NEWS

LucidEra Named “Cool Vendor” by Leading Analyst Firm

Press Release
April 9, 2008

Vendors Selected for the “Cool Vendor Report” are Innovative, Impactful and Intriguing

LucidEra, the leading provider of simple-to-set-up and simple-to-use business analytics-as-a-service for sales, operations, and finance managers today announced that it has been named one of Gartner’s “Cool Vendors in Business Intelligence and Performance Management, 2008” in a research report published by Gartner, Inc. on April 4, 2008. The new report, written by analysts Bill Gassman, Gareth Herschel, Andreas Bitterer, James Richardson, and Neil Chandler, selected companies with unique and innovative product offerings.

According to Gartner, “News in the BI and performance management markets in 2007 was mostly about consolidation, but innovation continues to flourish. One driver of innovation is the demand from business users for BI and performance management tools to be available and easy to use, with minimal help from the IT organization.” The report continues, “As might be expected, each of the vendors is unique. This is a telling indication of how dynamic the market will be during the next few years.”

“Being named a ‘Cool Vendor’ by one of the most influential voices in the industry is a tremendous honor and we believe it is a testament to the overwhelming positive response we’ve received from customers, partners, and the marketplace in general to our innovative approach of delivering business analytics as an on-demand service,” said Ken Rudin, CEO and co-founder of LucidEra. “For far too long, gaining visibility and insight into the most critical areas of your business has required implementing expensive and complicated on-premise business intelligence solutions. At LucidEra, we have thrown out the traditional BI approach and totally reinvented how people get the information they need to succeed in their roles. By providing prebuilt analytic applications focusing on areas such as increasing sales productivity or improving order management efficiency, and delivering these applications as a service that is simple to set up and simple to use, we enable our customers to get the benefits of traditional BI solutions without any of the traditional headaches.”

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About LucidEra

LucidEra is breaking down the traditional barriers to business intelligence adoption by delivering business analytics as an on-demand service. LucidEra customers are no longer flying blind when it comes to pipeline visibility and achieving new levels of sales success thanks to dynamic reporting and analysis that is simple to set up, simple to use, and simple to buy. No more guesses. No more surprises. Know more with LucidEra. Visit http://www.lucidera.com or call 1-866-392-8008.