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Jaspersoft Closes Record Fiscal Year - Significant sales growth, strategic partnerships, and global expansion are highlights of substantial momentum for leading open source Business Intelligence (BI) company - Jaspersoft.com
Jaspersoft Closes Record Fiscal Year

 

PRZOOM - /newswire/ - San Francisco, CA, United States, 2012/03/12 - Significant sales growth, strategic partnerships, and global expansion are highlights of substantial momentum for leading open source Business Intelligence (BI) company - Jaspersoft.com.

   
 
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Jaspersoft, maker of the world’s most widely used business intelligence (BI) software, today announced its best-ever fiscal year concluding January 31, 2012. Jaspersoft reported 74 percent year-over-year growth in net new subscription software sales for the year and total recurring software sales growth of 55 percent. Growth was strong and distributed across all geographic regions, including EMEA, Asia Pacific and Latin America, where Jaspersoft expanded its operations during the year. These international regions now account for more than 32 percent of Jaspersoft’s global sales. Additionally, Jaspersoft added nearly 500 new customers, capitalizing on industry demand for business intelligence solutions around Big Data, embeddable BI, and data-driven applications. New customers in 2011 include CardSmith, Push to Test, the National Institute of Food and Agriculture, Revol Wireless, and QMetry.

During 2011, Jaspersoft advanced strategic partnerships with IBM, EMC and Red Hat to support its Big Data and Platform-as-a-Service (PaaS) initiatives. These partnerships, aligned with innovative new products, delivered easy and powerful reporting capabilities using any data source and a choice of deployment models including on-premises and public, private or hybrid clouds.

Additionally, to better prepare the company for its next phases of growth, Jaspersoft added the following seasoned technology executives to its executive team:

• Jim Johnson, Senior Vice President and Chief Financial Officer,
• Clive Harrison, Senior Vice President, Worldwide Field Operations,
• Ben Connors, Senior Director of Strategic Alliances, and
• Vincent DeGenarro, Vice President, EMEA Sales.

Jaspersoft’s community also grew significantly in 2011. As the company celebrated the 10-year anniversary of its open source Java reporting engine, JasperReports, the JasperForge development community increased by over 70,000 members, and downloads of Jaspersoft’s BI software increased over two million, to a to tal of 16.1 million total lifetime downloads.

The company closed an $11 million round of financing in July to fuel its continued global growth. The investment was led by existing investors Red Hat and SAP Ventures, in addition to new investor Quest Software, and included participation from all existing major investors: Doll Capital Management, Morgenthaler Ventures, Partech International, Scale Venture Partners, and Adams Street Partners.

"In 2011, we continued to best meet the needs of commercial BI Builders and our community. Jaspersoft realized many successes, including the 10-year anniversary of our industry standard reporting projects, great growth in our community, and some of our best-ever top-line sales growth, all important milestones f or the company,” said Brian Gentile, Jaspersoft CEO. “Always at the forefront of the industry, we are looking ahead to another phenomenal year as BI for Platform-as-a-Service and Big Data access emerge as the key new reporting and analytic must-haves for developing modern, data-driven applications.”

About Jaspersoft
Jaspersoft (jasperforge.org) provides the most flexible, cost effective and widely deployed Business Intelligence (BI) suite in the world, enabling better decision-making through highly interactive reports, dashboards and analytics. By leading in support for cloud, big data, and mobile deployments, Jaspersoft helps its customers deliver on the promise of self-service BI at scale.

Leveraging a commercial open source business model and a Community of over 250,000 registered members, Jaspersoft's open source BI software has been downloaded nearly 15 million times. Jaspersoft production deployments, in excess of 175,000, power 100,000 data-driven applications spanning 14,000 commercial cust omers. Jaspersoft is privately held and has locations around the world.

 
 
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Jaspersoft Closes Record Fiscal Year

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Jaspersoft |
Contact: Jasmine Teer - Page One PR 
415-321-2348 jasmine.teer[.]lewispulse.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Jaspersoft Corporation securities in any jurisdiction including any other companies listed or named in this release.

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