ATLANTA, Sept. 9, 2005 (PRIMEZONE) -- In a joint release today, Inmatrix and iLumen, Inc. announced a strategic relationship to design an integration of iLumen's Private Company Financial Network with Inmatrix's suite of credit risk and relationship management solutions.
With over seven million private companies in the United States alone, there is a significant demand for solutions that deliver insight into the financial performance of the private sector. Financial institutions, accounting firms and corporations would benefit from the real-time, electronic flow of standardized financial statement data through the iLumen Financial Information Network that could be used with Inmatrix's comprehensive suite of credit risk and relationship management solutions.
"Inmatrix specializes in developing management software products that provide valuable financial analysis, diagnostic and communication tools for banks, accountants and corporations," said Robert H. Woosley, Chief Executive Officer of iLumen. "As a leading international technology provider with a shared focus on private company financial information, Inmatrix was a natural fit for iLumen's expanding Financial Information Network."
"Partnering with iLumen to provide a flow of clean, repeatable data from their Financial Information Network into the Inmatrix suite of solutions represents a powerful offering to our customers," said David Allen, Chief Executive Officer of Inmatrix. "By providing an automatic, standardized feed of data, iLumen will help us ensure the financial information going into our risk management and scenario modeling tools is as accurate as possible so our customers can realize the greatest benefit."
About iLumen
iLumen, Inc. is a financial information technology company that delivers and manages private company data gathering and analysis solutions designed to solve critical problems in risk management, financial compliance and financial oversight within the banking, accounting and corporate environments. iLumen's services are based on a proprietary (patent pending) data warehousing engine known as iMonitor(r) that automates and standardizes the gathering, mapping, analysis and benchmarking of electronic accounting data from private companies.
About Inmatrix
Inmatrix is an innovative company that specializes in developing unique and powerful management software products that provide financial analysis, diagnostic and communication tools for banks, accountants and businesses. Inmatrix was founded in Melbourne, Australia in 1999, and has enjoyed rapid global growth with offices in the United States (Chicago) and Canada. To learn more about Inmatrix, visit www.inmatrix.com.au or call 1-800-685-1773.
For more information visit www.ilumen.com or call 404-446-1600. iLumen(tm) and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.