Onit today announced the creation of an index of its publicly traded customers called the Onit Index. Created to monitor the long-term success of its customers, the index shows astonishing results for the first half of 2014. As of June 2014, the average Onit Index stock value increase was 23.7% higher than the S&P 500 and Dow 30 indices averages.
The Onit Index is comprised of 10 Fortune® 500 companies, five large global companies and three smaller companies across a variety of industries, including technology, insurance, legal, consulting, financial services, healthcare, consumer retail, industrial, pharmaceutical, and energy. The interactive graph below shows YTD growth from January through June 2014.
“We were delighted to find that the Onit Index far outperformed both the Dow 30 and S&P 500 indices,” said CEO Eric M. Elfman, “While we cannot take credit for our customers’ success, we believe that the index is an indicator that fast-growing, innovative companies are turning to cutting-edge technology and choosing Onit Apps over traditional software systems and enterprise platforms. Our Apps not only help customers streamline operations, control costs, and reduce company risk but they can play a pivotal role in their overall profitability.”