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Noetix and Kalido Announce Merger-of-Equals
|By Business Wire
|April 23, 2014 06:01 AM EDT
Noetix, the largest independent provider of instant operational
reporting and packaged analytics for Oracle Applications, and Kalido,
the leading provider of business-driven information management software,
today announced they have combined their businesses in a merger of
equals. The combined business is called Magnitude
Software, and is a leading provider of Enterprise Information
Management (EIM) software, with 10 award-winning enterprise class EIM
products and over 600 active enterprise clients with more than 200,000
users in 100 countries worldwide. Nigel Turner, formerly Kalido’s
President, will serve as Magnitude Software’s president. Doug Moore,
formerly Noetix President, will serve as executive vice president and
chief financial officer of Magnitude Software.
“This merger creates a leader in the high growth Enterprise Information
Management market, offering an unparalleled family of applications from
business intelligence and data warehousing to master data management,
reporting and analytics,” said Nigel Turner, president of Magnitude
“Bringing together strong, established enterprise software products
creates economies of scale, and opportunities to leverage talent,
product innovation and best practices across the Magnitude Software
family of applications which will result in more choices and higher
value for our customers,” said Doug Moore, executive vice president and
chief financial officer of Magnitude Software.
The advent of Big Data and an increasing need for accurate, consistent
and timely information is creating a significant growth opportunity for
EIM vendors. According to Gartner revenue forecasts, the addressable
market segments for Magnitude Software products is an $18.2 billion
market which is projected to grow at a combined 7.9 percent CAGR to
$26.7 billion by 20181. "This merger brings together a rich
architecture and expanded business content,” said Claudia Imhoff, author
and internationally recognized expert on business intelligence software,
president of Intelligent
Solutions, Inc., and founder of the Boulder
BI Brain Trust. "This combination will position Magnitude Software
squarely in the Enterprise Information Management market.”
Magnitude Software will continue to innovate, deliver and support the
full Kalido and Noetix product lines and all service and support
agreements remain unchanged. The Kalido product set includes a
model-driven and automated data warehouse solution that integrates data
from multiple sources to rapidly deliver a foundation for analytics.
Noetix products offer operational reporting and packaged data warehouse
solutions that automatically generate business intelligence content from
Oracle E-Business Suite. Together, Kalido and Noetix offer significant
automation that will enable customers to integrate and harmonize data
from multiple sources and rapidly deliver data into the hands of
decision makers across the enterprise.
1. Source: Gartner, “Forecast: Enterprise Software Markets, Worldwide,
2011-2018, 1Q14 Update.” Addressable market segments from the Gartner
report include analytic applications and performance management, cpm
suites, data integration tools, data quality tools, other data
integration software, requirements definition and management, and
business intelligence platforms.
About Magnitude Software
Software is the leading provider of Enterprise Information
Management software that drives real business value for customers.
Magnitude Software offers a family of award-winning applications from
business intelligence and data warehousing to master data management,
reporting and analytics. At the core of Magnitude’s business is a
passionate focus on customer success and a vision to accelerate and
automate the end-to-end process of integrating, managing and analyzing
information to support business decision making, while reducing
operational cost and risk. Magnitude Software drives business results
for over 600 active enterprise clients with more than 200,000 users in
100 countries worldwide. For more information, please visit www.magnitudesoftware.com.
Noetix provides instant operational reporting and packaged analytics for
Oracle Applications. For more than 20 years, Noetix has helped customers
worldwide to quickly and cost-effectively access the enterprise
application data necessary for critical decision-making. For more
information, please visit www.noetix.com.
Kalido is the leading provider of business-driven information management
software, enabling companies to manage data as a shared enterprise asset
with speed, agility and flexibility. Kalido software has been deployed
at customers in over 100 countries, including 20 percent of the world's
most profitable companies as determined by Fortune Magazine. For more
information, please visit www.kalido.com.
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