Company experiences 300% annual revenue growth with innovative transaction monitoring product
Vancouver, Canada, February 3, 2011 – INETCO® Systems Limited, a leading expert in business transaction management for the payment processing and banking industries, today announced that they have been named to the Rocket Builders’ “Ready to Rocket” list. This annual list names the top 25 privately held BC companies that have demonstrated outstanding revenue growth and technology thought leadership.
“We identify companies that both information technology buyers and venture capitalists will value. Our analysis of market trends led to our selection of INETCO as a Ready to Rocket ICT (Information and Communications Technology) company,” said Dave Thomas, Senior Partner, Rocket Builders.
Growth in INETCO Insight® sales over the past year is due to the software’s proven ability to help payment processors, card network providers, ATM network owners, merchant acquirers and banking institutions manage their payment environments more efficiently.
INETCO Insight is unique in its ability to gather network performance data, application payload intelligence and detailed transaction response and completion times. Customers can correlate and display an entire transaction path, across multiple hops and third party environments, without having to deploy intrusive agents. The real-time alerts and historical reporting intelligence collected by INETCO Insight includes valuable metrics on network, application, and transaction level performance that help companies speed up the isolation of issues affecting transaction performance and guarantee customer service reliability across all their payment channels and service offerings
“Payment processors are dealing with pressures and pending regulations that are driving them to consolidate their technology assets and operate as streamlined as possible,” says Bijan Sanii, President and CEO of INETCO. “This is tough to do when you also need to manage emerging payment channels and alternative payment applications such as mobile. INETCO Insight is a cost sensitive, easy to deploy solution that gives our customers the power to holistically monitor their entire payment systems and proactively manage a whole new set of complex performance challenges without blowing their strained IT budgets. “
In addition to North America and Australasia, INETCO is set to expand its sales and channel partner reach into Europe and South America. The Company will focus thought leadership in areas such as alternative payments, business transaction management, and emerging protocols such as the Advanced Message Queuing Protocol (AMQP) and ISO 20022. INETCO is also working on the integration of INETCO Insight within other ATM- and switch- monitoring solutions.
About INETCO
INETCO® Systems Limited offers business transaction management software, professional services, and communications gateway solutions for payment processors, banks and credit unions, merchant acquirers, ATM owners, and card network providers. The Company’s flagship product, INETCO Insight®, has become the de facto standard in transaction monitoring for IT and business leaders that need to anticipate issues affecting the completion of critical transactions and efficiently manage complex, ever-changing payment environments. Customers include global leaders such as First Data, Moneris, Fidelity National Information Services, Open Solutions, TNS, Jack Henry & Associates, and Travelex. INETCO is based in Vancouver, British Columbia. For more information, visit: https://www.inetco.com
About Ready to Rocket
Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for revenue growth. Each year, based on analysis of trends that will drive growth in the information technology sector, Rocket Builders identifies twenty-five (25) private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with “Ready to Rocket” companies exceeding the industry growth rate. Also, many of these companies raise investment capital and each year many of the profiled “Ready to Rocket” companies are acquired. For more information, visit http://www.readytorocket.com .