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Palisade reports 241% growth in MENA region

Risk analysis specialist sees sales revenues jump in Middle East and North Africa

Risk and decision analysis expert Palisade (www.palisade.com) has reported an increase in Middle East and North Africa sales revenue of 241 percent in the first half of 2009, compared to the same period the previous year.

The company has operated in the region since 2003 and now has clients in a range of industry sectors. Oil and gas companies use the software for a variety of applications ranging from reserves estimation and cost calculation through to new project evaluation and operational risk assessments, whilst universities and academic institutions employ it for MBA programmes, operations research and engineering. Other customers include construction firms and transportation companies, along with government agencies such as utilities and planning departments.

Craig Ferri, UK managing director of Palisade, comments: “Organisations make decisions every day, and each one of these has an associated level of risk.  A more strategic approach to the decision-making process is enabled with risk and decision analysis, which reduces uncertainty in the overall operations of the business.  The increase in this region has been due in part to a noticeable jump in interest shown from companies in the area and also the dedicated Palisade team we have put in place to focus on The Middle East.”

Palisade is the world's leading developer of risk and decision analysis software. Products including @RISK and the DecisionTools Suite integrate seamlessly with Microsoft Excel to provide cutting edge techniques such as Monte Carlo simulation, optimisation and neural networking tools in a familiar and intuitive environment.  The company also offers a wide variety of support to help users maximise their software investment – from customised training courses and academic symposiums to bespoke consulting and programming services.

Palisade will be at stand 116 at the Offshore Middle East show, being held at the Bahrain International Exhibition Centre between 27 and 29 October 2009.

-ends-

About Palisade Corporation
Palisade is the market leader in risk and decision analysis software for Microsoft Excel and Microsoft Project:  93 percent of Fortune 100 companies and 76 percent of Fortune 500 use Palisade tools to make better decisions.  Headquartered in Ithaca, New York, where the company was founded, Palisade also maintains offices in London, England; Sydney, Australia; and offers special services to Latin American customers. Palisade users can be found in over 100 countries, and include the likes of AT&T, Hewlett Packard, Hitachi, IBM, Proctor & Gamble, Dow Chemical, Citigroup, Bristol Myers-Squibb, PricewaterhouseCoopers, Unilever, London Underground, Infineon and Statoil.

For further information:
Kate Alexander / Nicola Males
Vanilla Public Relations Ltd
Email: kate@vanillapr.co.uk / nicola@vanillapr.co.uk
Tel: +44 (0)20 8543 8481 / +44 7976 652491

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