Pyramid Analytics Demonstrates Strong Momentum with Customers, Increased Workforce, and Unique Approach to Governed Data Discovery for Enterprise BI and Analytics
Seattle, Wash. (PRWEB) March 10, 2015 -- Pyramid Analytics, the next generation business intelligence platform for the enterprise, today announced impressive growth driven by accelerated customer acquisition in the past year and a doubling of the company’s global workforce, including the hiring of Micha Ben Chorin as chief financial officer. This momentum culminates in advanced placement in the recently released 2015 Magic Quadrant for Business Intelligence and Analytics. The acknowledgement adds to Pyramid Analytics recognition as a leader in the BARC BI Survey 2014. Pyramid Analytics has been tripling its customer base yearly in the last three years. The company now has hundreds of thousands of users in large public, private and Fortune 500 enterprises, including banks, insurance and healthcare multi-nationals. Organizations like the US Department of Veteran Affairs, Victorinox Swiss Army, Voith, and Siemens, rely on Pyramid Analytics’ self-service advanced business intelligence technology for easy access to analytics, reporting and dashboards.
“The market is rapidly evolving from departmental BI to more mature, cross-departmental BI for the enterprise. This is where Pyramid Analytics has built its expertise from the beginning,” said Omri Kohl, co-founder and CEO of Pyramid Analytics. “The responses from our customers gave us a ‘big mover’ advantage in the Garter MQ, validating that our governed data discovery platform offers all users the necessary assurance that the data they are working with provides everyone with the same version of the truth.”
Pyramid Analytics Moves Within Magic Quadrant
This year, Pyramid Analytics has been placed further along both axes in the 2015 Gartner Magic Quadrant for Business Intelligence & Analytics Platforms. The advancement is attributed to the company’s completeness of vision and ability to execute. Conventional BI and analytics vendors still lack necessary enterprise features in relation to governance, security, administration and scalability that Pyramid Analytics is known for. In fact, Pyramid Analytics’ customers told Gartner that the technology requires less time to develop simple, moderate or even complex reports and dashboards than any vendor in the Magic Quadrant.
Key Strategic Hires
Propelled by momentum in the market, Pyramid Analytics has been successful in attracting key talent and rapidly growing its global workforce. Over the past 18 months, the company has doubled its workforce, including the most recent addition of key executive Micha Ben Chorin as chief financial officer.
Micha Ben Chorin has 20 years of experience in various global finance positions, managing finance and legal teams in various multinational corporations. He has driven mega global financial transactions and commercial negotiations in global and US markets, also in addition to leading M&A and IPO preparations.
Note to Editor: Pyramid Analytics is participating in the Gartner BI and Analytics Summit March 9-10 at the Park Plaza in London, UK. At the show, executives will share how to cross the analytical divide and go beyond management reporting to re-master and gain new analytical skills. They will also showcase new and emerging, as well as foundational technologies for BI and analytical solutions.
About Pyramid Analytics
Pyramid Analytics makes it easy for organizations to make better, smarter data-driven decisions. The company’s BI Office platform combines quick and scalable deployment with the ease of use that customers have come to expect from the best of the new generation of data exploration tools – all within an enterprise-class data governance framework. Available in both in-company cloud and public cloud versions, BI Office enables rapid integration of new data sources and cross enterprise sharing of business logic for all users – from analysts to front line managers – through a simple, intuitive and familiar interface. Pyramid Analytics has operational centers across the U.S., U.K. and EMEA. The company is backed by Sequoia Capital. To learn more, visit PyramidAnalytics.com.
Gartner, Magic Quadrant for Business Intelligence and Analytics Platforms, Rita L. Sallam, Bill Hostmann, Kurt Schlegel, Joao Tapadinhas, Josh Parenteau, Thomas W. Oestreich, 23 February 2015
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Press Contact
Kristina Richmann
Trainer Communications
pyramid(AT)trainercomm.com
925.271.8216
Herbert Ochtman, Pyramid Analytics, +1 203 200 7914, [email protected]
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