Bimotics Inc.
Company Overview
Bimotics empowers small and medium businesses (SMBs) with advanced Business Intelligence (BI) analytic software capability. With Bimotics, SMBs can rapidly identify operational flaws, revise operations in real time, and rapidly improve financial performance. Unlike any competitive product for the SMB market, Bimotics BI tools are simple to install, easy to use, accelerate problem identification/remediation, and provide industry-leading value. Our management team consists of Roberto Landrau (CEO) and Areeya Lila (COO). Together they have extensive experience in the areas of Business Intelligence software, business performance analysis and management, product development, operations, entrepreneurship and manufacturing. Both play an integral role in the product development, operations, and marketing of Bimotics. This is a team that has already managed million dollar software projects.
Product / Service
Bimotics’ analytic software and services empower SMBs so they can rapidly integrate the productivity software they currently use without expensive and time-consuming customization. Bimotics’ products provide easy to use, customizable displays that meet customers' exacting requirements and allow them to efficiently detect problems, implement operational changes and optimize performance. Unlike alternatives, Bimotics products are cost efficient. Bimotics primary revenue stream is SaaS for its predictive revenue stream. 3 types of support fees are offered that by nature yield higher margins. Our network of alliances and resellers put forth industry and professional experts that can recommend key business analytics and offer complementary solutions thus building adjacent and affiliate markets. Finally, we can aggregate data from our multi-tenant site for industry reports and benchmarks.
Target Market
Gartner estimates the Business Intelligence (BI) market to be $12.2B growing at 16%. The Analytics Applications segment, which Bimotics belongs, is $1.9B. This market is described as a land grab where demand greatly outpaces supply. Aberdeen Research estimates BI for SMB to be $500M. SMB trends show a growing reliance on SaaS in accounting, payroll, and CRM- the seamless integration of these systems is at the heart of the Bimotics platform. The Company will initially target business with $1M to $9M sales revenue and 20-500 employees. This is about 617,000 US firms. Our phased approach to market initially focuses on Manufacturing and Wholesale Trade with an addressable market of 97,200 companies. About 21,400 already use BI with a CAGR of 23% according to Techaisle. Downward pressure on operational margins drives the need for affordable and self-service BI products like Bimotics.
