Cartesis Growing Faster than Overall OLAP Market.Business Editors STAMFORD, Conn. and PARIS--(BUSINESS WIRE)--May 16, 2000 In its recently published OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. Market Share analysis, the well-known and respected online The OLAP Report has determined that Cartesis is growing faster than the market itself. Online Analytical Processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. or OLAP allows intuitive and fast manipulation of data for analysis purposes. After five years of 40%+ growth, this market grew over 20% in 1999 to reach $2.5 billion. Cartesis has consistently grown at a rate of 50%. This tremendous growth is rapidly changing the face of the financial analytics market. In its review of Cartesis Carat, Cartesis' flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the OLAP Report stated, "unlike Enterprise, Carat has a growing market share." Cartesis Carat is recognized as superior to Hyperion Enterprise 5.0 (Nasdaq:HYSL) and other financial analytic an·a·lyt·ic or an·a·lyt·i·cal adj. 1. Of or relating to analysis or analytics. 2. Expert in or using analysis, especially one who thinks in a logical manner. 3. Psychoanalytic. application vendors in fifteen of the twenty-three features evaluated in The OLAP Report. "These figures reveal the enormous demand that we are experiencing worldwide, but especially in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market for our unique, world class solutions." says Daniel Ruggeri, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cartesis. Corporations need rapid and coherent financial information internally to respond to constant business changes and to provide stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. with reliable data. Through the use of the most thoroughly thought-out and process-supporting financial analytic software on the market today, Cartesis makes today's businesses Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. more responsive to market conditions and to investors. For more about OLAP and Cartesis Carat, access The OLAP Report at www.olapreport.com About Cartesis Cartesis is the leading worldwide supplier of financial analytical applications for Strategic Financial Management. Cartesis offers truly integrated applications on a powerful common data model. Cartesis products give Global 2000 companies the analytical capacity and the flexibility they need to assess the rapid changes in their market places. One in six of the Fortune Global 100 and more than 25% of the Financial Times European 100 use Cartesis solutions to obtain unprecedented command over their financial information. With over 400 employees, the company maintains offices and distributors worldwide. Cartesis is present in Paris, Stamford CT, Frankfurt, Brussels, Utrecht, Madrid, and Melbourne. Cartesis is a company of PricewaterhouseCoopers. Learn more about Cartesis products and services at www.cartesis.com Cartesis and Cartesis Carat are registered trademarks of Cartesis SA. All other trademarks and company names mentioned are the property of their respective owners. |
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