WOBURN, Mass.--(BUSINESS WIRE)--Pneuron Corporation, innovator of the Pneuron Distributed Platform™ and pioneer in the Distributed Solutions category, announced today significant advances in the first half (1H) of 2014 in design, customer acquisition, customer satisfaction and financial maturity. The Company continues to strengthen its position as the industry’s top platform to connect data, applications, processes and analytics without the need of intermediary databases, associated data integration costs or system replacement.
“We are making large market inroads in deploying against complex distributed problems that have been poorly serviced by traditional data and systems integration models,” said Tom Fountain, chief technology officer. “As we see the market looking to standardize data architecture, the Pneuron design takes several steps further and enables analytics, data, business processes and generic processing to be homogenized. This approach is revolutionizing deployment cost, agility and speed of innovation with a price/performance benchmark exponentially better than any solution available in the market.”
Enhanced High-Performance Analytics Solutions:
With the June release of its updated distributed platform, Pneuron’s technology has proved to provide strong performance without the need for new infrastructure. Utilizing existing spare capacity within a user’s network, the platform offers real-time horizontal and vertical scalability without additional coding or additional hardware. Customers across a variety of industries are showing increased operational productivity for the many deployment scenarios of which the Pneuron platform can be used. For example:
- Large organizations using Pneuron for anti-money laundering deployments have seen an improvement in case disposition cycle time of more than 60 percent;
- Insurance clients have increased claims management operations by 60-70 percent;
- Financial services customers are able to glean problem-solving insights in minutes rather than hours.
Explosive Financial Growth:
Sales in the first half of 2014 surpassed targeted and prior year results by 87 percent and 168 percent, respectively, and achieved 67 percent CAGR over first half results since 2012. Forecasted revenues are expected to yield a 31 percent target overachievement and are currently more than 300 percent greater than in 1H 2013, with a CAGR of more than 210 percent from 2012. Pneuron also successfully completed its first 409a valuation and financial statement audit.
“The team has made tremendous progress in validating our breakthrough approach to solving distributed data, process and system challenges in the enterprise,” said Elizabeth Elkins, chief operating officer. “Pneuron has solidified its presence in the U.S. and extended its footprint internationally with enterprise solutions sold in the first half of 2014. Our financial maturity is continuously fortified by maintaining an operationally sound business model that maximizes revenue and effectively manages costs.”
Pneuron Corporation enables organizations to rapidly solve business problems through a groundbreaking, distributed approach that cuts across data, applications and processes. By targeting the right information at the data source, companies are no longer faced with the complex integration and infrastructure requirements of traditional approaches. Pneuron’s innovative Distributed Solutions Platform enables customers to accelerate business value and develop reports, products and applications in half the time and cost of traditional methods. Its distributed approach is non-invasive, technology-agnostic and leverages an organization’s existing infrastructure, avoiding the deployment risks and IT concerns that are prevalent in today’s centralized data projects. For more information, visit us online at: Pneuron.com, on Twitter or LinkedIn.