Sinequa Hits $13 Million in Revenues
August 9, 2010
French enterprise search and content processing vendor Sinequa revealed that its revenues for the 2009-2010 fiscal year were $12.8 million. That’s close enough to $13 million for the addled goose. According to a story in IT Director:
Sinequa announces revenues of $12.8 million for the fiscal year ended December 31, 2009. This is the seventh consecutive year that the company has been operationally profitable. 85% of revenue comes from license sales and maintenance and 15% comes from services and consulting.
The story quoted Jean Ferré, President & CEO of Sinequa as saying:
In the last months, Sinequa signed several contracts worth over a million dollars, two of which exceeded two million dollars. This increase in the size of contracts and our turnover is a result of the technological maturity of Sinequa Enterprise Search 7 in a market that is beginning to take shape. We do not only provide a technological platform, but a complete application: this is why our customers select Sinequa. All these contracts have been won after being in competitive Proof-Of-Concepts where Sinequa demonstrated its technological strength.
In late July 2010, the company revealed that it was thinking about and maybe working on context based search and rich user interfaces. The blog post by M. Ferré revealed:
Nous voila au début d’une disruption industrielle. Nous allons assister à une incroyable transformation de la façon dont les entreprises servent leurs clients et se présentent au marché. Un changement dans la manière d’aider les salariés à travailler efficacement, avec le contexte approprié et toujours en temps réel. Il me tarde d’être dans la section VIP du monde commercial et industriel: travailler dans une entreprise et n’interagir qu’avec des entreprises ou administrations qui utilisent efficacement ces technologies intelligentes. Arrêter de cliquer, scroller, naviguer, et simplement faire l’expérience agréable d’une transition évidente de mon contexte personnel vers les réponses à mes questions. Pour de vrai, cela va changer nos vies en beaucoup mieux.
The purchase of Exalead by Dassault Systems raised the stakes for other French companies in Exalead’s market space. Congratulations to the Sinequa team. Now the company needs to find a way to build its impact in markets outside of France. Maybe ArnoldIT.com’s weaponized information method will be the rosé that works?
Stephen E Arnold, August 9, 2010
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One Response to “Sinequa Hits $13 Million in Revenues”
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Just wondering how many months is the 2009-2010 fiscal year for Sinequa.
Their previous fiscal period was ending May 2008 according to societe.com and this one is ending December 2009 according to Sinequa PR.
They are 19 months from June 2008 to December 2009. It seems that they made $12,8 millions in 19 months and their PR is a little bit misleading …