Nuix Celebrates Another Year of Profitability and Record Growth

Ongoing investment in research and new product development

Mar 01, 2016, 10:00 ET from Nuix

HERNDON, Va., March 1, 2016 /PRNewswire-USNewswire/ -- In 2016 global technology company Nuix will celebrate ten years of commercial availability of its products, eight years of profitability, and five straight years of more than 60% annual compound growth. This year the company expects greater demand for technologies based on the Nuix Engine, with a range of new solutions including the Nuix Insight line of security and intelligence products.

"We're one of a very small group of companies—especially in the technology industry—to have funded its own growth from profits," said Eddie Sheehy, CEO of Nuix. "Each year our customers come back for more—around 95% of our income is recurring and the average order for a repeat customer is 30% larger than the previous year."

Nuix has more than 1,500 customers in over 60 countries, including many of the world's leading financial institutions, corporations and government departments; all major global regulatory agencies; leading security and law enforcement agencies; and all tier-one advisory firms and litigation support vendors.

The patented Nuix Engine underlies the majority of Nuix's products and the vast proportion of its sales.

"We constantly listen to our customers to find new ways we can apply the power of the Nuix Engine for different uses," said Sheehy. "There seems to be no end of innovative, analytical ways of working with data."

Nuix continues to develop and support existing products and markets, as well as expanding to complementary areas of business. In 2016, the company will see the fruition of multi-year investments in research, product development, and recruitment of security and intelligence experts.

The Nuix Insight product range will provide an integrated approach for threat prevention, detection, investigation, response, and remediation. The technologies are purposely designed to offer the most intuitive security product set on the market, while also providing superior breadth and depth of visibility into human and enterprise data—whether in motion, in execution, or at rest.

"Nuix solves important problems for society as a whole," said Sheehy. "This motivates our employees to do everything they can to serve customers' needs; our customers and partners know it too, and they share our mission to protect and enable the world we live in."

To learn more about Nuix's history and vision, visit www.nuix.com/know.

About Nuix
Nuix (www.nuix.com) protects, informs, and empowers society in the knowledge age. Leading organizations around the world turn to Nuix when they need fast, accurate answers for investigation, cybersecurity incident response, insider threats, litigation, regulation, privacy, risk management, and other essential challenges.

Nuix North America
13755 Sunrise Valley Drive
Suite 200
Herndon, Virginia 20171

 

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