Radianz, the provider of financial connectivity services, says both the total number of services distributed to its customers and the average number of services received by each customer, have seen sharp year-over-year increases.
The total number of services received by Radianz customers over the company’s shared infrastructure increased by 39% from June 30, 2003 to 27,060 as of June 30, 2004. Additionally, the average number of services received by each customer increased by almost 20% to just under three per customer over the same period, with several clients each receiving between 40 and 50 Provider services over the Radianz infrastructure.
Brennan Carley, Radianz Chief Product and Technology Officer, said the data showed that the Radianz shared infrastructure model was gaining significant traction in the financial industry. “We are now routinely delivering multiple Provider applications and services to many of our customers over our industry-standard platform,” Carley said. “In fact, roughly two out of three of our sales so far this year have involved adding additional services to the existing infrastructure at our customer locations. Our customers definitely see the benefits of shared infrastructure – lower costs, less complexity, and faster access to new services.”
As of mid-year 2004, Radianz was distributing services from 130 providers to some 10,000 customer sites over its shared infrastructure platform, according to data compiled by the company.