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Five Minutes of News: Palo BI Suite 3.0 from Jedox

May 11, 2009

Editor’s note: This podcast, one of an ongoing series focusing on significant news in the business intelligence and related sectors, focuses on the introduction of Palo BI Suite 3.0 from Jedox.  The press release follows link to a podcast with Jedox Founder and CEO Kristian Raue.

Listen to the Podcast:

FREIBURG — (04/29/2009) — Jedox, an international software company that develops and markets commercial, open source-based planning, analysis and reporting solutions, today 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).

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Posted by Carl · Filed Under Business Intelligence 

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