Tidemark Sees Customer Engagements Soar 250 Percent in Fiscal 2014 and Expects Similar Growth in the Coming Year
Companies are Hungry to Uncover New Sources of Growth and Profit with Tidemark’s Cloud-First Enterprise Performance Management Applications
REDWOOD CITY, Calif. – March, 12th 2014 – Tidemark, maker of the next generation cloud-based business planning and analytics solutions, today announced that brisk and growing demand for its applications led to a 250 percent increase in customer engagements for fiscal year 2014, which ended Jan. 31. Similar growth is expected for current fiscal year 2015.
Tidemark’s revenue base also soared 300 percent in fiscal 2014. The growth is a direct result of Tidemark enterprise performance management (EPM) applications rapidly becoming the obvious choice for CEOs and CFOs who are looking to transform business management and performance, and to uncover new avenues for growth and profit within their organizations.
As more and more data becomes critical to making the right decisions towards profitable growth in a highly competitive global economy, more and more companies are turning to Tidemark’s financial and operational planning and analytics applications. Delivering timely, in-context information so people can make crucial data-driven decisions, Tidemark brings analytics to the entire enterprise, enabling a culture of performance through a highly collaborative, intuitive and easy-to-use experience.
New Customers in Fiscal Year 2014
Across a wide range of industries, companies chose Tidemark in fiscal year 2014 to improve their business performance through better analysis, speedier decisions and broader engagement. Tidemark’s customer wins include leading data marketing firms, top universities, premier investment firms, online entertainment giants and globally known consumer packaged goods brands. Among those that chose to transform their business analytics with Tidemark include:
- Brown University
- Quorum Health Resources
- Reddy Ice
- Shelter Mutual Insurance
“Companies in every industry are preparing to return to a new era of growth, but they’re discovering the financial planning and analysis platforms they’ve used for years simply aren’t designed to take advantage of real-time data, cloud-based computation and scalability, as well as empowering business users to take action,” said Christian Gheorghe, founder and CEO of Tidemark. “These companies need modern analytics to thrive in today’s high velocity, highly competitive business environment, and we’re proud to be working together with them.”
Tidemark Spring Launch – Extending Modern Analytics
The next release of Tidemark applications is already generating anticipation among existing and prospective Tidemark customers – all of whom are laser focused on driving growth and profitability to meet ever increasing revenue targets. In April, the Tidemark Spring 2014 Launch will offer advanced new features that will enable enterprises to dramatically improve their ability to plan and forecast how they will manage and accelerate growth opportunities in an increasingly competitive, real-time era.
Tidemark helps companies foster a culture of performance with cloud-based enterprise analytics that engage the entire organization in business transformation. Tidemark’s apps involve multiple lines of business in core enterprise performance management processes, such as planning, forecasting and analysis, for greater collaboration and context. Leading companies transforming their businesses with Tidemark include Chiquita, Hostess Brands, Chuck E. Cheese’s, HubSpot, ServiceSource and Brown University. Tidemark is funded by Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital and Dave Duffield. To learn more about Tidemark, please visit www.tidemark.com or follow us on @TidemarkEPM.