Noetix Declares 2012 an Incredible Year of Record Financial Achievements

REDMOND, Wash. – March 18, 2013 –

Fiscal Year 2012 Highlights:

• Increased revenue by nearly 20 percent over 2011.
• Increased average deal size by 58 percent.
• Added record number of new Noetix Analytics customers.

Noetix Corp., a world-class provider of business intelligence (BI) software and services for enterprise applications, today announced that it closed fiscal year 2012 with record annual revenue from its line of enterprise BI products and for professional services, yielding an increase of nearly 20 percent in total growth over the previous year.

"At Noetix we build great products, deliver successful implementations, and offer unmatched levels of support," said Noetix CEO Morris Beton. "We stand behind our products and solutions more than any company I've been familiar with and these tenets have propelled our success."

The company continues to gain traction with Noetix® Analytics (introduced at the end of 2009), a solution that accounted for 43 percent of the revenue from new customers and contributed to a 58 percent increase in the average deal size over 2011. The number of new Noetix Analytics customers more than doubled in 2012, and included Exterran Holdings, Fidelity Investments, TaylorMade Golf Company, and Xerox Corporation.

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Customer Adoption
Customers from a mix of vertical markets continue to turn to Noetix for operational reporting solutions. New customers in 2012 included: Alliance Resource Partners, L.P., Knaack LLC, Paramount Farming Company, Qualcomm Incorporated, Railinc Corporation, SemGroup Corporation, South Mississippi Electric Power Association, and United States Steel Corporation.

Qualcomm, a leader in next-generation wireless technologies, leveraged Noetix during a major upgrade to Oracle® E-Business Suite Release 12 (R12) to help translate the data access complexities of R12 into familiar, easy-to-use business views. "Noetix has been around a long time and their method of generating views and leveraging configurations that are made within Oracle EBS is very unique – I haven't found anything, any other tool that does it the way they do," said Patrick Bonahoom, IT Architect, Corporate Accounting Systems at Qualcomm. "The bottom line is that it helps us provide a better, easier way of reporting and managing content."

Innovation
Noetix Engineering delivered product innovations throughout the year, providing Oracle E-Business Suite customers with comprehensive operational and analytic reporting solutions that incorporate data from a variety of sources, speeding the deployment of their corporate initiatives.

During the second half of the year, the company introduced NoetixViews® 6.2 for Oracle E-Business Suite, which includes new and enhanced views and pre-built reports for Oracle EBS, enabling better financial control for greater enterprise insight.

NoetixViews Workbench, a highly anticipated product that empowers users to customize and extend NoetixViews to meet reporting needs that are not met out-of-the-box, won two industry awards following its introduction in April 2012. KMWorld named Workbench a "Trend-Setting Product for 2012" and the Best in Biz Awards presented Noetix with a Bronze award for its Best New Product of the Year category.

New Noetix products and version releases introduced during 2012 include content and technology enhancements that add value and reduce the cost of ownership. These included Noetix Analytics 5.2 for Oracle E-Business Suite, Noetix® Generator for Microsoft® Business Intelligence, Noetix® Generator 3.5 for Oracle® BI, Noetix® Generator 3.4 for IBM® Cognos® BI, Noetix® Generator 3.2 for SAP® BusinessObjects™, and Noetix® Search 1.4.3.

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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.

Contact:
Rebecca Haas
Revolution Public Relations
(503) 206-7635
rebecca@revolutionpr.com