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TARGIT reaches Magic Milestone


May 21, 2008

The Danish IT company TARGIT has now registered more than 2,500 customers and 180,000 users globally. The success is cemented with the launch of a new version of the company's business intelligence solution which especially in the US and in Germany is progressing rapidly. Technologically, TARGIT BI Suite has never been more advanced than now, and the constant focus on usability, few clicks and patented tools which make life easier for the user, is going to help TARGIT maintain the position as the most user-friendly BI solution in the world.

HJØRRING, May 21, 2008 - TARGIT, Denmark's largest developer of business intelligence has just launched TARGIT BI Suite 2K8, which during the next 12 months is going to be the company's lever for additional market shares worldwide. For the first time ever, TARGIT registered more than 2,500 customers and 180,000 users worldwide (2,656 customers and 183,245 users, to be precise), and the number of users varies from a handful per customer and up to several thousands in the largest installations. At present, market in countries like the US and Germany are growing more than in Denmark where TARGIT according to IDC has the second largest market share, and the company's CEO, Morten Sandlykke regards the success as a result of years of struggling to make even the most advanced tools as user-friendly as possible.

"For us, the mantra has always been user-friendliness and few clicks resulting in an extremely intuitive user interface which together with our advanced BI technology make the solution one of the strongest and most user-friendly in the market. In TARGIT BI Suite 2K8 we have refined the technology and the user experience in more than a thousand different areas, and more than 50 per cent of all new features are developed on basis of wishes from our customers. All this makes 2K8 our strongest version to date", says Morten Sandlykke, CEO and TARGIT's founder with more than 22 years as the company's front man.

One of the highlights of TARGIT BI Suite 2K8 is Intelligent Search, which since the launch in 2007 has been refined and further developed in several ways. The technology is patented and makes it possible to combine raw data queries in TARGIT BI Suite with unstructured data like e-mails or documents on the Internet. Intelligent Search facilitates the finding of causal connections and explanations if a company loses market shares or if the sale is booming on a specific market without any obvious explanation. The Intelligent Search technology can be integrated Microsoft Search Server 2008 thus combines the local search with server page search.

TARGIT BI Suite 2K8 also offers the patented Storyboard technology which seriously democratizes the use of business intelligence data making them available to everyone in the organization. The company's or the employees' performance can be put together to a series of dynamic real time analyses which afterwards can be pushed out to the users anytime, anywhere and on any digital platform. A company's market shares, number of complaints or sales in specific markets can, for instance, be distributed on a wide screen in the production hall thus allowing the employees to review the effect of their work based on the newest data. Analyses can also be podcasted for a PowerPoint presentation, a PDA or a cell phone giving you easy access to exactly the data you need. This type of distribution of BI data makes it possible to spread out essential knowledge to a large number of users and the easy interpreted visualizations can affect the behavior in the organization.

"Both in Denmark and abroad, TARGIT BI Suite 2K8 is one of the most innovative BI solutions, and by our latest consolidation of the fundamental technology and the refinement of several of the tools which are only available in TARGIT BI Suite, we look forward to conquering additional market shares in the years to come", Morten Sandlykke concludes.


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