SALT LAKE CITY--(BUSINESS WIRE)--Numetric, the third-generation Business Intelligence (BI) provider, announced the company has grown by a factor of six in the past year alone, while its customer base continues to grow strongly. The company’s compelling vision—providing lightning fast and easy-to-use-business intelligence tools—is gaining traction. In the retail, transportation, and education industries, the young company’s recent investment in sales and marketing is bringing impressive results.
Numetric’s rapid growth follows its announcement in late December that the company received $3.75 million in funding led by EPIC Ventures, and that it had appointed Greg Butterfield (Symantec, Omniture, Vivint Solar) as Chairman of the company’s board. The recent funding and addition of Butterfield have enabled a Numetric hiring spree, including members of its executive management team. Numetric will be focused on sales and marketing efforts for the first time in company history.
“Our growing success should come as no surprise to the business analytics community considering how incredibly fast and intuitive our platform is,” said Numetric co-founder and CEO Robert Sweeney. “It’s not a stretch to say this could transform the future of business intelligence. The data analysts, university presidents, retail executives and others who have used our platform tell us essentially the same thing: with Numetric they get the answers they need from their vast volumes of data, immediately, in a way they have never seen before. This helps them apply and use that key data to build their organizations.”
Several large retailers are now using Numetric as their business intelligence platform of choice. These include restaurant chains, technology hardware manufacturers, and retailers in a variety of markets. For example, Orbit, a leading producer of home improvement products with operations in 40 countries, uses Numetric to organize and explore in real-time large amounts of daily sales data from major retailers. This gives executives and managers at Orbit valuable insights about inventory movement and sales trends that were inaccessible before adopting Numetric.
Numetric’s earliest offerings targeted state departments of transportation, providing an easy-to-use interface to the miles (terabytes) of highway data that DOTs regularly collect and analyze. Numetric customers today include the Utah Department of Transportation, the New Jersey Department of Transportation, and the Hawaii Department of Transportation, among other agencies and customers in the transportation industry.
Driving Numetric’s success in higher education is the ever-increasing demand among universities to increase student enrollment and retention, and to improve academic outcomes. Institutions are using Numetric to explore vast amounts of enrollment and other student data, allowing them to recruit the right kind of students and ensure their academic success. The response from institutions and boards of trustees has been universal: Greater board involvement, a boost to fundraising, and more accurate predictive analysis of an institution’s key metrics.
Numetric is a privately-held software company that provides lightning fast and easy-to-use business intelligence tools. Numetric is the first third-gen business intelligence platform, built to take full advantage of cloud technology, to support organizations in achieving optimum efficiency and revenue growth. Taken to its highest fruition, Numetric hopes to change the landscape for advanced data management that is interchangeable among vendors and accessible to organizations of all sizes, throughout the world. For more information, visit www.numetric.com.