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Oco Named in Gartner’s Report on Players in BI Industry

Originally published February 17, 2010

Oco, Inc., a leading Software-as-a-Service (SaaS) provider of business analytics solutions, recently announced that it has been included by the well-respected market research firm, Gartner, Inc., in a recent report the firm published on the state of the business Intelligence (BI) industry and its key players.

Gartner’s Magic Quadrant for Business Intelligence Platforms, published Jan. 29, 2010, and authored by analysts Rita L. Sallam, Bill Hostmann, James Richardson and Andreas Bitterer, provides an analysis of the market for BI solutions in 2010 and positions the vendors within specific categories of BI. While the report focuses on the largest vendors in the BI marketplace, it notes the increasing interest in SaaS BI solutions because of their rapid, lower-cost deployments. The Gartner Magic Quadrant report names Oco as a provider of SaaS BI solutions.

“We’re pleased to be named in the Gartner Magic Quadrant for Business Intelligence Platforms report and to provide real-world experiences to the report,” said Bill Copacino, president and CEO, Oco, Inc.  “Our approach to delivering a complete solution that companies can use to immediately address business needs stands apart in the industry from traditional tools-based approaches to SaaS BI.  As Oco customers have attested, our SaaS-based solutions help them gain the visibility and analytics they need to quickly identify issues and targeted areas for improvement throughout their organizations and extended partner networks, drill down to the root cause of problems, and make more effective business decisions.”

According to the report, “growth [of SaaS BI] will be accelerated by organizations' increasing need to deploy intuitive BI tools and applications cost-effectively to more users, reduce time to value and time to scale, and lower capital expenditures.” The report also states that “the market for BI platforms will remain one of the fastest-growing software markets despite the economic downturn.”

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