Netik LLC, announced Tuesday record sales growth of its data reporting product, Netik InterView, with a more than 80% in the last 12 months.
2004- 2005 was a milestone year for Netik, signing up 10 new customers. Netik said in a news release that existing and new customers have helped drive some significant product enhancements during the year with releases of Netik InterView that included fund of hedge funds, performance explorer and Netik enterprise reporting.
Netik’s won customers in global asset management, prime brokerage, fund administration and operations outsourcing. Netik’s also said in a statement that its alliance with Advent Software has also proven to be a significant driver behind this growth where a third of the new business wins were in the areas of Prime Brokerage and Fund Administration and were associated with Netik’s ability to deliver robust real-time integration with Advent’s market leading Geneva accounting engine. The combination of Netik InterView and Geneva brings to market highly efficient workflow-governed Data Management, real-time accounting and flexible premium reporting.
Apart from solving the perennial problem of periodic high-quality client reporting, Netik InterView provides ready access to a powerful combination of portfolio accounting data, performance attribution and return data, as well as third-party benchmarks, economic data and risk analytics, in a manner that delivers strategic intelligence to an investment firm’s executive team. Netik InterView is designed to improve such users’ ability to understand what drives their business by allowing them to interactively analyze and explore information to discern trends and patterns, thereby deriving insights and allowing conclusions to be drawn.
John Wise, CEO of Netik said the last year has been an exhilarating ride for Netik and I am very pleased with our progress in all of the sectors into which we sell in the Investment Industry.”
“We will be maintaining this momentum as we head into 2005/06. We have a very strong order book and pipeline and I am looking for further quantum growth in the next twelve months. However, it is vital that we achieve this in a controlled manner and my number-one priority is to ensure our continued reputation for successful implementations on-time and on-budget leading to the decision to promote from with-in the company to ensure Netik’s proven methodologies and quality control are lead by senior professionals familiar with Netik’s style of conducting business”.