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TMCNet:  Pneuron Leadership Team Cites Significant 2013 Milestones

[January 07, 2014]

Pneuron Leadership Team Cites Significant 2013 Milestones

WOBURN, Mass. --(Business Wire)--

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 (News - Alert), 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:

  • A global insurance firm drove Pneuron into production, improving their claims risk analysis from a multiple day process to minutes,
  • A leading financial institution leveraged Pneuron to "wrap" and execute a legacy derivatives calculation application, transforming processing time from over three hours to less than 10 minutes without any change or rewrite of the original application,
  • A top advisory firm has implemented Pneuron's distributed regulatory solutions; including FATCA, Dodd Frank Insolvency, and Form PF, in days rather than months, enabling their clients to realize regulatory transparency at a fraction of the original budget,
  • Multiple converions, mergers and acquisitions, and business transformation timelines are being compressed from years to months using Pneuron's Distributed Platform,
  • A new Anti-Money Laundering partnership will soon be announced. Pneuron has cut the cost and time of AML and Fraud investigations by over 50 percent and at the same time increased depth and speed of interdiction.


"2013 was a momentous year for Pneuron in product adoption, continued innovation and organizational maturity," said Elizabeth Elkins, Pneuron's Chief Operating Officer. "Our unique distributed technology has gained traction in production utilization on a global level, bringing significant new insights, processing capabilities and cost savings to our client base. As we've grown with our clients and partners, we are collectively seeing business and IT groups challenge the established, entrenched opinions and approaches of centralized technologies, and they are looking toward Pneuron to help incorporate more productive and sustainable distributed solutions into their technology roadmaps. This critical shift in enterprise planning positions Pneuron for increased growth and profitability in the year ahead."

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.

About Pneuron

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_Corp
http://www.linkedin.com/company/pneuron-corporation


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