Nomis Solutions Posts over 90% Revenue Growth and Solid Profitability for 2009
Company ends 2009 profitably with six new customer wins, introduces Nomis Score™ to the market,
and solidifies leadership in price optimization for financial services.
SAN BRUNO, CA. January 18th, 2010 —Nomis Solutions the leading provider of Pricing and Profitability Management solutions for financial services companies, today announced solutions for financial services, today announced that its 2009 revenues increased by more than 90% compared to 2008. In addition to strong revenue growth, the company also posted its first full year profit in 2009. Continued adoption of price optimization technology by leading banks globally in both lending and deposits contributed to the strong results. In 2009, Nomis Solutions
- posted 94% revenue growth compared to 2008, and completed its first full-year of profitability
- signed up six new customers in Canada, the UK, and South Africa
- scored over 6MM consumers using its Nomis Score™, the suitability score that helps lenders tailor offers one customer at a time
- expanded the use of its core price optimization technology into mortgages and deposits
"2009 was a challenging year for many of our clients," said Frank Rohde, CEO of Nomis Solutions. "Despite the turmoil in global banking markets, we were able to solidly grow both top and bottom lines based on new investments by our clients in the second half of the year in preparation for a better 2010. This is a testament to the importance banks place on pricing optimization and analytics and the impact our technology can have in driving retail bank performance on both sides of the balance sheet."
"For 2010, we will continue our focus on working with our key account customers in implementing price optimization technology and leveraging pricing excellence to drive results as the global economy recovers. This also includes further leveraging the patent-pending Nomis Score™, which we introduced in 2009. The Nomis Score™, measures consumers' price sensitivity and allows lenders to better align product and pricing with consumer preferences at the point of sale and in direct marketing. As banks focus on margin management in an environment of increased regulatory scrutiny, ensuring "suitability" - that consumers are offered the right product and price, is becoming more important. The Nomis Score™, and our core optimization technology will enable banks to manage suitability more proactively."
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.
