Growing Market Demand Accelerates Momentum for GoodData in Q2 2013

SAN FRANCISCO, CA--(Marketwired - Aug 1, 2013) - GoodData®, the leader in cloud business intelligence, today announced strong growth in Q2 2013, including a 102 percent increase in revenue compared to the same period last year. GoodData also closed a $22 million Series D round, added 10,000 new active companies, signed its first seven-figure deal and opened up access to the markets of 26 new countries.

Notable new and expanded customers include: BazaarVoice, Delivery Hero, GitHub, Klarna, Phizzle, Prezi, Redfin, Scanbuy, SendGrid, Service Channel and Switchfly.

GoodData continues to meet growing market demand for simple, powerful and secure cloud-based business intelligence apps. In Q2 2013, the company increased the number of its six-figure annual contracts and rolled out new PoweredBy GoodData partnerships, doubling the number of total Monthly Active Companies (MAC).

Additionally, GoodData raised $22 million in a Series D round led by TOTVS Ventures, of Sao Paulo, Brazil, opening up access to the markets of 26 Latin American countries. With this latest round, the company has raised a total of $75.5 million. GoodData will use the funding to significantly increase headcount, expand globally as well as increase investments in R&D and marketing.

"The growth we've experienced so far this year is phenomenal and we're well on our way to exceed expectations for 2013 in terms of product innovation and business expansion," said Roman Stanek, CEO and founder of GoodData. "It's a virtuous cycle. With GoodData, customers transform their data insights into immediate advantage. This drives the growth of our company and pushes us to rapidly innovate on the most scalable, secure and customer-oriented cloud BI solution in existence."

About GoodData
GoodData provides a cloud-based platform and apps that enable more than 20,000 global businesses to turn data into business advantage. GoodData is headquartered in San Francisco and is backed by Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners, Next World Capital, Tenaya Capital, TOTVS Ventures and Windcrest Partners. For more information, read our blog, visit our website and follow @gooddata on Twitter.

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