Rosslyn Analytics, the leader in cloud-based self-service spend data management solutions, has been recognized by JMP Securities, a full-service investment bank, as one of the best privately held software companies in the world. Rosslyn Analytics is one of just two UK technology companies included in this yearâs Hot 100 list.
Rosslyn Analyticsâ award-winning technology enables customers to radically accelerate from months to minutes the time it takes for them to analyze spend data, including the ability to monitor spend by suppliers and key categories, immediately identify overpayments and unclaimed tax, determine the cost of paying suppliers early and alert executives to potential fraud.
âRosslyn Analyticsâ inclusion in JMP Securitiesâ prestigious list of Hot 100 software companies is recognition that finance, procurement and IT leaders are increasingly substituting their expensive and unreliable legacy solutions for proven, low-cost and easier-to-use cloud-based services pioneered and led by us,â said Charles Clark, founder and CEO of Rosslyn Analytics. âCustomers using our RA.Pid Spend Data Management Platform have at last a single cloud-based environment that combines best-in-class master data management and spend analytical tools which enable the business to own the management of data while IT controls it.â
JMP Securities included Rosslyn Analytics in its annual Hot 100 list because it is one of the fastest growing UK technology companies with a rapidly expanding global customer base across the private and public sectors.
Rosslyn Analyticsâ success is a result of bringing to market innovative, customer-centric spend data management technologies including the industryâs first self-service spend analytics solution. Since officially launching in October 2010, more than 200 customers have signed up to RA.Pid Self Service ($99 per user, per month) to run base spending reports within minutes of loading data into the RA.Pid Spend Data Management Platform.
Rosslyn Analytics was also recognized by JMP Securities for developing powerful and accurate data extraction tools, which customers such as Clifford Chance have used as part of the companyâs hugely popular RA.Pid Managed Service to obtain a return on investment in just eight weeks.
In an April 2010 report, JMP Securities estimated that Computing as a Service (CaaS) would be a $20 billion market opportunity in 2010, representing 5% of the $372 billion spent on software, storage and servers. Over the next 10 years, the investment bank estimates CaaS to increase to $96 billion and to represent 16% of all enterprise IT spending.