Press Release, 1 November 2011

Backbase is visionary in Gartner’s Magic Quadrant for Horizontal Portals 2011

Backbase has been included in the Visionary Quadrant of analyst firm Gartner Inc.’s, Magic Quadrant for Horizontal Portals, 2011. This culminates a year of growing momentum for the company in the global portal market.

According to Gartner, “Visionaries in this year’s Magic Quadrant demonstrate a firm grasp of emerging customer needs and the potential impact of new technology.”

Backbase CEO Jouk Pleiter said: “We are honored to be recognized by Gartner with a placement in the Visionary Quadrant. We consider this a validation of our hard work, particularly over the last year, to deliver an easy to use and quickly implemented portal solution to our customers.”

Backbase gained a significant number of premier customers in the financial services sector as well as several important implementation partners in 2011. Backbase has also focused on geographic expansion to better serve its growing global customer base. Over the last 12 months Backbase signed 18 large enterprise deals, expanded its North America presence with an new office in New York City and released version 5.0 of its Portal Suite.

Backbase differentiates itself in the industry with a lean Portal solution that is based on Widgets and Web Oriented Architecture design patterns. Customers praise its quick deployment capabilities and its ability to enable easy portal management by e-business professionals, as well as, customers.