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All Press Releases for October 16, 2002 Subscribe to this News Feed    
 

Bit Economics surpasses its $US1 Billion goal of money under 9dimensions management.

A leader in value management has reached and surpassed its goal of managing over US$1 billion in total portfolio value utilizing its 9dimensions methods and tools. The total portfolio size includes monies being managed in the consumer goods, utilities and financial services market segments.

San Francisco, CA - Bit Economics has surpassed its goal of having over $1 billion under management utilizing its 9dimensions Enterprise Portfolio Management solution. The total includes all portfolios in all clients that utilize our 9dimensions tools and methods as their enterprise portfolio management capability.

"This was our two year goal and happily we achieved it in less than a year," said Mohamad Boroumand, CEO and founder. "We have found that tracking the amount we manage and the value that we bring to our clients' bottom line are the most important pathways to our success, as opposed to software licenses we have sold."

Bit Economics has set its next milestone at $US5 billion under management.

About Bit Economics

Bit Economics is an upstream business solutions designer and an advisory services group whose primary focus is on value based management and the economics of information. We work with both IT and business organizations in managing and evaluating risk, managing initiative relationships, as well as returns analysis. Our clients to date have been multi-national corporations to venture firms and startups. We have worked in the following sectors: Healthcare, High Tech, Consumer Goods, Energy and Financial Institutions. Please visit us at www.BitEconomics.com or contact us at Information@BitEconomics.com.

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Jennifer White
Bit Economics
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