About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Reval Claims 50% Increase in Revenue for 2008 and 75 New Clients

Subscribe to our newsletter

Originally appeared in MiFID Monitor

In keeping with the perception that risk has become a key focus for investment in the current environment, risk management solutions provider Reval has announced strong client growth over 2008. According to the vendor, it experienced a 50% increase in revenue and the addition of 75 new clients over last year.

Reval attributes this growth to its geographical coverage and regional focus, as well as the need in the market for solutions in the compliance, risk management and valuations space. Jiro Okochi, CEO and co-founder of Reval, explains why he thinks the vendor has experienced robust growth: “Reval’s best of breed solutions, expertise and global footprint have been instrumental in its success. In today’s volatile environment, companies cannot afford to take risks, and Reval’s proven track record provides the reassurance companies need when addressing challenges in hedge accounting and risk management.”

The firm saw client growth across all regions in 2008, with its North America contract value growing by 130%, EMEA by 167% and Asia Pacific by 227%. Reval also added clients from markets that it had previously not had a client presence including France, Singapore and Korea. In order to support its growth, it also increased its workforce across North America, EMEA and Asia Pacific by 80% last year.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

GoldenSource CEO Corrigan Lays Out Three-Year Plan of Change and Innovation

Eighteen months into his stewardship of GoldenSource, chief executive James Corrigan says the company is entering its next phase with a clear, practical three-year plan. Corrigan describes a disciplined approach: decide where the firm will compete, be explicit about what sets it apart, and align the organisation behind a short list of priorities. “If you don’t evolve your business model,...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...