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Revolution Analytics Releases Annual Results, Says R is Ready for Business(tm) in 2011

Company's Shift to Advanced Analytics Software in 2010 Drove Strong Growth in Revenue and Customer Traction

Revolution Analytics, the leading commercial provider of software and support for the popular open source R statistics language, today announced company results for 2010 highlighting a 450% increase in revenue from its flagship product, Revolution R Enterprise. Under the leadership of predictive analytics pioneer and CEO Norman Nie, Revolution Analytics rebranded in May with a focus on advanced analytics and introduced an aggressive roadmap to expand its R-based software business. As a result, the company tripled its enterprise customer base, adding over 100 new customers to a roster that includes Bank of America, Merck and Acxiom.

Revolution Analytics successfully executed on its roadmap to make R more accessible to the data demands and business requirements of enterprise companies. In 2010, Revolution Analytics bolstered its Revolution R Enterprise software with new capabilities:

  • RevoScaleR, a big data analysis package that increases R's capacity and performance for analyzing very large data sets. For the first time, R users can now process, visualize and model terabyte-class data sets in a fraction of the time of legacy products--without employing expensive or specialized hardware.

"Over the last couple of years, the R statistics language has emerged as the foundation for the future of data science, both in the classroom and in industry," said Nie. "In 2010, Revolution Analytics focused on making R more accessible for business while providing a new generation of students with the same R experience. The growth we've seen in the last six months alone is a testament to not only our ability to execute but also the readiness of the market for an enterprise R offering. Looking to next year, we expect to see increasing demand for advanced analytics at a fraction the cost of legacy offerings."

Other company highlights from 2010 include:

  • Students at more than 100 universities worldwide, including University of Oxford, Rice University, UCLA and the European Business School have taken advantage of free academic licenses for Revolution R Enterprise.
  • The launch of Inside-R.org, a new site for the R community, where they can share resources, ideas and tips. The site also aggregates content and documentation from many sources across the web, with the goal of providing a 'one-stop' location for anyone looking for information about R.
  • The company made key additions to its management team and doubled the number of total employees.

Additional Online Resources

About Revolution Analytics

Revolution Analytics (http://www.revolutionanalytics.com) delivers advanced analytics software at half the cost of existing solutions. By building on open source R--the world's most powerful statistics software--with innovations in big data analysis, integration and user experience, Revolution Analytics meets the demands and requirements of modern data-driven businesses. Headquartered in Palo Alto, Calif., Revolution Analytics is backed by North Bridge Venture Partners and Intel Capital.

Media Contact

Jasmine Teer
Page One PR for Revolution Analytics
revolution@pageonepr.com
+ 1 415-321-2348