Cartesis, a provider of finance and performance management software, announced that for the 2006 fiscal year, the company saw its software revenues growth 28 percent -- including a 61 leap internationally and a 57 percent rise in North America.
Cartesis said that the success is likely due to additional investment in international sales and marketing and the introduction of its new product line -- Cartesis 10, a business performance management solution that integrates internal and external financial data for publication, benchmarking and M&A planning.
"We are expanding our dominance from financial consolidation and management reporting to the full line of performance management applications including planning and analytics," said chief executive Didier Benchimol, in a statement. He said in recent quarters, the business has grown at a rate tripling or quadrupling its business performance management competitors.
The company also reported:
- 40 percent of its license revenue came from new clients;
- Its annual license revenue of core BPM products grew 38 percent, while the fourth quarter saw growth of 43 percent compared to last year; and,
- In the more recent quarter, international license revenue grew by 114 percent compared to the close of the 2005 fiscal year.
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