90. FUSIONEX INTERNATIONAL
Organisations of all kinds are waking up to the value of the vast amount of information generated by computers and social media. The likes of Ford, Shell and Air France have turned to Fusionex International (FXI), which develops easy-to-use software that enables them to capture, analyse and garner insight from all kinds of data.
The Malaysia-based group has shifted from a licensing-and-maintenance model to multi-year subscriptions, sacrificing some short-term sales growth in favour of improved revenue visibility and lower upfront costs for customers. Robust demand in the core Asia Pacific region last year fuelled a 15 per cent increase in adjusted cash profits to about RM26m (£4.8m).
Fusionex has already inked 21 contracts for its flagship ‘big data’ offering, GIANT, since launching it in early 2014; it aims to reach 90 by end-September 2016. Its rapid adoption reflects platform improvements and partnerships with half-a-dozen leading US vendors, including Microsoft-owned Revolution Analytics.