Oco Identified in
Software-as-a-Service Category
WALTHAM, Mass. – Feb. 16, 2010 - Oco,
Inc., a leading
Software-as-a-Service (SaaS) provider of business analytics solutions, announced today that
it has been included by the well-respected market research firm, Gartner, Inc.,
in a recent report the firm published on the state of the business Intelligence
(BI) industry and its key players.
Gartner’s
Magic Quadrant for Business Intelligence
Platforms, published Jan. 29, 2010, and authored by analysts Rita L.
Sallam, Bill Hostmann, James Richardson and Andreas Bitterer, provides an
analysis of the market for BI solutions in 2010 and positions the vendors
within specific categories of BI. While the report focuses on the largest
vendors in the BI marketplace, it notes the increasing interest in SaaS BI solutions because of their
rapid, lower-cost deployments. The Gartner
Magic Quadrant report names Oco as a provider of SaaS BI solutions.
“We’re
pleased to be named in the Gartner Magic
Quadrant for Business Intelligence Platforms report and to provide
real-world experiences to the report,” said Bill Copacino, president and CEO,
Oco, Inc. “Our approach to delivering a
complete solution that companies can use to immediately address business needs
stands apart in the industry from traditional tools-based approaches to SaaS
BI. As Oco customers have attested, our
SaaS-based solutions help them gain the visibility and analytics they need to
quickly identify issues and targeted areas for improvement throughout their
organizations and extended partner networks, drill down to the root cause of
problems, and make more effective business decisions.”
According
to the report, “growth [of SaaS BI] will be accelerated by organizations'
increasing need to deploy intuitive BI tools and applications cost-effectively
to more users, reduce time to value and time to scale, and lower capital
expenditures.” The
report also states that “the market for BI platforms will remain one of the
fastest-growing software markets despite the economic downturn.”
About the Magic Quadrant
The
Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with
permission. The Magic Quadrant is a graphical representation of a marketplace
at and for a specific time period. It depicts Gartner's analysis of how certain
vendors measure against criteria for that marketplace, as defined by Gartner.
Gartner does not endorse any vendor, product or service depicted in the Magic
Quadrant, and does not advise technology users to select only those vendors
placed in the "Leaders" quadrant. The Magic Quadrant is intended
solely as a research tool, and is not meant to be a specific guide to action.
Gartner disclaims all warranties, express or implied, with respect to this
research, including any warranties of merchantability or fitness for a
particular purpose.
About Oco, Inc.
Oco is a leading provider of
Software-as-a-Service (SaaS)-based business analytics
solutions. The company provides complete BI solutions
to customers such as Casual Male, Dunkin’ Brands, Fidelity Investments, Office
Depot and Welch’s. Oco’s unique business-centric approach to
BI helps companies solve targeted business issues, achieve
payback within 90 days and triple their return on investment.
Leveraging best-practice analytics, pre-built data models, and patented
technology, Oco's SaaS-based solutions are delivered in a fraction of the
time, at a fraction of the cost of traditional solutions, with fewer IT
resource requirements than traditional approaches. In addition to its own
product portfolio, Oco also offers an on-demand BI solution through
its partnership with SAP BusinessObjects. Oco was founded in 1999 and its
headquarters are in Waltham,
Mass.
More information about Oco can be found at www.oco-inc.com.
