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Kapow Software Announces Record Results for Second Fiscal Quarter With 156% Percent GrowthSurge in Demand for Real-Time Access to Social Media, Competitive Intelligence and Big Data by Companies Such as Astra Zeneca, Bank of America and EMC Fuels Growth (January 10, 2012)
PALO ALTO, CA -- (Marketwire) -- 01/10/12 -- Kapow Software, a leading innovator for social media, cloud, and Big Data solutions, announced the strongest second quarter results in company history with the fiscal quarter ending December 31, 2011. Compared to the preceding quarter, new subscriptions grew by 156 percent, while compared to the same quarter one year ago, new subscriptions grew 76 percent. The company benefited from continued growth in cloud application integration and social media monitoring and took advantage of the surge in demand for accessing and automating actionable information from Big Data.
"Enterprises see the expanse of applications and data growing around them inside the firewall as well as externally in the cloud, and are looking for solutions to make smarter decisions, build better products, and outwit the competition," said John Yapaola, president and CEO of Kapow Software. "Whether social media, cloud, or Big Data, they understand that in order to reap the benefits, they must first be able to access and integrate apps they often don't own and data that is unstructured. More and more customers turn to Kapow Software to regain control over these apps and data to build more intelligent, efficient, innovative companies."
Krishna Roy, analyst at the 451 Group, added, "Application integration and Big Data are becoming ever-increasing hot-button topics, given the proliferation of information -- particularly from social media, cloud, and SaaS environments -- and the need to bring it into the mix for analysis. Kapow Software seems well-placed to handle this with their line-of-business focused integration platform designed to integrate information from unstructured, semi-structured, or structured data sources without the need for APIs or coding."
Kapow Software takes advantage of three growing and converging areas: web intelligence, application integration, and agile software development
Enterprises are looking for answers, competitive advantage, and efficiencies across social media, Big Data, cloud apps, partner systems, competitive intelligence, and web data, among thousands of other options. Yet most of these sources remain difficult to access and integrate with analytics tools and systems that help them distill the intelligence to take action. And the time, effort, and expense to deliver these projects are often prohibitively high. Kapow Software solves this dilemma in a self-service platform that allows line-of-business users to create their own integration solutions in a fraction of the time and cost traditionally associated with application integration software development.
Industry Leaders Choose Kapow Katalyst
Kapow Software experienced revenue growth in the second quarter with both new and existing customers such as Astra Zeneca, Bank of America, EMC, Fiserv, Hyatt Hotels, Mitsui Sumitomo MetLife Insurance, PetSmart, and Wayfair (CSN Stores).
About Kapow Software
Kapow Software rapidly integrates, synchronizes, and migrates any data and application inside the enterprise, in the cloud, or on the Internet. More than 500 customers, including Audi, Commerzbank, Intel, NetApp, and dozens of federal agencies rely on Kapow Software for Big Data, social media, cloud and web application integration, web intelligence, and mobile enablement, among other critical solutions. Discover how we can help your company, at www.KapowSoftware.com or call 1-800-805-0828.
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