2009-10-21

By Editor, CIR

Risk and decision analysis firm Palisade 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."

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