InferX Corp. (fka NFRX)

[Blue54]

I love this OLD PR, kinda says it all:

InferX Corporation Completes Merger with The Irus Group
Mon Nov 2, 2009 5:26pm EST
Merged Firm Brings Next Generation Predictive Analytics and Business
Intelligence Solutions to Financial Services, Healthcare, and Government
Markets

STERLING, Va., Nov. 2 /PRNewswire-FirstCall/ -- InferX Corporation (Pink
Sheets: NFRX) today announced that it has completed its merger transaction
with business intelligence consulting and services firm The Irus Group, Inc.
The merged entity will continue to be known as InferX Corporation. Both firms
had signed a Memorandum of Understanding (MOU) in November 2008 to jointly
pursue contract opportunities with government agencies, financial services and
healthcare firms.

(Logo: http://www.newscom.com/cgi-bin/prnh/20091102/PH03698LOGO )

The merger with The Irus Group has already begun to introduce InferX
technology and solutions to a wider base of prospects. Since 1996, The Irus
Group has emerged as a star consulting firm in the planning, implementation
and development of complex Business Intelligence (BI) and Corporate
Performance Management (CPM) solutions. Irus has successfully implemented
projects across a broad cross-section of clients in the Government, Financial
Services, Retail, Manufacturing, and Telecommunications markets. Irus has
provided business solutions for a blue-chip list of clients which includes
MasterCard, JP Morgan Chase, ConAgra, US Navy, US Army, and US Air Force. The
Irus Group had begun introducing InferX solutions to these accounts and many
of its technology partners since the MOU was signed.

"Now that the merger is completed, we look forward to accelerating our
marketing, sales, and product development efforts in order to bring our next
generation solutions to market," said B.K. Gogia, InferX Executive Chairman &
Founder. "We have used the last several months to introduce our solutions to
the Irus Group customer base, which includes Fortune 500 companies with
critical operational requirements, thus providing a new customer base for
InferX solutions. We are very encouraged by the reception to our solutions."

Irus had revenues of $4,707,925 and had an operating loss of $204,146 for the
year ending December 31, 2008. The post-merger consolidated revenue for
InferX from January 1, 2009 through August 31, 2009 was $4,973,172 with net
income of $250,271. Irus is in the middle of several IBM/Cognos TM1
implementations for the US Navy and other federal agencies. In 2010, InferX
expects an increase in revenues and profits due to its new management team and
focused execution strategy on delivering measurable value to its existing Irus
clients and new clients in the market sectors listed below.

Vijay Suri, CEO & Founder at The Irus Group and now CEO of InferX, said,
"This merger is the perfect evolution for The Irus Group based on our
successful legacy in the Business Intelligence and Corporate Performance
Management fields. There is a huge need in the market for Predictive
Analytics solutions that help companies answer critical business questions
about their financial, marketing, sales, and operations processes."

Focused Vertical Marketing Solutions

InferX has domain expertise and brings next generation Predictive Analytics
and Business Intelligence solutions to the following markets:
-- Financial Services: Focusing its resources in data rich sectors of
the
economy where large global companies have diverse data assets, InferX
is
developing specific offerings including: Fraud detection in financial
transactions and bank cards; Advanced Customer Relationship Management
(CRM) and Enterprise Risk Management for the insurance industry

-- Healthcare: Capitalizing on the emerging reforms and modernization of
the American medical system, InferX is developing solutions
specifically
focused on: Hospital Quality Matrix; Revenue and Cost Prediction;
Disease Management and Prediction; Evidence Based Medicine; and
prescription drug analysis for patient safety.

-- Government: InferX plays a leading role in promoting the safety and
security of the nation's assets and its citizens, by empowering law
enforcement, intelligence and military decision makers through the
application of Predictive Analytics. Solutions include: aircraft
safety
analysis, healthcare solutions, and fraud detection on government
programs.


Market Sizing

The Business Intelligence and Predictive Analytics markets are two of the
strongest growth markets in the enterprise software space, as measured by
market research firm IDC. The business analytics market was estimated to be
$19.3 billion in 2007 with a CAGR of 10.3%. The business intelligence market
revenues are estimated to approach nearly $30 billion by 2011.

About InferX Corporation

InferX is the market leader in next generation distributed Predictive
Analytics and Business Intelligence Products and Solutions. InferX has
pioneered and commercialized a powerful, patented suite of advanced data
analytical solutions that improve corporate performance across the enterprise
in the healthcare, financial services, and government markets. InferX is
uniquely capable of delivering secure, real-time, and privacy preserving
intelligence and decision support - all without the need to move data. InferX
is headquartered in Sterling, VA and can be found at www.inferx.com .





SOURCE InferX Corporation

Fred Diamond of InferX Corporation, [phone]