News

November 2008.
Bitam Continues to Prosper through Third Quarter 2008

Atlanta, GA – November 2008. Bitam, a leading provider of Enterprise Performance Management (EPM) software, announces their sustained profitability through the third quarter of 2008. With this milestone, Bitam marks thirty-one consecutive quarters of profitability.

During the current global economic conditions, many businesses are finding it difficult to prosper. Bitam is pleased to announce it continues to grow based on the strength of their products and the leadership team. Bitam continues to prosper not only in Latin America and Europe but also in the U.S. Overall in 2008, Bitam has recognized a 40% increase in revenue from the previous year. Overall revenue is calculated based on direct sales, partnerships and professional services. In the North American market, revenue is up 94% when compared to revenue from the previous year. In South America, revenue is up 120% when compared to 2007. The increased revenue margins are primarily attributed to the increased commitment from David Abdo, CEO of Bitam, to market and strengthen the sales teams and focus on growing the Bitam partner community.

“The foundation for our growth has consistently revolved around two key points – an industry leading product and excellent customer service before and after the sale,” said David Abdo, CEO of Bitam. “These two key points have enabled us to enjoy an 85% win ratio when competing with other EPM vendors. As we begin to look forward to 2009, we will remain focused and committed to these two key points. At the end of the day, our goal is to be easy to do business with, whether from direct sales or our partner program – our entire team is dedicated to ensure the process is smooth and simple.”

From a technical perspective, the Bitam solutions continue to evolve to meet the purchasing needs of clients. In the first quarter of 2008, Bitam released “Bitam G6”. With new functionality such as Knowledge Intelligence and dashboard personalization, this new release has been widely accepted by current customers. By working with and listening to the current customer base, Bitam is able to implement new and exciting features and functionality into their Enterprise Performance Management applications.

About Bitam
Bitam is a global provider of Enterprise Performance Management (EPM) software solutions for Business Intelligence (BI), Financial Planning, and Strategic Planning. EPM software powers the metrics that enable performance reporting, governance, and accountability that help businesses analyze, plan, and manage their business operations to meet business-critical goals. Bitam solutions are known for their rapid deployment, a high rate of adoption by users, low implementation risk, lower costs, ease of use, minimal training requirements, and wide acceptance by the international operations of companies of all sizes. Bitam, founded in 2000, is headquartered in Atlanta, Ga., with 18 global offices spread throughout the United States, Europe and Latin America. Bitam has served more than 1000 customers including Pfizer, Coca-Cola, Home Depot, Johnson Controls, Pemex, GNC, Black & Decker, Janssen and government clients, through direct sales or our extensive partner network. For more information, visit www.bitam.com.