Innovations Softwaretechnologie on a Growth Curve

Company closed its fiscal year with the highest revenue ever in its history. Finance industry and trading companies are the biggest sources of revenue.

Immenstaad, (PresseBox) - Innovations Softwaretechnologie GmbH of Immenstaad/Germany closed its fiscal year 2007/2008 ending on 31 March 2008 with its highest revenue figures ever, reaching 11.2 million euros. With that, the company once again validated the continuous growth it has enjoyed since it was founded 11 years ago. Its 110 employees serve an international clientele and have made an indispensable contribution to the company’s 20% increase in revenue. The number of employees has grown by 23%. Innovations serves primarily banks and insurance companies in Germany, Switzerland and Liechtenstein, with its products, solutions, and services. By establishing a subsidiary in Chicago in 2007, Innovations is now represented in Canada, the US and Latin America.

Forrester, a US market research company, recently placed Innovations Software Technology among the three leading providers of Business Rules Management Systems worldwide. Innovations’ Visual Rules product was a decisive element in that evaluation and was named as one of the leaders in the category "Business Rules Platforms for Java Developers".

Visual Rules is a key component in the Innovations Finance solutions deployed by banks and insurance companies in a variety of areas: preventing money laundering and terrorism financing, monitoring employee trading, and evaluating credit risks according to Basel II.

Innovations supplies complete customer management systems for private banks, supporting relationship managers and management in providing individualized consulting and ensuring that uniform standards are met throughout the firm.

Innovations’ solutions are at work at such finance companies as Volkswagen Bank, DVB Bank, Bank Vontobel and insurance providers such as the Swiss Life Group.

Innovations’ technology sector has proven itself another pillar of growth, showing impressive increases in its share of revenue. Software architects at Innovations are developing dynamic IT infrastructures for companies that enable them to respond rapidly to changing markets, including leading trading firms like REWE and companies in the health care industry.

Innovations has outstanding prospects for the next fiscal year as well, with plans for 25% growth in revenue. New customers have been added to its roster, longstanding customers have already placed new orders. Thomas Cotic, founding member and CEO of Innovations Softwaretechnologie, explains, “Our business model rests on three pillars: products, solutions, and service. This gives us stable revenue distribution. We will continue to pursue aggressively our expansion and strengthen our presence in international financial centers. This will also enhance our image as an attractive employer and our ability to recruit top talent around the world.”

Bosch Software Innovations GmbH

Innovations Software Technology is a development partner for relationship management systems and risk and compliance solutions. The company was founded in 1997. Its customers include companies such as Bank Vontobel, Zürcher Kantonalbank, LGT Bank in Liechtenstein, Schweizerische Post - Post Finance, the Swiss Life Group, Volkswagen Bank and Rand Merchant Bank. Innovations is one of the leading providers of anti-money laundering solutions in Switzerland and Liechtenstein with its MLDS system.

Since September 2008 Innovations Software Technology belongs to the Bosch Group, an international leading technology and service provider.

www.innovations-software.com

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.


I want to subscribe to the gratis press mail and have read and accepted the conditions.