About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading 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: How to optimise the business value of your data using agile data governance

Data governance is transforming from a risk management and compliance tool with limited and prescriptive controls, to a solution that can help you optimise the business value of your data. In this role, data governance must scale to manage rising volumes of data, more and different data types, and changing user requirements, while continuing to...

BLOG

DSB Opens Annual Consultation on OTC ISIN and CFI Service Provision

The Derivatives Service Bureau (DSB) has opened its annual consultation on OTC ISIN and CFI service provision for 2023. The consultation paper is published on the DSB website with responses open until 5 pm UTC, Monday 30 May 2022. A final report will be published on Thursday 30 June 2022. The consultation focuses on topics...

EVENT

Data Management Summit New York City (Redirected)

Now in its 8th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...