Spotfire to use $15 million financing for development of e-analytic applications
Spotfire will use the financing to develop its next generation e-analytic applications and to extend the company's solutions into new markets, functions and application areas.
By on Feb 21, 2001Spotfire will use the financing to develop its next generation e-analytic applications and to extend the company's solutions into new markets, functions and application areas.
"We're working to capture a significant share of the emerging analytics marketplace that analysts are predicting will reach more than $6 billion dollars by the year 2004," said Christopher Ahlberg, Founder and CEO of Spotfire. "Our mission is to help organizations realize a better return on the huge amounts of information available to them and exploit it to make critical business decisions faster, with better precision and quality."
The company recently unveiled Spotfire DecisionSite, a Web-based analytic application designed to address the complexities of accessing and relating data across the back office. In addition, it offers decision makers role-based applications to interactively analyze data, enabling the formulation and sharing of decisions concerning new product development and back office optimization.
Spotfire products are currently used by more than 350 customers and 11,000 subscribers and have been adopted by organizations such as Eli Lilly, GlaxoSmithKline, Anadarko Petroleum, 3M and Rohm & Haas.