Our dramatic company growth demonstrates the tangible business benefits airlines, retailers, pharmaceutical companies and information providers get from using QL2's services.
Seattle, WA (PRWEB) February 26, 2008
QL2 Software, a leader in market intelligence on demand services, today announced it grew its client base and revenue by nearly 50% in 2007; the third year in a row the company has experienced this level of growth. Eight of the company's new clients are Fortune 500 companies. Already popular in the travel industry, QL2 garnered 36 new travel clients, including 15 new airlines. In the retail industry, QL2 now has more than 40 clients, including eight new ones added in 2007. The company, which is privately held and profitable, now has more than 300 clients in 38 countries that rely on its services to drive their strategic business decisions. QL2 also announced its inclusion in KMWorld's List of 100 Companies that Matter in 2008, and that it has hired a new chief technology officer, Rob Gilde.
"Companies are increasingly seeing the immense value of QL2's real-time, actionable market intelligence," said Glenn Hasen, president and chief executive officer of QL2. "Our dramatic company growth demonstrates the tangible business benefits airlines, retailers, pharmaceutical companies and information providers get from using QL2's services."
QL2 has proven its value to clients time and time again. In the travel industry, QL2 currently serves seven of the top 10 global airlines, five of the top 10 online travel agencies, and three of the five largest rental car companies. Most of these companies are using QL2 services to monitor rapidly changing competitor prices so they don't have to do it manually.
QL2 also serves a variety of retail clients including apparel, consumer electronics and automotive after-market products. New clients include a top five global consumer media company that uses QL2 to mine social media sites such as MySpace and Facebook to determine which of its music acts are popular, and which songs are being downloaded and shared most. Also new is a Fortune 500 retailer that uses QL2 to benchmark pricing against big-box and specialty tire retailers, ensuring its pricing strategy is properly executed in the market. In addition, a Dow 30 company uses QL2 to ensure its home appliance sales force always has up-to-date information on competitive product features and promotions.
In the life science community, where QL2 serves five of the top 10 global pharmaceuticals companies, organizations are using QL2 services to keep up with the abundance of information available to doctors and patients by aggregating news, scientific journal articles, FDA filings, clinical research funding, formulary data and clinical trials.
"Market Intelligence − meaningful, right-timed information about competitors, customers and purchasing behaviors − is becoming increasingly important for companies to make smart and rapid business decisions," said Laura Curtis, director, Market Intelligence Advisory Service, at industry research firm IDC. "New and innovative technologies will be essential to enhance traditional research methods by providing a real-time and actionable view of the market landscape."
QL2's attitude towards its clients and elegance in the design and implementation of their software were important qualities that attracted the attention of KMWorld. QL2 was selected for the "KMWorld List of 100 Companies that Matter for 2008" alongside other stand-out companies for its role in creating, enhancing or defining a market as well as the simplicity, speed and execution of its services regardless of the size of the client.
Tasked with continuing to enhance QL2 services to meet the evolving needs of QL2 clients is Rob Gilde, QL2's new chief technology officer. He brings 25 years experience in engineering and management to the company including roles as vice president of product development at Lockdown Networks, director of product development at F5 Networks and principal engineer with The Boeing Company.
About QL2 Software, Inc.:
QL2 is the leading provider of Market Intelligence On Demand, supplying companies with instant access to critical information from the outside world. QL2's on demand services deliver market intelligence directly to business users when they need it - without the time lag or technical complexity common with other approaches.
More than 300 clients in 38 countries rely on QL2 to drive business decisions on product and price mix, competitive positioning, and consumer opinions and preferences. QL2 clients include 7 of the top 10 global airlines, 3 of the top 5 global pharmaceuticals, and market leaders in retail, consumer products and information services. Founded in 2003, QL2 was named to the 2007 Inc. 500 list of the fastest-growing private companies, and has been included in KMWorld's "100 Companies That Matter" for 2006, 2007 and 2008, and "Trend-Setting Products" for 2006 and 2007. For more information, please go to: http://www.QL2.com.
For more information, media only:
Gaby Adam, OnPR, w: 425-454-6843, m: 206-931-5942, e: gabya(at)onpr.com
Jessica Harrison, OnPR, w: 425-454-6840, m: 425-443-7265, e: jessicah(at)onpr.com
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