26 Jan 2010

Software company eyes healthcare and insurance markets

1:39 pm on 26 January 2010

A Wellington IT company is focused on the healthcare and insurance sectors in the United States for future growth.

Business intelligence software firm Futrix provides web-based software that provides companies with simple and fast access to the information they hold.

Asia Pacific head Anthony Bishop says the recession has helped in some ways, as its software can help battered companies reduce costs and use their information more effectively.

He says the 12-year-old company is "really drilling" into the health and insurance markets at the moment to make products that are quite different.

Mr Bishop says the company plans to grow even faster over next two to three years.

Futrix's annual turnover is about $2.5 million. Most of its income comes from the United States, though it's building its presence in Australia and parts of Asia.

Futrix also says it's made good use of Government assistance through New Zealand Trade & Enterprise and the Foundation for Research, Science & Technology to expand its business.