Nomis Solutions Posts 25% Revenue Growth for Q3 2009
New customer wins in Canada drive continued success, company recruiting for top talent in retail banking
SAN BRUNO, CA. October 15th, 2009 —Nomis Solutions, the leading provider of Pricing and Profitability Management solutions for financial services companies, today announced a profitable third quarter 2009. While the banking market in the US is still struggling to regain its footing, the Company is seeing continued traction in the adoption of its pricing and profitability management solutions internationally and has accelerated its hiring. In the third quarter of 2009 ending September 30, Nomis Solutions:
- delivered a profit margin of 38%
- posted over 25% revenue growth compared to the third quarter of 2008
- signed up the fourth of the top five Canadian banks as a customer
- signed up its first mortgage customer to optimize the retention process
- signed up its first credit card customer in North America to optimize pricing
- kicked off the first deployment of the Nomis Score™, the suitability score that helps lenders optimize offers one customer at a time
"I am very pleased with our performance this last quarter especially in the Canadian market," said Frank Rohde, CEO of Nomis Solutions. "We are now working with four of the top five Canadian banks and our customers are generating very healthy profitability improvements through the use of our software and analytics. We are also thrilled to announce our first customer for our Mortgage Retention solution which enables mortgage lenders to optimize customer contact and re-pricing upon maturity and rate resets. Our proprietary market schema driven by customer motivations and offer suitability for the first time gives mortgage lenders the ability to manage the retention process by scientifically balancing margin, balance at risk, and default through the use of price and contact strategy."
"As we continue to build our team based on the traction we’re seeing in our markets, we are now looking to hire top performers in sales, analytic R&D, and project management."
More information about current job opportunities with Nomis Solutions can be found at www.nomissolutions.com
About Nomis Solutions
Nomis Solutions enables best-in-class Pricing and Profitability Management for financial services companies. Through a combination of advanced analytics, innovative technology, and tailored business processes, the Pricing and Profitability Management™ Suite delivers quick time-to-benefit, and improves financial and operational performance throughout the customer acquisition and portfolio management processes.
The Pricing and Profitability Management™ Suite of business solutions includes the award-winning Nomis Price Optimizer™, the Nomis Offer Optimizer™, the Nomis Mortgage Portfolio Optimizer™ Suite™, and the Nomis Navigator™. These solutions are designed to meet the specific requirements of auto finance, home equity lending, personal lending, mortgage, and deposits executives. Select customers include Abbey (part of the Santander Group), AmeriCredit, Bank of Montreal, Chase/WaMu, Chrysler Financial, HBOS plc (part of the Lloyds Banking Group), Nationwide Building Society, Royal Bank of Canada, Skipton Building Society and Yorkshire Building Society. Headquartered in San Bruno, CA, Nomis Solutions also has offices in London, United Kingdom. Visit www.nomissolutions.com or contact us at info@nomissolutions.com or 1-650-588-9800 or +44 0207 812 7251.
