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Aucent Corporation engaged Igor to rename and reposition their company
and to name three new products. Aucent's core business is XBRL business reporting and
financial data analysis. XBRL (eXtensible Business Reporting Language) is the new standard
to prepare and analyze financial information.
Our client needed a name that would carry three ideas: 1) permanently attaching XBRL tags to
financial data; 2) generating a compelling financial picture of a customer's business; and
3) support an interesting animal icon in an engaging way. They did not want a random visual
icon a la the Linux penguin or a linear one like the literal animal print patterns Apple uses
to market its Panther, Jaguar and Tiger Operating systems.
The company's new name, Rivet, covers all three bases of the brand positioning and more:
- Strength, reliability, dependability. Old-fashioned stability in an often fluctuating
high-tech environment.
- Construction metaphors, tying things together, building immense structures (or data
reports) one rivet (or "nugget" of data) at a time.
- Great action verb associations, from riveting your attention to riveting the structure
and data together.
- Frog imagery/icon/mascot, the "ribbit" of frogspeak evoking the name Rivet.
While the majority of Rivet's competitors are positioned merely as companies or service
providers, Rivet has the potential to become a strong, memorable, and top-of-mind brand. The
opportunity here is to build a solid brand, create pathways for brand recognition, and lay the
groundwork for brand loyalty. Just by having a well-defined brand, a key differentiator from
the competition is already in place. But we have to look to the future as well, when new
XBRL-related brands are likely to compete more aggressively for brand attention with Rivet,
once Rivet demonstrates to the marketplace - through its name, branding and the quality of its
products - the value of a brand.
One of the three new product names we created for Rivet, Dragon Tag, has been launched.
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