Kalido, the active information management company, announced today that the company recorded strong growth in the first half of 2007 across all areas of the business. Notably, license revenue doubled in the second quarter over the same period last year, while support revenues grew 34 percent and training revenues grew 36 percent in the first half as compared to the same period in 2006. In addition, total spending was flat year over year, reflecting the company's increased focus on reaching and maintaining profitability.
BURLINGTON, Mass. (BusinessWire EON) August 7, 2007 --
Kalido, the active information management company, announced today that
the company recorded strong growth in the first half of 2007 across all
areas of the business. Notably, license revenue doubled in the second
quarter over the same period last year, while support revenues grew 34
percent and training revenues grew 36 percent in the first half as
compared to the same period in 2006. In addition, total spending was
flat year over year, reflecting the company’s
increased focus on reaching and maintaining profitability.
New customers licensing Kalido software include BT, Metronet and
Commerce Bank. Over eighty percent of license revenues in the half came
from new Kalido customers. In addition, existing customers, including BP
and Fannie Mae, upgraded or licensed additional software in the period.
Over fifty-five percent of all transactions in the first half included
the latest release of Kalido’s award-winning
Master Data Management Solution.
“Market demand is strong for effective
solutions to manage and reconcile data that needs to be shared across
applications,” said Henry Morris, Senior Vice
President, Worldwide Software and Services Research, at IDC. “Kalido
continues to demonstrate its ability to deliver software that provides a
solid foundation of consistent data, enabling organizations to manage
their business better with more relevant, comprehensive,
information-based insight.”
In addition, Kalido extended its partner program in the first half of
2007, formalizing relationships with technology, referral, systems
integrator and reseller partners including Alliance Consulting,
Information Builders and Trask solutions.
“Alliance is focused on quickly delivering
tangible business value to our customers, and Kalido provides us with a
unique tool to accomplish that aim,” said
Anthony Ibargüen, President and CEO of
Alliance Consulting. “With Kalido, we can
greatly improve time-to-value on projects while simultaneously reducing
overall implementation and maintenance costs. We look forward to a long,
productive relationship.”
“Our significant customer wins in the first
half of 2007 reflects our leadership position in both Master Data
Management and Data Warehousing, and our customer satisfaction continues
to exceed the industry,” said Bill Hewitt,
president and CEO of Kalido. “What’s
even more exciting is the new products planned for delivery in 2007,
which will do even more to speed time-to-value and improve customer ROI.”
About Kalido
Kalido delivers active information management for business. With Kalido’s
unique business model-driven technology, decisions are fueled by
accurate, accessible and consistent information, delivered in real time,
to dramatically improve corporate performance. Kalido software can be
deployed at a fraction of the time and cost of traditional information
management methods.
Kalido software is installed at over 250 locations in more than 100
countries with market leading companies. Headquartered in Burlington,
Massachusetts, Kalido is backed by Atlas Venture, Balderton Capital and
Matrix Partners. More information about Kalido can be found at: http://www.kalido.com.
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