With a 575% Growth Rate for the Last 5 Years, Digimind Becomes the Leading Intelligence Software Provider in Europe
As turnover for 2005 soared by 70% to attain an overall 575% growth rate for the last 5 years and net results rose by 122% representing 20% of turnover, Digimind (www. digimind. com) is becoming the leading provider of competitive and market intelligence software in Europe.
(PRWEB) May 13, 2006
As turnover for 2005 soared by 70% to attain an overall 575% growth rate for the last 5 years and net results rose by 122% representing 20% of turnover, Digimind (www. digimind. com) is becoming the leading provider of competitive and market intelligence software in Europe.
"With growth rates of 60% in 2004 and 70% in 2005, Digimind maintains its course, positioning itself above standard growth rates for the French software industry (at 7% according to SYNTEC) and attaining a superior level of performance to its competitors," states Paul Vivant, Digimind's Chairman of the Board. "Of all companies in the sector, it is currently in a prime position to gain maximum benefit from the recovery in the professional software sector as a whole (+6% to 8% for 2006, as provided by SYNTEC) and in market intelligence in particular, as confirmed by these 2006 first quarter figures."
Digimind is obviously in excellent financial health: profitable since its creation in 1998, Digimind auto-financed its development from A to Z, and has achieved annual growth rates in constant acceleration since 2000. The highly profitable 2005 figures confirm Digimind's long-term growth and financial health.
An attractive global and industrial solution for professional competitive intelligence managers
Why are the results so good? "Digimind is the only provider to specialize 100% in competitive intelligence, since 1998. Digimind has by far the most comprehensive range of services on offer in the marketplace. It meets all competitive intelligence needs, for all business sectors. It meets the needs of lone intelligence professionals just as well as those of corporate teams operating worldwide, by enabling companies to industrialize their intelligence processes" explains Olivier Scheffer, Marketing Director for the company.
This approach has attracted prestigious international corporations as well as a growing number of small innovative companies and public or quasi-public bodies, all who wish to manage their intelligence systems internally, thereby creating a major competitive advantage, as accomplished by a third of the CAC 40 companies working with Digimind.
A sound economic model, based on continuous innovation and customer satisfaction
Digimind is well equipped to respond to its customers' intelligence challenges as over 45% of its turnover is re-invested in R&D and in developing sectoral expertise, for instance in the pharmaceutical industry where a third of the top 30 players have chosen Digimind.
Based on a combination of continued innovation and customer satisfaction, Digimind's economic model enjoys a high re-subscription rate (over 95%) and constitutes a solid basis for the company's future developments.
With international expansion on the horizon and the edition of ground-breaking innovations in intelligence software technology, Digimind promises an excellent outlook for 2006.
2005 key figures
Turnover: +70%
Net results: + 122%
Profitability: 20%
Growth over 5 years: 575%
2005 key facts
New customers: Record-breaking year for new customers, including such global international corporations as: GSK Biological, SKF, I&E Decision, Société Générale, Veolia, Schneider, France Telecom…
Innovation: 2005 was an extremely active year for research and development, producing significant advances to further assert Digimind's technological lead:
. Launch of the 1st development framework wholly dedicated to competitive intelligence applications: Digimind Prism. It integrates advanced functions for automatic categorization, language identification, extraction of named entities, universal encoding conversion, etc… ;
. Finalization of technology for connecting automatically to search engines and databases;
. 4 updates annually of Digimind Evolution intelligence platform: tracking flash and usual office software files (word, excel, powerpoint, pdf...), monitoring pages behind web forms or authentication forms and monitoring the invisible web.
Awards: . 259th in the "Deloitte European Technology FAST 500" and the fastest growing provider of competitive intelligence software in Europe.
. ranked top 10 of the 101 most innovative young companies and as most promising IT company, in list compiled by Usine Nouvelle magazine.
About DIGIMIND and DIGIMIND Evolution
With over 200 customers and many ongoing competitive intelligence projects running in France and abroad, DIGIMIND is the number one European provider of competitive intelligence software and a member of the Deloitte European Technology FAST 500.
Its integrated intelligence platform, DIGIMIND Evolution, is the most comprehensive solution on the market, enabling companies and organizations to deploy and manage their competitive intelligence teams and activities rapidly and easily.
To find out more about Digimind, visit our site: http://www. digimind. com (http://www. digimind. com)
PRESS CONTACT:
Olivier Scheffer
Marketing Director
+33 (0)1 53 34 08 08
DIGIMIND
Grenoble
Paris
London
Tel : +33(0)1 5334 0808
Http://www. digimind. com (http://www. digimind. com)
Continued improvement in performance and sound financial health
"With growth rates of 60% in 2004 and 70% in 2005, Digimind maintains its course, positioning itself above standard growth rates for the French software industry (at 7% according to SYNTEC) and attaining a superior level of performance to its competitors," states Paul Vivant, Digimind's Chairman of the Board. "Of all companies in the sector, it is currently in a prime position to gain maximum benefit from the recovery in the professional software sector as a whole (+6% to 8% for 2006, as provided by SYNTEC) and in market intelligence in particular, as confirmed by these 2006 first quarter figures."
Digimind is obviously in excellent financial health: profitable since its creation in 1998, Digimind auto-financed its development from A to Z, and has achieved annual growth rates in constant acceleration since 2000. The highly profitable 2005 figures confirm Digimind's long-term growth and financial health.
An attractive global and industrial solution for professional competitive intelligence managers
Why are the results so good? "Digimind is the only provider to specialize 100% in competitive intelligence, since 1998. Digimind has by far the most comprehensive range of services on offer in the marketplace. It meets all competitive intelligence needs, for all business sectors. It meets the needs of lone intelligence professionals just as well as those of corporate teams operating worldwide, by enabling companies to industrialize their intelligence processes" explains Olivier Scheffer, Marketing Director for the company.
This approach has attracted prestigious international corporations as well as a growing number of small innovative companies and public or quasi-public bodies, all who wish to manage their intelligence systems internally, thereby creating a major competitive advantage, as accomplished by a third of the CAC 40 companies working with Digimind.
A sound economic model, based on continuous innovation and customer satisfaction
Digimind is well equipped to respond to its customers' intelligence challenges as over 45% of its turnover is re-invested in R&D and in developing sectoral expertise, for instance in the pharmaceutical industry where a third of the top 30 players have chosen Digimind.
Based on a combination of continued innovation and customer satisfaction, Digimind's economic model enjoys a high re-subscription rate (over 95%) and constitutes a solid basis for the company's future developments.
With international expansion on the horizon and the edition of ground-breaking innovations in intelligence software technology, Digimind promises an excellent outlook for 2006.
2005 key facts
For the full press release with 2005 key facts, download the PDF File at : http://www. digimind. com/en/download/PR_Results_2005_Digimind_en. pdf (http://www. digimind. com/en/download/PR_Results_2005_Digimind_en. pdf)
To find out more about Digimind, visit our site: http://www. digimind. com (http://www. digimind. com)
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