development director at Adaptec Inc.;
  • Managed storage business unit with P&L responsibility for a $60m p.a. at Eurologic Ltd.
  • Graduated with a diploma in business studies and first class honors from University College in Cork, Ireland and received a bachelors of business studies with honors from Dublin City University.

As you can see from his career highlights, Eddie is a proven technology industry business development professional who has built partnerships and OEM relationships with companies of all sizes. He’s exactly what Pentaho needs to keep us on the forefront of the big data revolution.

Welcome Eddie!


Top 10 Reasons Behind Pentaho’s Success

September 2, 2011

To continue our revival of old blog posts, today we have our #2 most popular blog from last July. Pentaho is now 7 years old, with sales continually move up and to the right. In a crazy economy, many are asking, “What is the reason behind your growth and success?” Richard Daley reflected on this question after reporting on quartlery results in 2010 .

*****Originally posted on July 20, 2010*****

Today we announced our Q2 results. In summary Pentaho:

  • More than doubled new Enterprise Edition Subscriptions from Q2 2009 to Q2 2010.
  • Exceeded goals resulting in Q2 being the strongest quarter in company history and most successful for the 3rd quarter in a row.
  • Became the only vendor that lets customers choose the best way to access BI: on-site, in the cloud, or on the go using an iPad.
  • Led the industry with a series of market firsts including delivering on Agile BI.
  • Expanded globally, received many industry recognitions and added several stars to our executive bench.

How did this happen? Mostly because of our laser focus over the past 5 years to build the leading end-to-end open source BI offering. But if we really look closely over the last 12-18 months there are some clear signs pointing to our success (my top ten list):

Top 10 reasons behind Pentaho’s success:

1.     Customer Value – This is the top of my list. Recent analyst reports explain how we surpassed $2 billion mark during Q2 in terms of cumulative customer savings on business intelligence and data integration license and maintenance costs. In addition, ranked #1 in terms of value for price paid and quality of consulting services amongst all Emerging Vendors.

2.     Late 2008-Early 2009 Global Recession – this was completely out of our control but it helped us significantly by forcing companies to look for lower cost BI alternatives that could deliver the same or better results than the high priced mega-vendor BI offerings. Making #1 more attractive to companies worldwide.

3.     Agile BI – we announced our Agile BI initiative in Nov 2009 and received an enormous amount of press and positive reception from the community, partners, and customers. We’ve been showing previews and releasing RCs in Q1-Q2 2010 and put PDI 4.0 in GA at the end of Q2 2009.

4.     Active Community – A major contributing factor to our massive industry adoption is our growing number of developer stars (the Pentaho army) that continue to introduce Pentaho into new BI and data integration projects. Our community triples the amount of work of our QA team, contributes leading plug-ins like CDA and PAT, writes best-selling books about our technologies and self-organizes to spread the word.

5.    BI Suite 3.5 & 3.6 – 3.5 was a huge release for the company and helped boost adoption and sales in Q3-Q4 2009. This brought our reporting up to and beyond that of competitors. In Q2 2010 the Pentaho BI Suite 3.6 GA brought this to another level including enhancements and new functionality for enterprise security, content management and team development as well as the new Enterprise Edition Data integration Server.  The 3.6 GA also includes the new Agile BI integrated ETL, modeling and data visualization environment.

6.     Analyzer – the addition of Pentaho Analyzer to our product lineup in Sept-Oct 2009 was HUGE for our users – the best web-based query and reporting product on the market.

7.     Enterprise Edition 30-Day Free Evaluation – we started this “low-touch/hassle free” approach in March 2009 and it has eliminated the pains that companies used to have to go thru in order to evaluate software.

8.     Sales Leadership – Lars Nordwall officially took over Worldwide Sales in June 2009 and by a combination of building upon the existing talent and hiring great new team members, he has put together a world-class team and best practices in place.

9.     Big Data Analytics – we launched this in May 2010 and have received very strong support and interest in this area. We currently have a Pentaho-Hadoop beta program with over 40 participants. There is a large and unfulfilled requirement for Data Integration and Analytic solutions in this space.

10.   Whole Product & Team – #1-#9 wouldn’t work unless we had all of the key components necessary to succeed – doc, training, services, partners, finance, qa, dev, vibrant community, IT, happy customers and of course a sarcastic CTO ;-)

Thanks to the Pentaho team, community, partners and customers for this great momentum. Everyone should be extremely proud with the fact that we are making history in the BI market. We have a great foundation in which to continue this rapid growth, and with the right team and passion, we’ll push thru our next phase of growth over the next 6-12 months.

Quick story to end the note:  I was talking and white boarding with one of my sons a few weeks ago (yes, I whiteboard with my kids) and he was asking certain questions about our business (how do we make money, why are we different than our competitors, etc.) and I explained at a high level how we are basically “on par and in many cases better” than the Big Guys (IBM, ORCL, SAP) with regards to product, we provide superior support/services, yet we cost about 10% as much as they do. To which my son replied, “Then why doesn’t everyone buy our product?”  Exactly.

Richard
CEO, Pentaho


How fast is lightening fast?

February 15, 2011

A huge congratulations to our partners at Ingres, who today announced that their lightening fast database VectorWise has set a new record for the Transaction Processing Performance Council’s TPC-H benchmark at scale factor 100. Not only did Vectorwise set a new standard, but it blew the previous record holder out of the water, delivering 340% of the previous record.

Equally outstanding about this news is the fact that VectorWise has not only changed the game in terms of performance, but the database also comes in at a fraction of the price of its competitors. Forward-thinking innovation, high performance, and low cost… sound familiar? It should.

What does this mean to Pentaho users?

Pentaho and Ingres established a partnership last October, with the goal to combine enterprise-class business intelligence with the speed and performance of the fastest analytical database on the market. With over 250,000 QphH (Queries per hour) for 100 GB of data, VectorWise is the epitome of agility at the database level. This means lightening fast query response times, more iterative cycles, and at essence, even more agile business intelligence.

For more


Follow

Get every new post delivered to your Inbox.

Join 102 other followers