Single Customer View and Sanctions Screening Solutions Drive Fifth Consecutive Year of Significant Growth for Privately-Held Data Specialist
Cambridge, UK – 21 January 2011 – Risk & Compliance screening and enterprise data management specialist, Datanomic, completed its fiscal year ending 31 December 2010 with yet another year of significant growth, achieving a 5-year compound growth rate of more than 105 percent. Such success cements Datanomic’s place as one of Britain’s fastest growing and most successful privately held companies. In addition to growing its existing account base, 2010 yielded a 37 percent increase in new customers and a 58 percent increase in new employees compared to the previous year. The company’s global channel partner programme also delivered millions of pounds in sales, fuelled by the addition of 15 new strategic partners worldwide.
Buoyed by significant new wins across both North America and Asia Pacific, Datanomic saw continued growth in its core target markets of Financial Services, Retail, and Telecommunications across both of its solutions areas: Risk & Compliance Screening and Data Management Applications. Growth in these markets was fuelled by increased regulation, together with a drive towards the efficiencies gained from a single and holistic view of fit-for-purpose data.
“Our continued success in 2010 reflects the focus and commitment to our strategic objectives as a company,” said Dr Jonathan Pell, CEO of Datanomic. “We have achieved our fifth consecutive year of significant growth by doing what we do best – empowering our customers to mitigate business risk, ensure regulatory compliance, improve operational efficiency and enhance effectiveness, all by better leveraging their enterprise data. We have continued to prosper, expand and recruit even in the midst of a global economic recession. Our rapid growth resulted in a new larger headquarters for our European operations in Cambridge, UK, the incorporation of our first overseas subsidiary, Datanomic Inc in the USA, and the expansion of sales operations into the fast-growing Asia Pacific market. We’ve also invested significantly in R&D of our products and solutions, generating third party recognition of our success such as our high placing in ‘The Sunday Times Microsoft Tech Track 100’ and the ‘Deloitte Technology Fast 500 EMEA 2010’. We will continue to focus on our core business in 2011 and execute against our international expansion plans.”
Global demand for the company’s flagship dn:Director enterprise portfolio also solidified Datanomic’s place in the “Visionaries” quadrant of Gartner’s Magic Quadrant for Data Quality Tools 2010. With significant new solutions released in 2010 around Transaction Screening, Denied Party Screening, and Supply Chain, eCommerce and HR data management, Datanomic has continued to expand its award-winning and innovative suite of enterprise solutions.
Datanomic’s flagship enterprise Compliance Screening and Data Management software, dn:Director, helps organizations to improve compliance performance, better manage business risk, save money, streamline business processes and seize more opportunities, by identifying and eradicating problems in customer, financial and product data. Headquartered in Cambridge, UK, with offices in New York, USA, and Singapore, Datanomic was founded in 2001 and is backed by DN Capital. www.datanomic.com
For further information, please contact:
Devonshire Marketing (PR for Datanomic)
Tel: + 44 (0)870 242 7469
This press release was distributed by ResponseSource Press Release Wire on behalf of Devonshire Marketing in the following categories: Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.