MINNEAPOLIS -- IDeaS, Inc., a leading provider of revenue management solutions and one of America's fastest growing technology announced today that it has received a new $3.5 million investment from Sutter Hill Ventures, Morgan Stanley Venture Partners, St. Paul Venture Partners and other private investors. The capital will be used to fund the rollout of the new 4.0 version of the company's e-yield revenue management product. Additionally, these funds will enable IDeaS to productize its radical new pattern recognition technology. IDeaS expects these initiatives will provide the foundation for the next generation of revenue management solutions as well as a major impetus to the field of advanced revenue management.
IDeaS ranked #4 in the prestigious Deloitte & Touche Fast 50 Program in Minnesota and #252 in their national Technology Fast 500, posting 5-year 1980% revenue growth. IDeaS also ranked #229 in the Inc 500, as one of the nation's fastest-growing private companies. Subsequent to these awards, IDeaS announced another 67% annual growth in revenues for 2001. Integrated Decisions and Systems, Inc. "IDeaS" is the leading provider of revenue management solutions that deliver measurable, guaranteed revenue increases. The company has invented solutions that enable global clients to manage complex market segmentation, packaging, pricing and inventory management. IDeaS solutions create compelling enterprise value: IDeaS' founders pioneered innovative revenue management solutions for companies including US Air, Northwest Airlines and United Van Lines. In 1996, IDeaS created a solution designed for the hospitality industry; fundamentally changing the practice of revenue management with automated decision execution solutions and guaranteed results. IDeaS clients include global hotel properties and chains, such as the Plaza Athénée Paris, Vail Resorts, Hyatt International Corporation, Inter-Continental Hotels & Resorts, Hilton International, Millennium & Copthorne, Six Continents Hotels, Mandarin Oriental Hotel Group and Kempinski Hotels and Resorts, among others. IDeaS has been recognized as one of America's entrepreneurial growth leaders in the "Inc 500", "Software 500" and Deloitte & Touche's "Fast 50." In the past year, IDeaS has also won the prestigious "World Class Solution" Award recognizing innovative, successful business intelligence implementations that provide true business value. IDeaS, founded in 1989, is headquartered in Minneapolis, Minnesota. The company maintains technology development, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia. For more information, visit
Contact
Jill Gibbs
Phone: 651 905-3200
Email: jill.gibbs@eyield.com
Organization
IDeaS a SAS company
https://ideas.com
8500 Normandale Lake Boulevard, Suite 1200
USA
- Minneapolis, MN 55437
Phone: (952) 698-4200
Email: info@ideas.com
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