2007 saw Neural Technologies consolidate its position as one of the world's largest providers of risk management systems in terms of subscribers protected.
Indeed 2007 was a record year for sales and installations with the company winning an exceptional number of new contracts for its Minotaur™ Fraud and Risk Management Solution. The contracts are with both fixed and mobile telecommunication operators around the globe, and include counties such as Brazil, Haiti, Dominican Republic, Kazakhstan, Kuwait, Iraq, Jordan, New Zealand, USA, UK, South Africa, Poland, Morocco, India and Malaysia.
Luke Taylor, Nt's Commercial Director, said, "This is our most successful year to date and it's due entirely to the advanced and proven fraud and risk management capability of Minotaur™. The solution has gained a reputation within the industry for delivering low false positive rates and accurate fraud hit rates. Prospective customers have been able to verify the solution's capability for themselves through our existing customers, who have willingly and kindly acted as reference sites, and this has been crucial in winning business over our competitors".
Neural Technologies believes 2008 will show continuous increase in sales and profits, which will be further boosted by new strategic initiatives the company is undertaking to expand its products into complementary markets.
