NATHEAN INVESTS MORE THAN €1M IN BUSINESS INTELLIGENCE R&D

Published 18th September 2009

o Major new three year R&D programme commences
o Investment aims to make Logix Professional ‘the world’s easiest to use business intelligence tool’
o Recent hiring of three new developers brings total employment to 20 people.
o Revenues projected to grow by more than 50% in 2009

Dublin, Ireland, 18th September, 2009. Nathean Technologies Ltd., a fast growing Irish business intelligence (BI) software developer, today announces an investment of more than €1m to expand its Dublin based software operations. The investment is supported by Enterprise Ireland and the other Nathean shareholders. Already three new developers have been hired, with more expected over the course of the three year programme.

The investment underscores Nathean’s vision of turning its Logix Professional software into ‘the world’s easiest to use business intelligence tool’.

The new research and development programme will deliver streamlined integration with business systems including procurement, payroll, revenue, billing and customer relationship management. By investing in R&D, Nathean will build on the strong return on investment currently experienced by Logix Professional customers.

Nathean Technologies was founded in 2001 and currently employs 20 people in Ireland, with presences in Poland and the United States. Despite the challenging economic climate, Nathean expects to grow revenues by more than 50% this year.

Logix Professional is successfully deployed on Salesforce.com, Core, Agresso, SAP Business One and Oracle Utilities Customer Care & Billing software in local and central government bodies, utilities, financial services, retail multiples and construction companies.

Barry Moylan, Nathean’s director of business development said:
“Our blueprint for competing successfully in international markets requires continual investment in disruptive innovation, best-of-breed metrics and drag-and-drop usability. Our technology delivers a competitive advantage because of its ability to speed up the decision-making process. It does this by making it simple for business users to ask their own questions of diverse data sources and get immediate answers back.

“We are positioned distinctly from traditional ‘Big BI’ players who often require months working with teams of analysts and consultants to deliver completed projects. In contrast, our technology delivers day-one-value by helping customers eliminate cost and inefficiencies, understand risks, and critically navigate through today’s economic landscape.

“Businesses will no longer accept a multi-year return on investment. Our innovative approach empowers the decision maker to easily extract and manipulate data personally without technical support. The result leads to radically shorter decision timeframes, greater insight and a payback period of days and weeks, not years.”

Jennifer Condon, Head of Software with Enterprise Ireland said:
“Nathean Technologies is a fast-growing software company. Like many of Ireland’s technologically advanced companies, the majority of Nathean’s future growth will come from exporting. With its strong technology offering and key selling points of usability and customer service, Nathean has the opportunity to become a leading niche supplier of business intelligence tools. This significant investment, supported by Enterprise Ireland, is aimed at helping Nathean address additional export markets by enhancing its competitive advantage and developing its capabilities.”

Nathean sells direct and through an international network of partners.

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ABOUT NATHEAN TECHNOLOGIES LTD.

Nathean Technologies is an innovative software company focused on developing ‘the world’s easiest to use business intelligence software’. Founded in 2001 and headquartered in Dublin, Ireland, Nathean currently employs 20 people and has presences in Poland and the United States. Customers include local and central government bodies, utilities, financial services, retail multiples and construction companies. Logix Professional is used every day by customers to radically improve time to decision, eliminate costs and delays, reduce reliance on spreadsheets and increase return on investment from data. For more on Logix Professional and Nathean Technologies, visit www.nathean.com.


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