Noetix Attains Record Revenue and Profitability in 2010
03.15.2011– REDMOND, Wash. – Noetix Corp., a world-class provider of business intelligence (BI) software and services for enterprise applications, today announced that it closed fiscal year 2010 with record revenue and profitability, making it the most successful year in company history. Noetix attributes this accomplishment to soaring demand for its Noetix® Analytics product (introduced at the end of 2009) and for the latest release of its flagship product, NoetixViews® for Oracle® E-Business Suite (EBS). “2010 was a tremendous year for Noetix,” said CEO Morris Beton. “Increased customer requests for new products coupled with a 95 percent renewal rate for customer support helped us finish the year in an extremely strong financial position. Noetix BI, our tightly integrated family of products for operational and strategic reporting, enables customers to access real-time data that is critical for immediate decision making and also simplifies access to multi-dimensional and historical data for trending and analysis. Noetix provides Oracle EBS customers with an enterprise–wide, end-to-end business intelligence solution that speeds the deployment of their BI initiatives.” Tweet this: #Noetix closes 2010 w/record revenue & profitability! Q4 brings highest revenue in company’s 16-year history: http://noetix.com?u=ezxuk Industry Recognition Noetix received industry recognition throughout the second half of the year from KMWorld magazine, which named Noetix Analytics a KMWorld “Trend-Setting Product”, and from IDC, which included Noetix in an Analyst Connection research report titled: “Business Intelligence: Now More than Ever.” Customer Adoption Throughout 2010, Noetix helped customers to obtain faster, more insightful views into their daily operations in order to improve their organizations’ overall performance. Companies from a wide range of industries comprised customer deals during the last six months of the year including: Alyeska Pipeline Service Company, BioMarin Pharmaceutical Inc., Cell Signaling Technology, Inc., Curtiss-Wright Flow Control Company, Harvard Vanguard Medical Associates, ICU Medical, Inc., Indiana Mills and Manufacturing, Inc., National Oilwell Varco, Power Design, Inc., SafeNet, Inc, Silver Spring Networks, Talbots Inc., UTi Worldwide Inc., and Verint Systems Inc. New Noetix Analytics customer Boart Longyear, a global mineral exploration company headquartered in Salt Lake City, Utah with 2010 annual sales of $1.476 billion, implemented Noetix BI as part of a company-wide business intelligence initiative and overall ERP system transformation. “The Noetix Platform provides the foundational analytics to support the projected growth in our business in 2011 and beyond,” said Jeff Kuckenbaker, CIO. Boart Longyear’s Director of Business Intelligence, Jeff Burtenshaw, added: “NoetixViews has been invaluable in terms of educating my team and our business systems analysts about where to find their Oracle data for operational reporting. With the Noetix Search product, we were able to navigate Noetix content and determine quickly where information is stored from a business semantic perspective. Also, the data warehouse model in Noetix Analytics has been a tremendous help to delivering robust analytical reporting right from the beginning of our Oracle EBS go live.” About Noetix Noetix provides instant operational reporting and packaged analytics for Oracle Applications. More than 1,400 customers worldwide use Noetix to quickly and cost-effectively access the enterprise application data necessary for critical decision-making. Noetix’s proven technology is being used by industry-leading customers including: Cummins, 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. For more information, please contact: Rebecca Haas, REVOLUTION Public Relations for Noetix, (503) 206-7635, rebecca@revolutionpr.com
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