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| Innovative Systems 2001 Revenue Growth Noteworthy |
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| Expertise in delivering data quality solutions fuels growth and positions company for continued success |
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| Pittsburgh, PA - April 30, 2002 - In a year when many technology companies experienced a downturn in revenues, Innovative Systems, Inc. realized substantial growth in 2001. The company today announced that its 2001 new software revenues significantly outpaced those of year 2000, jumping 82 percent year over year. The growth was largely fueled by new clients in a variety of industries including the financial services industry, where Innovative has gained its reputation for operational precision. |
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| "Our ability to continually deliver successful solutions to companies in the financial services industry, which is widely regarded as the most complex environment for data quality management, has resulted in significant growth over the past several years," said Bob Colonna, president and CEO of Innovative. "The experience we've gained in helping those companies has enabled even greater success as we have taken our foundation of knowledge to deliver first-rate solutions across a wide variety of markets." |
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| Innovative's success can be seen in the long list of clients the company serves worldwide. New and renewing clients include: Abbey National, BB&T Corporation, Banorte, Commonwealth of Pennsylvania's Department of Public Welfare, Canadian Imperial Bank of Commerce, Compass Bank, DaimlerChrysler South Africa, FleetBoston, Lutheran Brotherhood, National Association of Home Builders, Regions Financial Corp, Primerica, South African Broadcasting Corporation, Toronto-Dominion Bank and Union Bank of California. |
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| One of Innovative's new financial services clients, SunTrust Banks, Inc., determined that in order to meet their ever-shortening processing windows for householding, they needed to bring a solution in-house. The challenge SunTrust faced was identifying a data quality solution that provided the precision the bank required, and the ease-of-use and flexibility that its changing business needs demand. SunTrust selected Innovative's integrated data quality solution to meet its shorter processing windows with improved results, at a lower cost than its previous outsourced householding solution. |
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| Innovative's proven track record for delivering successful data quality solutions to the financial services industry has accelerated the company's global growth in vertical markets such as government, manufacturing, retail, hospitality, and telecommunications. |
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| About Innovative Systems, Inc. |
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| Innovative Systems is a world leader in delivering enterprise customer information solutions to organizations whose success depends on a complete and accurate understanding of their customers. ISI's solutions include: i/Lytics® Enterprise Data Quality Suite; i/Lytics GLOBAL™ Suite for CASS™ certification, geocoding, and longitude/latitude coordinates; Synchronos™, ISI’s proven CDI and enterprise customer management solution; and FinScan™ for compliance list, sanctions and PEP screening compliance. |
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| Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of customer-centric projects utilizing the firm’s services for creation and maintenance of customer data. ISI’s work has included clients in more than 30 countries. ISI maintains headquarters in Pittsburgh, Pennsylvania, with European operations based in London. Representative offices are in Washington, D.C., Phoenix, AZ, and Mexico City. The Innovative Web site is located at www.innovativesystems.com.
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| Company Press Contact: |
Karin O'Sullivan
Innovative Systems, Inc.
Tel: +1 (412) 937 7678
kosullivan@innovativesystems.com |
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Trademark Notice
i/Lytics, i/Lytics Data Profiler, i/Lytics SECURE, eWatchLine,
Fin-Scan and Synchronos are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. |
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