AICC members Earnix, PLYmedia, and Vringo listed in Red Herring 100

Since 1996, technology industry executives, investors, and strategists have valued the Red Herring 100 lists as an instrument for discovering and advocating the most promising private ventures. The 2009 winners will be unveiled and featured at Red Herring 100 Europe 2009. 

Earnix was founded by insurance and banking executives who sought a practical solution to the limitations of traditional pricing methods used by financial services providers. Joining forces with experts in statistics, econometrics, and optimization technology, they formed Earnix to help insurers and banks improve performance through better customer segmentation, advanced demand analysis, and optimal pricing. Earnix joined AICC in 2008.

Vringo was founded in 2006 and lets users set their own visual or video ringtone and choose the video, avatar, slide show or picture they want their friends to see when they call. Users can choose content from a variety of sources to create their “Vringos”. Users can browse Vringo’s own large collection of premium content licensed from TV, video and music clips. Users can also import content from Vringo partner sites or from almost anywhere on the Web. Users can even create Vringos using their phone’s camera or pull pictures or video from existing social networks. Vringo is the next generation in mobile personalization. Vringo joined AICC in 2008 and participated in the Innovation Exchange for at&t and the Atlanta leg of the Israel Mobile Association USA tour. Jon Medved, CEO, is a member of AICC  Israel Advisory Board.

 PLYmedia develops software that allows online videos to be overlaid with content layers, or PLYs – related to the video. Examples are advertisements, subtitles, pop-up bubbles and other layered content, which allows publishers to increase their revenue from a given video. Informational overlays are designed to promote video content and maximize interaction with viewers. PLYmedia also provides analytical feedback of the user’s interaction on the video screen in response to various overlays. PLYmedia’s language accessibility solution, SubPLY, has already been implemented by online companies. PLYmedia’s subtitles and close captioning solution adds value to the video. Its closed captioning solution converts audio video into text video, opening up additional viewing opportunities for the hearing impaired and enabling office workers to silently watch videos in the workspace. PLYmedia Joined AICC in 2007 and participated in the New Media and Web 2.0 business exchanges.

AICC ISRAELI MEMBER EARNIX NAMED BY FORRESTER A HOT INSURANCE SOFTWARE COMPANY TO WATCH IN 2009

Independent Research Report Profiles Earnix as a One of the Companies That Are Reinventing Insurance Information Technologies

Earnix is a leading provider of customer value and pricing optimization solutions for insurers and banks.  Earnix solutions are used by leading financial services companies worldwide to optimize customer relationships and drive significant improvements in profitability.  The company is led by a team of seasoned professionals with significant financial services background combined with expertise in optimization technology and enterprise software development.  Earnix is privately held and funded by prominent venture capital firms.  

“We are honored to be named by Forrester as a company to watch by insurance companies.  Like the entire financial services sector, insurers are in search of inventive operational models in order to adapt to the new realities in the financial markets and the global economy.  Despite and maybe because of the financial turmoil, we are seeing a significant uptake in the interest in the Earnix solution among insurance companies and banks alike,” said David Schapiro, Earnix’s Chief Executive Officer.

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Israeli Company Earnix joins AICC

 

Earnix was founded by insurance and banking executives who sought a practical solution to the limitations of traditional pricing methods used by financial services providers. Joining forces with experts in statistics, econometrics, and optimization technology, they formed Earnix to help insurers and banks improve performance through better customer segmentation, advanced demand analysis, and optimal pricing.

Today, leading financial institutions are using the Earnix solutions to improve financial results by millions of dollars annually. Working with Earnix enables insurers to improve bottom line performance by 2-5% of gross written premium, while banks and credit card issuers can improve net interest margins by as much as 35 basis points.