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News

Demand for data quality solutions remained high during 2007.

Datanomic : 22 January, 2008  (Company News)
Sales of dn:Director remained at high levels last year with data management, protection and quality being high on CIO agendas.
Data quality specialists, Datanomic has announced a year of record growth and commercial momentum. Fuelled by demand for its award-winning data quality platform and solutions, Datanomic grew revenues by more than 300 percent over the past twelve months and secured more than 50 new customers in the Financial Services, Telecoms and Retail markets.

The company is continuing to expand its partner network, securing strategic partnerships that offer solutions for compliance, Risk Management and business critical applications. This has spearheaded Datanomic activities into new vertical markets as well as new countries.

"Our dn:Director platform and our associated data quality solutions have become the de-facto standard of choice for numerous blue chip organisations, and we continue to gain industry recognition from analysts, partners and press," said Dr Jonathan Pell, CEO of Datanomic Ltd. "Managing data quality is an ongoing challenge, and companies have woken up to the fact that they must treat their data as a strategic resource and a valuable asset, as well as complying with stringent 'Know Your Customer' legislation. Datanomic has become synonymous with first class data quality solutions for companies that are serious about protecting their data assets and managing risk. We look forward to another year of customer growth, commercial expansion and successful partnerships."

In response to customer demand, Datanomic created two new lines of business, focusing on Sanctions and PEP (Politically Exposed Person) Screening, and on Data Quality and Integration. The company's new strategic Client Screening Division was created to directly address the 'Know Your Customer' data challenges faced by customers on a daily basis. Following on from a recent partnership with leading global provider of structured risk intelligence, World-Check, the new screening practice was established to negate the business pain points and address the regulatory risks associated with data screening, and provides customers with an accurate and automated foundation for mitigating risk when screening client records. Likewise, Datanomic's new Data Quality and Integration Division enables customers and partners to minimize the risk of their data migration projects failing or overrunning due to data issues.

Datanomic's dn:Director continues to go from strength to strength and has been hailed by industry analysts as the world's most flexible data quality and integration software. The dn:Director platform is designed to understand, improve, protect and control the quality of information in decision support systems and applications, enabling effective new system implementations, master data management, regulatory compliance, CRM, ERP and business intelligence. The ease of use of the latest version, dn:Director 6.2, means that it can be rapidly implemented - from installation to mplementation in as little as 30 minutes.

In the wider market, the dn:Director platform has become the benchmark by which other vendors compare their own functionality. Demand for Datanomic's solutions has become so popular that rival companies have even resorted to branding themselves as Datanomic in an attempt to capture leads.

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