Pneuron Corporation (http://www.pneuron.com),
innovator of the Pneuron Distributed Platform™ and pioneer in the
Distributed Solutions category, recaps its strategic, commercial and
financial progress during 2013.
Pneuron's Chief Executive Officer, Simon Moss, attributes Pneuron's
continued success in the enterprise data market and tripling of revenue
to "Rapid growth in first production clients in Financial Services and
Insurance, further expansion into the Healthcare sector and strong
collaboration through multiple new partnerships."
Pneuron's preview of its Distributed Platform™ - featuring patented
technologies that surpass all design objectives and industry
expectations - has paved the way for a profitable 2014. According to
Moss, "Pneuron will continue its leadership position in the emerging
category of Distributed Solutions, tailored for businesses that require
solutions exhibiting fast time to value, significantly lowered TCO, and
high levels of agility - all of which have been burdened by traditional
systems and data integration and deployment approaches."
A snapshot of Pneuron's 2013 technology achievements, strategic
initiatives and milestones are as follows:
Financially, Pneuron balanced its growth in a year in which delivery and
validation was most important. The Series B investment from Safeguard
Scientifics and Osage Partners in March 2013 continues to be used in
technology deployment, solidifying strong resources, and market
engagement. As a result, revenue accelerated over 150 percent from 2012,
EBITDA exceeded plan by 50 percent, and contributed close to the same
revenue to 2014 than the whole of 2013. Heather Moran, Pneuron Chief
Financial Officer stated, "The efficiency of every dollar invested in
Pneuron is something of which we are particularly proud. Team
productivity, work ethic, and effective cash management yields financial
results that are well ahead of plan on our bottom line, and sets a
strong foundation for accelerated growth in 2014 and beyond."
In 2014, Pneuron will continue to drive market recognition and
acceleration with the company's multiple new clients in Financial
Services, Insurance, and Healthcare. Tom Fountain, Pneuron's Chief
Technology Officer plans to "Ramp up awareness of this new Distributed
Solutions category." Fountain is focused on continuing a healthy debate
to address the huge institutionalized cost and risk inefficiencies found
in traditional solution paradigms and reinforce Pneuron's proven ability
to cut those inefficiencies by more than half.
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:www.pneuron.com,https://twitter.com/Pneuron_Corphttp://www.linkedin.com/company/pneuron-corporation
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