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Tidemark's Cloud-First, Mobile-First Modern Platform Quickly Becoming the Cloud Solution of Choice for Forecasting, Budgeting and Financial Planning
REDWOOD CITY, Calif., June 11, 2014 /PRNewswire/ -- Tidemark, maker of modern cloud-first business planning and enterprise analytics solutions, today reported continued strong growth in revenues and customer engagements for its fiscal first quarter 2015, which ended April 30, 2014.
Tidemark's quarter, the largest in its history, was highlighted with customer engagements growing by more than 200 percent in the first quarter compared to the same quarter in fiscal year 2014, while revenues rose by 300 percent during the same period. In addition to rising revenue and customer engagements, the Tidemark staff grew by 11 percent during this period. The company's growth is expected to continue with Tidemark's recently announced international expansion.
More and more businesses are transforming their financial and operational planning, forecasting and reporting activities by selecting Tidemark over cloud vendors including Host Analytics, Anaplan and Adaptive Insight, as well as over legacy vendors such as SAP BPC, Oracle Hyperion and IBM Cognos. Tidemark's revolutionary user-experience, easy to use applications and big data analysis capabilities coupled with a cloud-first approach to modeling and analysis is helping some of the world's most respected brands to make smarter data-driven decisions in the digital era.
Fueling Tidemark's growth are new customer relationships with transformative businesses in an array of markets, including the University of Miami, Apria Healthcare, Care.com, Laredo Petroleum, and Lineage Logistics to name a few.
Tidemark concluded the quarter with the launch of its Spring '14 Release packed with innovative new features like Tidemark Playbooks™. In addition, the company announced a new $32 million round of financing. The funds will help Tidemark accelerate its global sales and marketing efforts and continue to redefine enterprise performance management with groundbreaking new features.
"We're proud to be partnering with so many visionary customers who are seeking powerful new ways to solve legacy problems with modern technologies," said Christian Gheorghe, founder and CEO of Tidemark. "As our continued momentum demonstrates, we're strengthening our foothold in a marketplace that's ripe for disruption. This is a marketplace populated by businesses that recognize the transformative value of empowering all employees, including non-finance users, to perform modern business planning in the digital era."
Tidemark is a new breed of enterprise performance management (EPM), bringing modern, cloud-first financial and operational business planning and analytics to the enterprise through unique, intuitive apps, enabling organizations to significantly improve decision-making, reduce risk and improve business performance. Tidemark arms every decision maker with access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations on any device, enabling a culture of performance. Leading companies transforming their businesses with Tidemark include Netflix, 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 Silicon Valley Bank. To learn more about Tidemark, please visit www.tidemark.com or follow us on Twitter @TidemarkEPM.
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