Denmark’s largest BI and analytics company further expands the company footprint far beyond Denmark’s borders
Following a consistent string of year-over-year growth, TARGIT, the software company behind the market leading business intelligence and analytics solution TARGIT Decision Suite, announced today the company has once again topped the previous year’s records. This marks the most profitable year in company history.
TARGIT’s 2015 financial statements, released today, show a nearly 40 percent increase in international sales listing the total net revenue at 87.5 million DKK (13 million USD). Denmark alone saw a 70 percent increase in license sales for the company’s flagship TARGIT Decision Suite, the business intelligence and analytics solution for all business users.
The company has nearly doubled U.S. sales over the past two years, following a focused U.S. initiative kicked off three years ago with the establishment of a Boston-based TARGIT office.
“Much of TARGIT’s extensive growth can be attributed to TARGIT Decision Suite’s focus on every decision-maker throughout the entire organization,” says TARGIT Founder and CEO Morten Sandlykke. “BI used to be the realm of IT, but the market is demanding that data be set free for all business users in every department. This has been our mission since inception 30 years ago, and TARGIT Decision Suite’s advanced analytics, deep data discovery, and user-friendly dashboards make us the best option for organizations of all sizes who have the goal of becoming data-driven. We take the role of strategic partner in that mission, helping companies every step of the way with resources, expertise, and other support. This 360-degree approach to BI has positively impacted sales and bolstered company loyalty.”
TARGIT Decision Suite’s continuously updated tool package, such as TARGIT’s updated Data Discovery module, marks a significant notch on the company’s revenue stream in 2015. TARGIT Data Discovery makes it possible to combine millions of external data sets with data from inside the data warehouse for comprehensive insight on company performance.
TARGIT is the software company behind TARGIT Decision Suite, the business intelligence and analytics solution for all business users. With an emphasis on people, it is our mission to transform entire organizations by revealing actionable insights for everyone to make better and faster decisions. The unique combination of our patented technology, proven methodology, and dedicated employees and partners is what enables us to help organizations around the world perform their best. TARGIT gives companies the courage to act. Learn more about us at www.targit.com and follow us on twitter @targit.