| BURNSVILLE, MINN., — October 29, 2007 — Lancet Software has been named one of the 50 "Fast Growth" companies in the Twin Cities by Minneapolis St. Paul Business Journal. In an annual survey, the 10-year-old company placed 36th on the list with 46% growth over the year and $5.4M in revenue. Revenue has risen 85.63% over three consecutive years with the increasing demand for the latest Business Intelligence (BI) reporting and analytical solutions that help companies make faster, more effective and economical decisions. Showing a history of steady growth, Lancet grew at 22% in 2004 and 28% in 2005.
Lancet is on track to sustain or surpass the 2006 growth rate in 2008 based on market demands and competitive pressures among companies of all sizes looking for ways to better understand their business and maximize their return on data™. In the third quarter, the company released LancetSI™ (Sales Intelligence), a packaged reporting and analytic solution strategically focused on helping users of salesforce.com better understand how their sales organization is performing using real time reports and dashboards that present information critical to an organization's survival.
"We continue to see an increased demand from companies who want to better understand their business using BI solutions that deliver insight into all aspects of their company, including financial position, operations, sales figures, marketing impacts and other strategic areas," says Lancet co-founder and president, Tom Niccum. "And, we're continuing to expand our consultant base from coast to coast, supporting their efforts with ongoing industry education and keeping them on top of current trends."
About LancetSI™
LancetSI (Sales Intelligence) is a software solution available through Lancet and salesforce.com's AppExchange. LancetSI is packaged with over 60 extensible pre-built reports that can be customized by business users and allows for new report development without programming. The application can be run on-site by the client or hosted at Lancet, offering an integrated platform of at-a-glance reports and dashboards that can extend insight beyond salesforce.com to give a 360 degree view of any company. LancetSI leverages Sesame's Relational Junction™ to extract Salesforce data, making it available for reporting and analysis. For more information, visit www.lancetsi.com.
About Lancet Software
Lancet Software is a professional services firm focused on business intelligence strategy, execution and support for companies that want to maximize their Return on Data™. Lancet's innovative and award-winning "open book" culture readily benefits its customers, who range from consumer goods, Internet, and health care to financial services, telecommunications, government and other industries. A model Minnesota employer, Lancet's Open Book Culture and has earned four total "Best Places to Work" awards from the Twin Cities business media, including a 2006 Minnesota Work-Life Champions Silver Award from The Center for Ethical Business Cultures. It also has achieved national recognition from The Principal Financial Group for its outstanding employee benefits. Business Intelligence clients include Best Buy, Premier Inc., and SuperValu, and others Visit Lancet online at www.lancetsoftware.com
For more information – or to interview Tom Niccum -- please contact Martin Keller at 612-729-8585, or mkeller@mediasavantcom.com. |