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Innovative Systems' News & Events |
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Press ReleasesInnovative Systems 2001 Revenue Growth Noteworthy Expertise in delivering data quality solutions fuels growth and positions company for continued success 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. "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." 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. 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. 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. About Innovative Systems, Inc. Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer information process consulting. The company has set the standard for data quality management in thousands of customer-centric projects utilizing the firm’s services and software for creation and maintenance of customer-centric databases. Innovative Systems is headquartered in Pittsburgh, Pennsylvania, with European offices in London, and representative offices in Brazil, Mexico, the Netherlands, Norway, South Africa, and the Middle East. ISI software supports both UNIX and IBM operating systems in interactive and batch modes. Its screens can easily be adapted to any language, and its software supports Unicode. ISI has completed projects in more than 30 countries in seven natural languages – with additional languages added on demand. The Innovative Systems Web site is located at www.innovativesystems.com. Company Press Contact: Trademark Notice |
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