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TARGIT 2014 Annual Report Released: Posts 39% Growth in the U.S.

May 19, 2015
Company plans to build on last year's successes with investment in new local offices and product updates in 2015, further expanding its operations and presence in the country
BOSTON -- TARGIT, the company behind market-leading business intelligence (BI) and analytics platform, TARGIT Decision Suite, has announced its revenue summary for 2014. With global headquarters in Denmark, the company's annual findings are highlighted by a substantial 39 percent growth rate in the United States over the past year.

TARGIT has in recent years invested significantly in creating growth, exemplified by significant customer wins in the manufacturing, retail, services, and wholesale industries. Focusing on the U.S. as a key region for its potential growth in the data space and specific need for business user-friendly analytical tools, TARGIT's 2014 customer wins include Farmer's Rice, Butler Machinery, Plano Molding, and Teledyne Instruments. With new office openings slated for this year, including one in Q3 in Houston, Texas, TARGIT will remain focused on being a local presence in the U.S. customer base as the company works toward helping real business users become more data-driven.

"We believe in being a true partner to our customers as they become ambassadors for data and analysis-driven management, and that is an ethos we carry from Denmark to all of the markets where we now operate," said Morten Sandlykke, CEO and Founder of TARGIT. "As corporate decision-making in the U.S. around IT budgets increasingly shifts hands from IT teams to lines of business, such as marketing and finance, TARGIT aspires to help make BI more approachable to the non-technical user. We aim to ensure our customers have a better understanding of the mechanisms that influence their organizations, and we will continue doing that in the U.S. with a focus on continuous improvement of TARGIT Decision Suite and a concerted effor toward making BI and analytics a more user-friendly, widely adopted practice."

TARGIT currently has two locations in the U.S., including Tampa, Fla. and its local headquarters in Cambridge, Mass. A key highlight supplementing the revenue growth in 2014 includes recognition in Gartner's Magic Quadrant for Business Intelligence and Analytics Platforms for a sixth consecutive year. Consolidated revenue in 2014 overall for the company grew to $22.1 million. To learn more visit www.targit.com.

Read the coverage on Boston.com.
 

About TARGIT

TARGIT is the maker of Decision Suite, the Business Intelligence and Analytics solution for all business users. With more than 18 years of experience in the BI and Analytics segment and more than 300,000 users globally, TARGIT has consistently been considered a top player in the industry. The company is a Microsoft Gold Certified Partner, recognized for strong applications development. The TARGIT Decision Suite is the only BI and Analytics platform that delivers real-time dashboards, self-service analytics, user-friendly reporting, stunning mobile capabilities, and the market's simplest data-discovery technology in a single, cohesive solution. TARGIT gives companies the courage to act. For more information, please visit http://www.targit.com/ or follow us on Twitter @TARGIT.


Media Contact:

Sara Bosco, Karen DeVincent
TARGIT@PanComm.com
(617) 502-4300



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