SANTA CLARA, Calif., Jan. 28, 2020 /PRNewswire-PRWeb/ -- Prevedere, the leader in predictive analytics software for intelligent forecasting, today announced that the company drove a 114 percent growth rate in quarterly bookings in Q4 2019. New additions to the company's list of customers include Hexion, Anchor Glass, U.S. Pipe, a Forterra company, and others.
"Q4 2019 was a great quarter for Prevedere, from growth in customer logos, domestic and international patent awards, continued advancement of our Intelligent Forecasting engine, and the announcement of our CFO, Isabelle Wang," said Rich Wagner, CEO of Prevedere. "Enterprises are relying on data-driven insights to drive strategy and planning. The quarter's growth rate indicates that the market is increasingly aware of the power of machine learning to synthesize millions of data series into meaningful, forward-looking indicators and insights pertinent to their business."
With the market for Intelligent Forecasting building in momentum, Prevedere also continued the advancement of its solution offerings with further advancements in its ERIN Predictive Analytics Cloud, one of the first augmented analytics solutions to automatically predict and quantify the impact of external influences on future business performance, with the introduction of an AI and machine learning-powered economic monitoring system for business leaders. The global data analysis and monitoring provides market opportunity and risk oversight to executives. Real-time market changes by area and category allows users to visualize projection scenarios for this year and next. Additionally, the company received two new patents in Q4 for its industry-leading platform.
"The real-time market analysis solution brings mission-critical information from Prevedere to business leaders in an easy to interpret and highly relevant way," said Yesim Tabanoglu, VP of Product Management, Prevedere. "Executives don't have time to sift through mountains of reports and our latest enhancements provide them with intelligent forecasting to incorporate into strategic planning at their fingertips."
While Prevedere continued its rapid growth in Q4, the company also expanded its leadership team with the promotion of Isabelle Wang to Chief Financial Officer.
"We are pleased to announce the promotion of Isabelle Wang to CFO," said Wagner. "She brings more than 24 years of experience with a proven track record in complex financial organizations. With her deep functional expertise and technical knowledge in all aspects of corporate finance, financial planning, and accounting, I believe she has the required leadership capabilities to strategically guide company growth in 2020."
Isabelle previously held the position of VP of Finance at Prevedere. Before joining the company, she worked as an executive consultant and advisor with a number of Silicon Valley SaaS companies and VC firms. Prior to that, Isabelle held various leadership roles with companies such as PG&E, Nimblefish, and Ericsson. Isabelle has an MBA from the Marshall School of Business at the University of Southern California.
About Prevedere
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on economic trends. Our predictive economic intelligence offering helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to millions of indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit http://www.prevedere.com and follow @Prevedere on Twitter.
SOURCE Prevedere
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