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Anita Bunk
Head of Communications

Innovations Softwaretechnologie on a Growth Curve

Immenstaad, Chicago, 07/23/2008 -

Innovations Softwaretechnologie GmbH of Immenstaad closed its fiscal year 2007/2008 ending on 31 March 2008 with its highest revenue figures ever, reaching 11.2 million euros. With that, the company once again validated the continuous growth it has enjoyed since it was founded 11 years ago. Its 110 employees serve an international clientele and have made an indispensable contribution to the company’s 20% increase in revenue. The number of employees has grown by 23%. Innovations serves primarily banks and insurance companies in Germany and Switzerland, with its products, solutions, and services. By establishing a subsidiary in Chicago in 2007, Innovations is now represented in Canada, the US and Latin America.

Forrester, a US market research company, recently placed Innovations Software Technology among the three leading providers of Business Rules Management Systems worldwide. Innovations’ Visual Rules product was a decisive element in that evaluation and was named as one of the leaders in the category "Business Rules Platforms for Java Developers".

Visual Rules is a key component in the Innovations Finance solutions deployed by banks and insurance companies in a variety of areas: preventing money laundering and terrorism financing, monitoring employee trading, and evaluating credit risks according to Basel II.

Innovations supplies complete customer management systems for private banks, supporting relationship managers and management in providing individualized consulting and ensuring that uniform standards are met throughout the firm.

Innovations’ solutions are at work at such finance companies as Volkswagen Bank, DVB Bank, Bank Vontobel and insurance providers such as the Swiss Life Group.

Innovations’ technology sector has proven itself another pillar of growth, showing impressive increases in its share of revenue. Software architects at Innovations are developing dynamic IT infrastructures for companies that enable them to respond rapidly to changing markets, including leading trading firms like REWE and companies in the health care industry.

Innovations has outstanding prospects for the next fiscal year as well, with plans for 25% growth in revenue. New customers have been added to its roster, longstanding customers have already placed new orders.