PrecisionPoint a provider of ‘out-of-the-box’ sophisticated Business Intelligence for users of Microsoft Dynamics NAV and AX has announced that in response to continuing growth it has finalised secondary funding financed by shareholders and appointed David Eldridge as a Non-Executive Director.
The company has tripled its customer base in the last two years and traction of a new subscription licensing model launched in Quarter 4 2011, has resulted in a series of major order wins in the first half of 2012.
David Eldridge is the joint founder and former Chief Executive Officer of Alterian and has invested personally in PrecisionPoint.
David commented: “PrecisionPoint has a clear and well defined target market with a specific need. Dynamics users need to be able to access the business intelligence lying deep within their NAV and AX systems so they can make better decisions. At present, the vast majority do not have that capability which presents a tremendous opportunity for PrecisionPoint.
“PrecisionPoint has a unique offering in this market place with a key differentiator: the software is easy to buy and to implement. They are in a perfect position to now storm ahead.”
Michael Evans, CEO PrecisionPoint told FSN: “PrecisionPoint is in a strong position to take advantage of the markets’ need for business intelligence that provides analysis across the whole organization and validates and reconciles the numbers with complete integrity.
“The secondary injection of funds and the appointment of David to the Board represents a significant landmark in our development. The shareholders are encouraged by our growth to-date and by the traction of the new subscription business model that delivers a full managed on premise service for a monthly fee.”
PrecisionPoint is used by organisations in fourteen different countries.