Nexus Enterprise Solutions is a publicly traded technology company that provides big data technology solutions for major national brands in the insurance industry. The company focuses on quality business-to-business lead generation services for buyers and sellers in this growing private sector space.
In a late January shareholder letter, Nexus Enterprise Solutions' CEO, James Bayardelle highlighted that the company had undergone solid third quarter growth, a sales increase of 34% from the second quarter. Mr. Bayardelle noted that the company's Q3 2013 sales were a gain of 472% from its Q3 2012 revenues. He said that the growth was strongly attributable to Nexus Enterprise Solutions' skilled programming team, its NexChange Marketplace℠ platform, and its programmers' ongoing efforts to modify and refine the platform for greater client value.
Noting that "[d]ata quality across the industry had dropped as unqualified lead providers sold marginal and even fraudulent data and there were few mechanisms in place to validate this information for the lead buyers," Mr. Bayardelle then touched upon Nexus Enterprise Solutions' rapid rise as a primary provider of quality leads due to there being a growing industry-wide demand for "intermediaries [that are] needed to police and verify the exchange of data between lead sellers and buyers." The NexChange Marketplace platform's deployment enabled the company to fill this gap and solidify a foothold in the "largest sector actively purchasing generated lead data, auto insurance." Mr. Bayardelle also noted that Nexus Enterprise Solutions is continuing to build up its portfolio of national auto insurance carriers for greater market strength.
Because of Nexus Enterprise Solutions' extensive in-house talent, including from its management team members such as Chief Technical Officer Jason Foster, Mr. Bayardelle relayed his confidence that the company will be able to see similarly solid growth in 2014. He highlighted that it had expanded into the life insurance sector in the past quarter, and that in 2014 the company would be looking to expand into new vertical markets where big data management solutions are needed but untapped.
Touching upon other company highlights and developments, such as its recent expansion of its sales team, Mr. Bayardelle then concluded by reinforcing the company's commitment to increased shareholder value.
For more information about Nexus Enterprise Solutions and how it is changing the insurance sector, please visit: nexusenterprisesolutions.com
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