Noetix Reports Record Growth in First Half of 2012

REDMOND, Wash.--(BUSINESS WIRE)--Noetix Corp., a world-class provider of business intelligence (BI) software and services for enterprise applications, announced today that the company closed the first half of 2012 with record growth. Noetix boosted both its license and total revenue by double digits over the same period in 2011, and the second quarter of 2012 was the largest quarter to date in the company’s history.

“At the close of 2011, we knew we had a solid technology, solution, and services foundation from which to propel the business into 2012”

“At the close of 2011, we knew we had a solid technology, solution, and services foundation from which to propel the business into 2012,” said Noetix CEO Morris Beton. “And our expectations were right on track. More than ever, business intelligence and analytics are at the top of the strategic requirements list for most companies and our corporate performance continues to reflect that.”

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Customer Highlights

Noetix continues to see significant momentum for its Noetix^® Analytics solution, which accounted for almost half of its revenue. A few of the many customers that chose Noetix to support their business intelligence strategy in the first half of 2012 include: Aviat Networks, Dover Corporation, Dunkin’ Brands, Harvard University, Jet Propulsion Laboratory, Montgomery County Public Schools, Newgistics, Panasonic Electric Works, Thermo King, Twitter, and ViaSat. Nearly half of all Noetix customers currently on support have been customers for more than ten years.

Innovation

During the first half of the year, Noetix introduced its highly anticipated new product, NoetixViews^® Workbench, which empowers users to customize and extend NoetixViews^® to meet those reporting needs not met out-of-the-box. NoetixViews Workbench dramatically improves quality, reduces errors, and enhances the productivity of those creating and maintaining customizations.

Another product highlight was Noetix Analytics 5.2, featuring substantial technology enhancements including high availability data marts for around-the-clock reporting and new key performance indicators, such as cash-conversion cycle.

In late Q2, the company introduced Noetix^® Generator for Microsoft^® Business Intelligence, a solution that makes it faster and easier to roll out operational reporting from Oracle^® E-Business Suite application data to Microsoft Business Intelligence users.

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About Noetix

Noetix provides instant operational reporting and packaged analytics for Oracle Applications. For nearly 20 years, Noetix has helped customers worldwide to quickly and cost-effectively access the enterprise application data necessary for critical decision-making. Noetix’s proven technology is being used by 1,500 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.