InferX Corporation Licenses Big Data Predictive Analytics Technology to Funding Profiles; Joint Marketing and Integration Agreement Signed
TYSONS CORNER, Va., July 22, 2013 /PRNewswire/ -- InferX Corporation (OTC/PK: NFRX) and Funding Profiles, Inc. jointly announced a licensing and business development agreement that integrates InferX's proprietary predictive analytic technology and Funding Profiles' upcoming Big Data product. Funding Profiles provides powerful analytic and financial visualization tools, primarily targeting financial planning and analysis staff in Fortune 1000 organizations, enabling companies to assess how well a client's strategic plans relate to the client's revenue segments, global costs, product segmentation, market sectors, target global markets, technology stratification, and other factors.
Coupling InferX's predictive analytics technology with Funding Profiles analytics will provide clients with exciting new capabilities, such as examining risk metrics in areas including markets, technology, sales pipeline management, accounting and econometric factors, supply chain, political, social, regulatory, and other specialized risk factors based on individual client profiles and needs.
The initial new jointly marketed product that will integrate potential risk data from both traditional structured data and unstructured data sources with Funding Profiles' analytic and financial visualization tools will be offered as the Funding Profiles' Autosense analytics product.
The product will also be the first "Powered by InferX" analytics solution offered. Under the terms of the licensing and business development agreement, InferX and Funding Profiles will jointly market analytic solutions for clients integrating analytic capabilities as appropriate to help clients maximize performance and minimize risk.
"Enhancing Funding Profiles' analytics products with InferX's proprietary predictive analytics capabilities present a compelling solution for corporate finance groups," said Paul B. Silverman, InferX CEO and President. "Both companies have a common mission- offer business-needs driven, rather than technology-driven, analytic solutions- which I believe is a winning formula in today's big data-driven, hypercompetitive global markets," said Silverman.
InferX and Funding Profiles will jointly target new opportunities in the financial, healthcare and government sectors with joint marketing efforts addressed to potential clients starting in early August.
"We look forward to working with the InferX team to further enhance our product line using InferX's powerful suite of predictive analytics solutions," said Madison Laird, Funding Profiles' Chairman and CEO." Big Data analytics can benefit a company most when applied to finance and strategy, ironically there is a lack of solutions tailored specifically for that purpose. This product addresses that gap," said Laird.
About Funding Profiles
Funding Profiles makes solutions for finance departments that want to contribute to an enterprise's strategy beyond just numbers. Funding Profiles solutions integrate with existing business applications and data sources to continuously translate traditional financial metrics into the language of business strategy. Using solutions from Funding Profiles, finance teams can express plans, targets, actuals, forecasts, or scenarios in strategic perspectives any business leader can appreciate. Funding Profiles is based in Sunnyvale, California, and has locations in Seattle, Philadelphia, and Washington D.C. For more information, visit the Company's website www.fundingprofiles.com.
About InferX Corporation
InferX is a market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. The Company has two patents issued for its real time, distributed predictive analytics and business intelligence system. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support — all without the need to move data. InferX is headquartered in Tysons Corner, VA. For more information, visit the InferX website www.inferx.com
Certain statements above, in press releases and NFRX officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. See InferX's 10-K for 12/31/11 for a discussion of those risks. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. NFRX has no specific intention to update these statements.
SOURCE InferX Corporation
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CONTACT: InferX Corporation
Stuart T. Smith