Founded in 2000 and already in 25 countries with 125 employees and 11 offices worldwide.
Bitam is enjoying fast growth and expansion. They serve
1500 customers with more than 100 of them utilizing SaaS based solutions. 75% of their clients are $500 Mil or less they have great success in the middle market.
A few financial highlights of Bitam's recent successes:
30+ consecutive quarters of profit with (1st Qtr. 2009 looking strong)
28% rev growth in 07
56% rev growth in 08
They specialize in delivering the EPM Cycle, strategic planning, financial planning and business intelligence. Bitam finds most of its traction when helping the business side of the company. They tend to see the value in utilizing the information to drive the company versus the IT angle of platforms, software and cost concerns. The solution line up includes 3 central products Strategic =
Stratego, Planning =
Ektos and for Monitoring =
Artus.
Its interesting that Bitam doesn't so much aim at the middle market but has found very solid traction within it. I think this is a trend we will see from more and more companies. Smaller firms need and want the same tools as the big guys. Often times its probably more important to them to survive. Implementation times from Bitam vary but the average is 3-6 weeks. They leverage both tools and service to help their clients.
Bitam built out an acquired solution (purchased in 2009) call
KPI Online to provide analytical models. The system has 1000 free subscribers who get access to a couple different KPI's while the 100+ paying customers have full access to all the information on the site. Originally KPI Online was a customer of Bitam technology and they used it to build the KPI Online site.
I have to admit I wasn't too informed on Bitam prior to today and it was great to learn about the company and I also enjoyed meeting Manuel Lopez COO.
