The Ability to Deliver an Exceptional Solution to Solve Organizations’ Urgent Need for Spreadsheet Transparency and Risk Management Drives Growth
SAN JOSE, CA – January 27, 2016 – Incisive Software Corporation today announced exponential growth of 363 percent during 2015 resulting in record year over year growth for its fiscal 2016 second quarter. Demand for Incisive’s spreadsheet management technology is driven by the company’s ability to provide an affordable, easy to use solution that enables organizations to regain control over spreadsheet transparency and risk issues without changing how users work.
“Despite longstanding rumors, spreadsheets are not going away. In fact, these critical analysis tools are growing in size and complexity which has created an urgent need for greater visibility and control. Incisive’s explosive growth is a direct result of our ability to fill this need with a highly effective solution that is easy to use and offers a quick return on investment,” said Incisive CEO, Diane Robinette. “We are proud to offer an exceptional enterprise solution that provides much needed transparency and governance over spreadsheets so that costly errors and unwanted headlines are avoided. With new integration and features soon to be announced, we anticipate another banner year of success.”
Highlights of the company’s outstanding year include:
- installed base almost doubled with 83 percent growth;
- impressive customer renewal rate of 93 percent driven by high customer satisfaction;
- strong trend towards multi-year contracts of 200 percent growth which demonstrate a strategic commitment to Incisive; and
- continued product innovation including five product releases (2 Concourse, 2 Xcellerator and 1 Locator).
Incisive is seeing an outstanding response from organizations looking to regain control over spreadsheet risks and errors. New customer acquisition was extremely high in the banking industry, with continued steady growth in the energy, oil & gas, financial services, healthcare and life sciences industries. A sampling of new customers include: Bank of America, Boston Scientific, Caesars Entertainment Corporation, Cathay Bank, Comcast Corporation, Crowe Horwath, Federal Signal Corporation, Jhpiego, OMNOVA Solutions and Signature Bank.
About Incisive Incisive provides award-winning and innovative spreadsheet risk analysis and management solutions. Our enterprise-class offerings provide visibility and control to all business areas that use or interact with spreadsheets. Incisive products have been recognized for accurately and reliably highlighting risks to give users confidence in their spreadsheet information. For more information about Incisive and the company’s solutions, visit www.incisive.com.
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