PROGNOZ is a privately-held company based in Perm

Perm

Perm is a city and the administrative center of Perm Krai, Russia, located on the banks of the Kama River, in the European part of Russia near the Ural Mountains. From 1940 to 1957 it was named Molotov ....

, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

 that develops business software. The company’s software is commonly categorized in the business intelligence

Business intelligence

Business intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....

 or business process management

Business process management

Business process management is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. BPM attempts to...

 market segments. Currently, the company’s main software application is the PROGNOZ 5 Platform. PROGNOZ 5 organizes and analyzes business and macroeconomic data, and can create econometric models based on datasets..

In addition to its headquarters in Perm, PROGNOZ has offices in Beijing

Beijing

Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...

, Brussels

Brussels

Brussels , officially the Brussels Region or Brussels-Capital Region , is the capital of Belgium and the de facto capital of the European Union...

, Moscow

Moscow

Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...

, and Washington

Washington, D.C.

Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

. The company name derives from the Russian word for “forecast.”

History

PROGNOZ was founded as the result of a Soviet-era collaboration between the Russian Academy of Science and the Ministry of the Economy. In 1987, a team of economists and scientists from the Academy’s Institute of Economics gathered at Perm State University to conduct a series of economic forecasting projects for the Ministry. Four years later, after the establishment of the Russian Federation opened the national economy, one of these economists, Dmitry L. Andrianov, founded PROGNOZ to address the need for business software that analyzed and forecast economic information. (Andrianov continues to serve as PROGNOZ’s CEO today). A year later, in 1992, PROGNOZ introduced the PROGNOZ Analytical Suite, a software application for statistical analysis and econometric modeling, and a predecessor to the PROGNOZ 5 Platform. In 2001, PROGNOZ expanded its operations from Perm and opened an office in Moscow. This expansion continued in 2006 with offices in Beijing, Philadelphia, Washington DC, Kiev and other locations.