| [March 06, 2008] |
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Noetix Sales Momentum Continues with Double Digit Revenue Growth for 2007
REDMOND, Wash. --(Business Wire)-- Noetix(R) Corp., a software provider that automatically generates business intelligence (BI) content from enterprise applications, today announced that fiscal 2007 was the company's third consecutive year of double digit revenue growth.
"Noetix's outstanding year-end results point to our progress in executing on our growth strategy to expand geographically, build a solid foundation of industry partnerships, and continue to introduce innovative BI reporting solutions that save our customers time and money in their BI initiatives," said CEO Morris Beton. "With economic growth slowing across the globe, more companies will look to leverage their BI and data collection investments to make more informed business decisions, and this continues to create an enormous market opportunity for Noetix."
Noetix increased its customer base in 2007 to 1,400 customers, with new customer deals accounting for 48 percent of the company's overall growth. New customers include BMC Software, Cisco Systems, Cubist Pharmaceuticals, Dot Hill Systems Corp., NCH Corporation, Pepsi Bottling Group, Inc., POM Wonderful, United Online, Inc., and Vertex Pharmaceuticals.
Other significant milestones witnessed by Noetix throughout 2007 included:
-- Expanded partnerships with industry leaders such as Oracle, Business Objects, Cognos, and MicroStrategy.
-- Maintained strong momentum from repeat business with customers, including: City of Detroit, Emerson Process Management, Humana, Inc., MasterCard International, National Rural Electric Cooperative Association (NRECA), R.H. Donnelley Corp., St. Jude Children's Research Hospital, Inc., and Welch's.
-- Received industry recognition as a "2007 Innovative Solution" from DM Review magazine, a "Trendsetting Product of 2007" from KMWorld magazine, and a "World's Best Software Product" from InfoSecurity.
-- Increased number of employees by 20 percent.
-- Introduced major product offerings, including:
-- Noetix Generator 1.0 for Business Objects - a new offering that automatically populates Business Objects universes with the rich content of NoetixViews for Oracle E-Business Suite and exports these generated universes into the Business Objects environment. Users can immediately begin working with Web Intelligence, Desktop Intelligence, Crystal Reports, or any other Business Objects tool to develop reports and queries against configuration-specific views of their Oracle E-Business Suite application data.
-- Noetix for Oracle E-Business Suite QuickStart - delivered in partnership with Business Objects, this is a fully integrated end-to-end reporting solution that deploys quickly and easily, providing flexibility while remaining affordable for mid-size companies. It includes a bundling of BusinessObjects Edge Series with NoetixViews for Oracle E-Business Suite and the Noetix Generator for Business Objects.
-- Noetix Generator 2.0 for Cognos 8 BI - provides support for NoetixAnswers, a set of pre-built, configuration-specific reports based on NoetixViews, designed to answer users' most common business questions. This release further accelerates and simplifies an administrator's ability to roll out end-user reporting to their Oracle E-Business Suite users and includes support for Cognos version 8.3.
-- NoetixViews for Oracle Advanced Supply Chain Planning (ASCP) - enables information access to performance management across the entire enterprise including extensive content coverage of Oracle's ASCP database in key subject areas such as Supply & Demand, Exception Management, and Supply Chain input data.
-- NoetixViews for Project Manufacturing - new robust module which supports companies in the Engineer-to-Order, Make-to-Order, Aerospace, and Defense industries.
-- Noetix Platform 5.5 SP2 - includes dramatic improvements in memory management, exception reporting, and performance enhancements to Noetix WebQuery and Noetix QueryServer along with enhanced subscription functionality.
-- Noetix Dashboard 3.7 - released with enhanced scheduling support, improved third-party portal integration, and streamlined context-sensitive drilling.
-- NoetixViews 2.5 SP1 for Siebel - incorporates support through Siebel 7.8 and also includes support for Microsoft SQL 2005.
Noetix jumpstarts the deployment of any BI initiative by pre-populating reporting objects into the BI tool of choice, eliminating the manual effort required to setup and maintain the reporting environment. Thousands of Oracle Enterprise applications customers use Noetix everyday to rapidly gain the insight needed to make informed decisions for their organizations.
About Noetix
More than 1,400 customers worldwide use Noetix to quickly and cost-effectively access the enterprise application data they need to make important business decisions every day. Noetix provides software that automatically generates metadata from enterprise applications, enabling immediate access to data. Unlike most business intelligence tools that require weeks of extensive manual mapping to be set up and maintained, Noetix uses patented technology to automatically discover and produce metadata based on customers' specific implementations of Oracle E-Business Suite or Siebel Business Applications. Noetix provides this business intelligence content with easy search and navigation capability, empowering users to quickly generate the ad hoc, operational reports needed to make critical and timely business decisions. Noetix's proven technology is being used by industry-leading customers worldwide, including: CompUSA, Motorola, Starbucks, Toshiba, Welch's, and Visa. The company is headquartered in Redmond, Wash., with international operations in London and Hyderabad, India.
Noetix is a registered trademark of Noetix Corp.
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