Noetix Closes 2011 With Record Revenue From Enterprise Reporting and Analytics Products and Services


REDMOND, Wash. ---- Noetix Corp., a world-class provider of business intelligence (BI) software and services for enterprise applications, today announced that it closed fiscal year 2011 with record annual revenue from its enterprise reporting and analytics product lines, as well as record professional services revenue along with 98 percent of customers renewing product support contracts.

Noetix® Analytics (introduced at the end of 2009) continues to be a shining star for the company, accounting for 35 percent of the revenue from new customers and contributing to a 39 percent increase in the average deal size over 2010.

“We are very pleased with our 2011 performance and are poised for a fantastic 2012,” said Noetix CEO Morris Beton. “BI is hard – it’s the most complex area of software that I’ve experienced in my career. The abyss between matching continuously changing user expectations with the ability of IT, software vendors, and consultants to deliver rapid-fire solutions has never been wider, and this gap continues to grow. At Noetix, our mission is to address this gap and simplify the business of business intelligence, enabling users at all levels to get the information they need to meet their operational and strategic objectives.”

Customer Adoption

Noetix added a significant list of new customers to its roster in 2011, bringing the company’s total number of customers to more than 1,500. A sampling of companies who chose Noetix to support their BI initiatives include the following: Enphase Energy, George Washington University, Laitram, Marvel, Meritor, Oxfam America, Panera Bread, Petrohawk, Sigma Designs, Stryker, TD Ameritrade, Telephonics, and Womack.

Oxfam America, an international relief and development organization that creates lasting solutions to poverty, hunger, and injustice, turned to Noetix after implementing Oracle® E-Business Suite Release 12 (R12) when they discovered they needed a transactional reporting solution beyond what Oracle offered out-of-the-box. “We needed a BI partner that would truly understand how to turn a large business intelligence initiative into a realistic, working implementation for our small shop. Noetix provides the best ad hoc, operational reporting solution for accessing Oracle E-Business Suite data, while enabling us to continue to leverage our investment in Oracle Business Intelligence Enterprise Edition (OBI EE),” said Tina Winkler, Oracle Systems Administrator at Oxfam America.


Noetix Engineering continued to deliver product innovations throughout the year, providing Oracle E-Business Suite customers with market-leading, end-to-end solutions that speed the deployment of their BI initiatives. The company introduced NoetixViews® for Oracle E-Business Suite version 6.1, which includes new views and key performance, security, and administration enhancements for faster, easier operational reporting.

Another product highlight was Noetix Analytics for Oracle Financial Statement Generator (FSG), a packaged data mart including extract, transform, and load (ETL) routines and a set of report templates that reproduces existing Oracle FSG reports in the customer’s BI platform.

Industry Recognition

Noetix received industry recognition and awards throughout 2011 from the media and industry analysts. Noetix Analytics was chosen as a finalist for the prestigious Stevie 2011 American Business Awards in the category for New Computer Software Product or Service of the Year (for companies with up to 2,500 employees).

KMWorld magazine inducted Noetix into its Hall of Fame – a designation bestowed upon companies representing the best and most frequent additions to the forward momentum of technology innovations in the industry. Earlier in the year, KMWorld named NoetixViews 6.0 for Oracle E-Business Suite a “Trend-Setting Product” for 2011, the sixth consecutive year that Noetix has made the list.

Noetix was selected for King County’s annual list of “Best Workplaces for Recycling and Waste Reduction” for the third consecutive year, and was included in the annual “100 Best Companies to Work For” listing by Seattle Business magazine for the fifth consecutive year.

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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.

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