VALHALLA, N.Y., Feb. 8, 2012 (GLOBE NEWSWIRE) -- Rev2, a rapidly growing Business Risk Analytics™ provider focused on delivering solutions that improve business performance, today announced its financial results for Fiscal-Year 2011. Rev2, which began shipping its RiskView® framework and visualization application in September 2008, is a privately held corporation.
The Company is reporting Net Income in the black for the second consecutive year. According to Steve Olyha, Rev2's Chief Executive Officer, the Company plans to continue to aggressively reinvest these profits in its growth, particularly in the area of hiring.
Total Income and Gross Profit were both strong for the third consecutive year. Olyha attributed these results to new customers as well as new use cases for service providers and enterprises in the Company's core Financial Services and Manufacturing sectors.
"We are in the midst of a period of accelerated adoption by some of the world's leading cable telecommunications service providers, thanks to RiskView's success rate in identifying risks to customer experience in the service delivery infrastructure," said Olyha. "On the enterprise side, we continue to grow as a result of RiskView's proven ability to identify and prioritize previously unrecognized threats to business performance."
"In 2011, we finalized key strategic partner relationships which will strengthen our market presence going forward," continued Olyha. "In 2012, we will leverage this momentum as we continue to listen to our customers, perfect our RiskView use cases, and roll out new modules."
About Rev2
Rev2 is a rapidly growing Business Risk Analytics™ provider focused on delivering solutions that improve business performance. Our RiskView® Risk Concentration Analysis™ framework offers the ability to identify, compare and quantify vulnerabilities across the entire enterprise before they impact business performance. RiskView identifies the materiality of risks according to their potential impact on business performance, helping our customers to prioritize and schedule business process improvement, problem resolution, and overall spending. RiskView outcomes typically include: Reduced organizational risk profile; Reduced OpEx; Improved customer experience; and competitive advantage.
Contact us today for a Proof of Concept tailored to your business: 400 Columbus Ave., Suite 240E, Valhalla, N.Y. 10595, 914.614.8600. http://rev2.com, info@rev2.com.
Copyright ©2012 Rev2. All rights reserved. The RiskView® solution is a registered trademark of Rev2. The Rev2 Business Risk Analytics™ logo design and the Risk Concentration Analysis™ (RCA) methodology are trademarks of Rev2. All other trademarks in this document are the properties of their respective owners.
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