The company excelled internationally, where revenue rose 61%. Cartesis’ North American business led the way, growing a brisk 57% during the year, which is nearly four times that of the overall market for BPM software. About 40% of license revenue was derived from new customers.
Overall license revenue of core BPM products grew 38% while total license revenue rose 43%. Cartesis’ planning and analytics products accounted for a quarter of software sales.
International software license revenue spiked 114% in the year on the back of new deals with PepsiAmericas, AGC Automotive Americas, and Yoplait. Many of the largest deals included Cartesis’ core financial, planning, and analytics products, pointing towards increased suite sales globally.
Cartesis now has over 1,300 customers spread across 44 countries. Cartesis, which is privately held, did not disclose specific revenue numbers or its profitability status.
BPM refers to a management discipline of aligning operational processes to corporate strategy, or perhaps vice versa. The acronym is used as an umbrella term for a suite of applications that include analytics, financial consolidation, management reporting, planning, budgeting, and forecasting.
Cartesis said growth was spurred by the April 2006 launch of the Cartesis 10 BPM suite that integrates internal and external financial data, benchmarking, and M&A planning tools as part of a core BPM platform for the first time.
We’re clearly taking market share from our competitors, said Cartesis CEO Didier Benchimol, referring to BPM rivals like Hyperion Solutions Corp and Cognos Inc.
Founded in 1990, Cartesis is one of the few remaining BPM pure-plays left in the market. Despite competing with much larger BI and ERP players, the company continues to expand its BPM suite through technology acquisitions and internal development.
Cartesis has its headquarters in Paris, France. Its North American operations are handled from Norwalk, Connecticut.
