Member Article

Strong half-year results for Panintelligence as demand for secure data analytics increases

Fast-growing data analytics and business intelligence (BI) software developer Panintelligence has reported half-year financial results showing an increase in turnover of more than 20%.

Figures for the six months to the end of June this year showed a 23% boost in turnover for the tech business, which was founded just four years ago, from £898,000 for the first half of 2018 to £1.1m. Staff numbers had also grown by 65%, from 23 employees in June 2018 to a 38-strong workforce in June this year.

Based in Leeds, the firm’s Pi software, a highly secure BI and analytics platform, enables organisations to understand and use their own data in order to drive strategic decision making, and has more than 200,000 users worldwide. The Panintelligence software is white-labelled across a wide range of sectors, from healthcare and local government, to retail and education, and provides real-time BI dashboards and analytics.

The last six months have seen a number of significant new order wins for the firm, including from global retail tech business PCMS, whose customer base includes Marks & Spencer and John Lewis in the UK, and Walgreens in the US. Under the contract the Panintelligence data analytics software has been rolled out in a white-label arrangement across thousands of British and American high-street stores, providing retail managers with a visual overview of the stores’ front and back-end operations.

In June Panintelligence also opened its first overseas office, in Boston USA, following a number of US contract wins and a year of market research and business development.

The firm’s CEO Zandra Moore said: “These strong growth figures speak for themselves and we’re well on track to hit our target full-year turnover of £2.4m. Our software is all about the democratisation of data, making it accessible to organisations and helping non-technical people to make sense of it and use it securely to improve business performance. The escalating demand for that, without prohibitive up-front costs, is driving our growth and we are seeing new clients and partners come on board all the time.

“We are really excited about our latest new Panintelligence product, which sees the business move into the area of AI and predictive analytics.”

She added: “We are known as a down to earth Yorkshire firm and great people to do business with, competing globally in this most innovative of sectors and, thanks to our fantastic team, thriving. We are extremely positive about the future and expect the business to go from strength to strength in the next six months and beyond.”

Founded in 2014 following an MBO led by Moore, Mike Cripps and CTO Ken Miller, Panintelligence was originally part of Leeds-based financial services firm Pancredit. The company recently announced a number of new appointments including senior board hires as it gears up for a period of rapid growth.

This was posted in Bdaily's Members' News section by Emma Kilmurray .