Jedox Continues Growth and Triples Cloud Business in 2017
Jedox Continues Growth and Triples Cloud Business in 2017
Jedox AG, a portfolio company of eCAPITAL and leading provider of integrated Enterprise Planning and Corporate Performance Management (CPM) software solutions, shared details of its achievements in 2017: Jedox was able to triple its cloud business across all regions, adding over 200 new enterprise customers.
Global enterprises are increasingly choosing Jedox Cloud for integrated planning, driven by product innovation for more ease of modeling and integration as well as the new Jedox Marketplace providing further prebuilt models for rapid deployment. The strong partner ecosystem and strategic alliances with Qlik fueled business and confirm the positive outlook for 2018.
In the report “Survey Analysis: Once in the Cloud, Where Does Finance IT Go?”, research and advisory firm Gartner states “SCPM has built a significant cloud base in 2017,” and that “71% of organizations are in partial or full deployment of a cloud solution to address budgeting, planning and forecasting requirements, up from 30% last year”*. Jedox was not only able to triple its cloud business in 2017, but also won many new marquee customers in the enterprise segment for Jedox’s SaaS offering to simplify their Enterprise Planning processes. New Jedox Cloud customers include IKEA Centres Europe, Coca-Cola Chile, NNIT as well as a global “Fortune 500” manufacturer that will streamline their Sales Planning with Jedox Cloud. Jedox also facilitated the smooth transition from on-premises to cloud for several existing customers, such as McDonald’s and GWA Group Limited. In addition, the company was recognized for its ability to execute and completeness of vision: Jedox was among the 13 CPM vendors included in Gartner’s first-ever “Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions”**. Moreover, Jedox was a proud recipient of the Deloitte “Technology Fast 50” award.
“We are very excited to continue to see exceptional demand in our cloud business,” said Kay-Ingo Greve, CEO of Jedox AG. “Planning is moving into the cloud and customers are looking for strategic partners who can help with the transition. The strong and sustained level of demand for Jedox Cloud solutions shows that we have a unique offering for enterprises looking to transform their planning and budgeting processes. Our aim for 2018 is to further accelerate growth by helping customers connect their on-premises and cloud applications, reduce implementation time with prebuilt planning models as well as offering self-service enterprise readiness and global operations.”
In 2017, Jedox strongly invested in product development and officially released the new Jedox Marketplace at its 6th annual Global Partner Summit. The cloud-based Jedox Marketplace is a solution platform for prebuilt planning apps by Jedox and its partners. Jedox is the only cloud CPM vendor to offer its software as a free and fully functional trial version – and Jedox Marketplace enables users to test-drive prebuilt planning solutions in a cloud environment that is up-and-running in seconds. Jedox is certified as “Microsoft Gold Cloud Platform Partner” and has extended its GPU offering for high-performance planning scenarios for risk-free testing on MS Azure Cloud.
Further Milestones in FY 2017:
- Release of Jedox 7.1 with enhanced planning capabilities for power users and planners, optimized data integration, and extended Mobile and cloud capabilities.
- Surpassed more than 2,300 customers in over 140 countries, adding 200+ new customers across a variety of industries, including enterprise customers such as IKEA Centres Europe, Coca-Cola Chile, and Porsche China.
- New partnerships with EY Asia, heyde, MHP Americas Inc., AtoBI, Icon Resources, among 40 new partners in 2017.
- More than 2,200 CFOs, FP&As, and Business Planners joined the “Model Your Success” Jedox Roadshow 2017.
- Over 200 international partners attended the 6th Jedox Global Partner Summit in Hamburg/Germany, with customers and partners presenting their Jedox solutions to the CPM experts.
*Gartner, “Survey Analysis: Once in the Cloud, Where Does Finance IT Go?”, Christopher Iervolino, John E. Van Decker, 16 August 2017.
**Gartner, “Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions,” Christopher Iervolino, John E. Van Decker, 29 June 2017.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Jedox simplifies planning, analysis, and reporting with one unified and cloud-based software suite. Jedox empowers decision makers and business users across all departments and helps them work smarter, streamline business collaboration, and make insight-based decisions with confidence. Over 2,300 organizations in 140 countries use Jedox for real-time planning on the web, in the cloud, and on any device. Jedox is a leading Corporate Performance Management solution provider with offices on four continents and with over 200 certified business partners. Independent analysts such as Howard Dresner and BARC recognize Jedox for its leading enterprise planning solutions.
eCAPITAL entrepreneurial Partners AG is a Münster-based alternative investment fund manager (AIFM) in accordance with EU-directive EuVECA. As a leading German venture capital firm, eCAPITAL has supported innovative entrepreneurs in future-oriented industries since 1999. The firm focuses on rapidly growing companies in the areas of Software / IT, Cleantech, Industry 4.0 and New Materials. Currently, eCAPITAL manages six funds with a total of 220 million euros under management. Find more information under www.ecapital.de/en
Tel.: +49 (0) 761 – 15 147 - 0
eCAPITAL entrepreneurial Partners AG
48155 Münster, Deutschland
Tel.: +49 (0) 251 - 70 37 67 - 0