Press Release
iLumen And Inmatrix Announce Strategic Relationship
iLumen Private Company Financial Network To Integrate With
Inmatrix's Suite Of Credit Risk And Relationship Management Solutions
ATLANTA, GA, September 9, 2005
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® 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™ and iMonitor® are trademarks of
iLumen, Inc., all rights reserved.
For more information, media only:
Leeann Morris
Media Relations
iLumen, Inc.
404-446-1613
mediarelations@ilumen.com
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