Centerline Capital Group (NYSE: CHC), one of the nation’s leading full-service real estate finance companies, has selected Cartesis 10, the integrated platform for financial planning, consolidation and analytics. The Cartesis 10 solution will support Centerline’s strategic business objectives in addition to tackling enterprise-wide performance management challenges.

With more than 500 employees in 10 offices throughout the United States, Centerline needed a fully integrated solution in order to keep the company’s various internal teams strategically aligned. Cartesis 10 will alleviate Centerline’s current reliance on spreadsheets for data collection and manipulation. Switching from a manual, labor-intensive spreadsheet process is necessary to meet the company’s increasing budgeting and reporting needs. [Read more…]

Connect 2007 to Showcase Product Innovation, Recognize Customer Successes and Shape Future of Performance Management Norwalk, CT, April 9, 2007 – Cartesis will convene its 8th annual North American User Conference, Connect, with nationally recognized industry thought leaders, customers and partners. Connect 2007 North America will be held from May 6-9, 2007 at The Grand Floridian Resort & Spa in Orlando, Florida.

This year’s event will highlight a new release of the Cartesis suite and focus on business topics such as enhanced business reporting, compliance, corporate responsibility and strategic innovations in financial reporting. The conference will spotlight the growing customer momentum around the Cartesis BPM suite, and best practices in implementation and deployments.

“We view our customers as key partners to help us to stay ahead of business trends and infuse our product suite with new and innovative functionality,” said Trevor Walker, vice president marketing North America. “Connect is a critical venue to showcase our product suite, but more importantly to share best practices and develop strategies to address emerging trends such as XBRL and Enhanced Business Reporting.” [Read more…]

Cartesis announced a long list of accomplishments for the first half of its fiscal year 2007 – the time period from July 1, 2006 to December 31, 2006. These accomplishments include a record number of wins, an 81 percent increase of mid-market product license revenue, the delivery of two key products – Cartesis Analytics and Cartesis Intercompany – and the introduction of a new channel program.Cartesis closed a record number of wins in H1 FY07, up 33 percent from the same period last year. Important wins and completed deployments occurred at ABN Amro, Atari, Cargill, CH2M Hill, Delhaize, IXIS, Lehman Bros, LVMH, Meggitt, Nestle, Nomura, PepsiAmericas, PSA, Standard Life, Swiss RE, SYSCO, TD Securities, Tesco and Wachovia.

A notable trend in H1 FY07 was Cartesis’ success in the mid-market, or clients with annual revenues of $300 mill to $750 mill. Much of this growth can be linked to the development of the Cartesis 10 Standard Edition product line, which grew license revenue by 81 percent when compared to the previous year’s first six months. The company sees this as very positive as it indicates a broader market acceptance of sophisticated performance management products. Historically, larger companies were more likely to understand the return on investment that performance management solutions provide. [Read more…]