October 13, 2020, Santa Clara, Calif. – Prevedere, the leader in external data and predictive analytics software for intelligent forecasting, today announced record growth in the third quarter of 2020 in both new customers and annual contract value (ACV) as companies seek to understand what the COVID economy will mean to their business.
“Q3 2020 was a record quarter for Prevedere, exceeding previous metrics for new customer logos and the average value of new contracts. We’ve also continued to enhance our Economic Scenario Planning solution and added another patent,” said Rich Wagner, CEO of Prevedere. “Companies are finding it difficult to plan during this unique recession. With our success, it’s evident that our solutions are not only resonating but necessary in a COVID world.”
Key Q3 2020 Highlights
- Record number of new customers in Q3 and year to date
- New customers added year to date increased by 50% from the first three quarters of 2019
- Record percentage of deals through partner relationships, demonstrating expanded reach in the market with strategic partners
- New partner deals with Microsoft and Nielsen
Planning during the COVID-19 pandemic remains to be an extraordinary challenge for businesses. To meet this need, Prevedere continued the advancement of its Economic Scenario Planning solution in Q3. This enterprise-class solution projects future business outcomes under three plausible economic scenarios: Baseline, Optimistic, and Pessimistic. Companies can improve planning and risk management with a clearer view of the pandemic’s evolving impact, including variations by region and operating unit.
“Economic Scenario Planning has helped our customers achieve a more accurate and dynamic planning capability in a period of tremendous upheaval,” said Rich Fitchen, CRO of Prevedere. “Through external data, AI-powered econometric modeling, and deep economic expertise, the solution has helped countless companies gain their footing during the pandemic. It’s a custom solution tailored to individual companies across more than a dozen industries.”
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on economic trends. Our predictive economic intelligence offering helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to millions of indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.com and follow @Prevedere on Twitter.