Tableau Software Announces Strong Growth in EMEA Region, Tops 5,000 Customer Accounts
Analytics company continues European expansion with office in Frankfurt, record employee growth
SEATLLE, Nov. 26, 2014 /PRNewswire/ -- Tableau Software (NYSE: DATA), a global leader in rapid-fire, easy-to-use business analytics software, today announced an update on its growth in the Europe, Middle East, and Africa (EMEA) region. The company has reached:
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- For the third quarter of 2014, 100 percent revenue growth in EMEA, year-over-year
- More than 5,000 customer accounts in over 90 countries in the EMEA region
- More than 150 employees across EMEA
Tableau opened its first EMEA office in the United Kingdom in 2010 and continues to expand in the region, most recently opening an office in Frankfurt, Germany.
"Europe presents a wonderful market opportunity for us," said Christian Chabot, CEO and Co-founder of Tableau Software. "Tableau is positioned at the intersection of some of the biggest computing trends of our time—big data, analytics, cloud and mobile computing to name a few. We're seeing tremendous momentum as more and more people seek to harness the power of these technologies to see and understand their data."
Gartner estimates that spending on business intelligence and analytics in the EMEA region will exceed $1 billion by 2018, at a growth rate percentage of 11.06 percent.[i]
Tableau also announced it has reached more than 5,000 customer accounts in the EMEA region. Customer accounts include Audi AG, Switzerland Global Enterprise, St. George's Healthcare NHS Trust, and French banking firm BNP Paribas.
Cisco, a worldwide leader in IT, is using Tableau to gain insight into business data for everyone from field representatives to sales managers, directors, and senior executives. "The volume of data that we generate and handle is huge," said David Baudrez, Head of Business Intelligence and Insights EMEAR, at Cisco. "We knew that we needed to change the mentality that data can only be understood by highly trained analysts and technical experts – we wanted actionable data at everyone's fingertips."
Shopitize, a leader in the UK in mobile, interactive shopping intelligence, uses Tableau's visual analytics to analyze data on consumer shopping behavior. With Tableau, the company is developing reports on real-time shopping behavior in minutes that used to take days. "Tableau has become an integral part of our real-time actionable insights offering, which provides brands with a direct mobile channel to consumers," says Dr. Alexey Andriyanenko, co-founder and managing director of Shopitize.
Tableau also continues to see considerable growth in its network of partners throughout Europe. The company recently announced a new partnership with Infosys, a global leader in technology, consulting, outsourcing, and next-generation services with a significant footprint in EMEA. Tableau continues to maintain strong relationships with partners in the region such as the UK's Information Lab.
In October, Tableau received top ratings in the 2014 BARC Business Intelligence Survey, which is based on findings from the world's largest and most comprehensive survey of business intelligence end-users. Based in Germany, BARC is a leading enterprise software industry analyst firm.
About Tableau
Tableau Software (NYSE: DATA) helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 23,000 customer accounts get rapid results with Tableau in the office and on-the-go. And tens of thousands of people use Tableau Public to share data in their blogs and websites. See how Tableau can help you by downloading the free trial at www.tableausoftware.com/trial.
Forward-Looking Statements
This press release contains "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's business momentum, including revenue growth, customer account growth, hiring, partner network growth and overall expansion in the EMEA region. These statements are not guarantees of future performance, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: risks associated with anticipated growth in Tableau's addressable market; competitive factors, including changes in the competitive environment, pricing changes, sales cycle time and increased competition; Tableau's ability to build and expand its direct sales efforts and reseller distribution channels; general economic and industry conditions, including expenditure trends for business intelligence and productivity tools; new product introductions and Tableau's ability to develop and deliver innovative products; Tableau's ability to provide high-quality service and support offerings; risks associated with international operations; and macroeconomic conditions. These and other important risk factors are described more fully in documents filed with the Securities and Exchange Commission, including Tableau's Quarterly Report on Form 10-Q filed on November 7, 2014, and other reports and filings with the Securities and Exchange Commission, and could cause actual results to vary from expectations. All information provided in this release is as of the date hereof and Tableau undertakes no duty to update this information except as required by law.
Tableau and Tableau Software are trademarks of Tableau Software, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
[i] Forecast: Enterprise Software Markets, Worldwide, 2011-2018, 3Q14 Update, published September 10, 2014
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