What does the next two years look like for Nik Software?
- by admin
What does it take to make a software company big?
In the next year or two, the new Nik Software will probably have a new CEO and the company may look a lot different.
But the future is looking bright for NikSoftware, and it’s going to be all about making sure that the software business continues to grow and expand.
The company’s new chief executive, David A. Givens, is expected to start at Nik Software in January.
“The NikSoftware team has the potential to become a leader in the software and data analytics markets,” said Givins, who joined the company last year after more than a decade at Salesforce.
“I look forward to working with the NikSoftware leadership team to continue to advance our mission and products to provide more seamless and faster-growing data and analytics solutions.”
It’s the third year that Nik Software has been making a name for itself in the data analytics space, having launched its flagship product, The Data Guru, in 2011.
That product was an instant hit, with sales of more than $1.3 billion in its first year.
Since then, the company has launched several other data products, including The Data Analyst, which helps customers better understand how their data is being used and analyzed, as well as its new Analytics Suite, which offers powerful tools to analyze data, including machine learning.
Nik Software has a large user base, with more than 60 million monthly active users, which is more than half the company’s revenue of about $1 billion.
“Our customers have really embraced NikSoftware,” said Matt Miller, CEO of the Nik Software Business Intelligence and Analytics Group.
“We’re looking forward to a bright future with the company.”
Nik Software is a subsidiary of the New York-based software giant SAP, which has a market cap of $19.5 billion, according to Forbes.
Nik Software, which provides cloud-based solutions, is a software-as-a-service (SaaS) company, meaning the company provides a paid subscription to its cloud-computing platform.
Nik software also provides business intelligence services to Fortune 500 companies and other large companies.
What does it take to make a software company big?In the next year or two, the new Nik Software will…
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