Spotfire Continues Growth at 3X Business Intelligence Market Pace; Customers Directing New BI Expenditures to Business Analytics for Higher Returns

Business Wire, Oct 31, 2005

SOMERVILLE, Mass. -- Spotfire, Inc. (http://www.spotfire.com), a market leader in visual, interactive analytic applications, today announced that it continued to experience strong revenue performance and reported its 15th quarter of year-over-year license revenue growth. The company continues to meet its aggressive annual revenue goals and is growing three times the market rate for business intelligence vendors, validating the increasing demand for business analytics solutions within the Business Intelligence marketplace.

Spotfire's growth was spurred across its worldwide customer base by expanded adoption of Spotfire DecisionSite business analytics in support of critical customer processes, in sales, marketing, manufacturing, and research. Many of Spotfire's customers have licensed DecisionSite across multiple business processes.

"Organizations recognize that business analytics are delivering benefits beyond enterprise reporting," said Christopher Ahlberg, Spotfire CEO. "Companies are spending their next BI dollars on analytics to achieve an information advantage over their competition - allowing them to land decisive punches in sales campaigns, product launches, and manufacturing yields."

During the third quarter, leading analyst firm IDC recognized Spotfire as one of the Top 25 business analytics vendors in its "Worldwide Business Analytics Software 2004 Vendor Shares" report.

In the report, IDC Group VP and GM for Integration, Development, and Application Strategies Henry Morris stated, "Business analytics software has become a set of tools and processes without which an organization cannot succeed...Business analytics has moved beyond the traditional business intelligence that concerns itself primarily with productivity gains by improving data capture and information delivery.

Today's analytic applications support business process improvements through the introduction of new products, pricing changes, renegotiation of sourcing contracts, workforce and inventory optimization..." (For more information or to purchase a copy of the report, please visit www.idc.com.)

PharmaVOICE magazine recognized CEO Christopher Ahlberg as a recipient of the first annual PharmaVOICE 100 awards. The publication selected Ahlberg for his ability to promote change across the life sciences industry by helping organizations make better use of data and accelerate innovation.

Spotfire is providing more and more decision-makers with the ability to generate new insights and findings into their data, in less time, and with greater flexibility than traditional methods. As a result, Spotfire customers find new opportunities and identify threats much quicker than ever before, giving them a lead on the competition. An online demo of Spotfire DecisionSite is available at http://www.spotfire.com/products/gallery.cfm

About Spotfire

Spotfire, Inc. provides interactive, visual data business analytics applications and services that empower enterprises and their end-users to improve operational performance and gain an information advantage over the competition. Over 25,000 users in close to 1,000 organizations around the world use Spotfire(R) DecisionSite(R) to drive confident decision-making by quickly and easily spotting trends, outliers and unanticipated relationships in critical business data. The company maintains U.S. headquarters in Somerville, Mass., and European headquarters in Goteborg, Sweden. Additional information can be found at http://www.spotfire.com.

Spotfire and DecisionSite are registered trademarks of Spotfire, Inc. Other company or product names may be the trademarks of their respective owners.