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Quantifi Claims 2008 as a Strong Year for Growth with 37% Increase in Clients

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Despite the economic downturn, analytics and risk management solutions provider Quantifi experienced what it reckons was significant growth over the course of last year. Rohan Douglas, CEO and founder of the vendor, says that the results are indicative of the increased demand for its credit pricing and risk analytics solutions.

“In particular, we witnessed a significant uptake in demand not only from the front office but also from risk management groups at leading banks, as firms look to better manage their exposures and positions. As market events in 2008 put new strain on firms’ existing pricing and risk tools, we worked closely with our clients to help them navigate the crisis by providing them with new methods for credit modelling, such as our correlated recovery model,” says Douglas.

This uptake in demand translated itself into a 37% increase in clients over 2008, which included a doubling in the number of European clients on its list, says the vendor.

This is a healthy increase in clients, given the downturn in the markets but is perhaps indicative of the market’s appetite for products around the area of risk management and valuations.

Douglas reckons this appetite will continue to drive business growth for the vendor this year. “There are significant changes happening in the credit default swap (CDS) and broader credit and OTC markets. As these markets undergo a paradigm shift, our clients continue to rely on us to provide the very latest models and risk management tools.”

He claims that Quantifi’s drive to work more closely with its clients and its investment in its R&D will ensure it stays ahead of the competition in the market. And given the number of new entrants and new products on the market, it will need all the help it can get.

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