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Jedox Announces the Availability of Palo BI Suite 3.0

Originally published April 28, 2009

Jedox, an international software company that develops and markets commercial, open source–based planning, analysis and reporting solutions, recently announced the availability of Palo BI Suite 3.0, a complete in–memory based corporate performance management solution that enables a ‘single version of truth’ for data–driven enterprises, business divisions and the open source community. Available as a community or enterprise version, Palo BI Suite 3.0 is now also available on Amazon EC2, making it the first BI solution to fully operate on a cloud.

According to Gartner Group, by 2012, more than 35 per cent of the top 5,000 global companies will “regularly fail to make insightful decisions about significant changes in their business and markets,” because of lack of information, processes, and tools. These findings coincide with greater demand for solutions delivered via software–as–a–service (SaaS) models that offer flexibility and cost–effectiveness to customers.

Palo BI Suite 3.0, backed by Jedox’s own 25 strong development team, as well as a customer base of around 10,000 Palo enthusiasts, is the first commercial–strength, open source BI solution that combines the familiarity and productivity of a web–based online spreadsheet with the centralized server capacity typical of BI applications, together with multi–dimensionality (in–memory MOLAP).

“Since Jedox was founded in 2002, we have seen significant growth in demand for powerful business intelligence solutions; now more than ever, information for planning, reporting and measuring performance is a requirement for any responsible business,” said Kristian Raue, Founder and CEO of Jedox. “The enhancements delivered in Palo BI Suite 3.0 combine a robust BI core with the flexibility that our corporate customers and community want to apply BI to a number of end users scenarios that monolithic BI software packages could not rapidly adapt to support.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.