Gissing Software grows revenue in 2006 by more than 40% and gears up for further growth in 2007
Paul Watmough appointed as Business Development Manager
London, 12 March 2007 – Gissing Software, solution specialists in the routing and transformation of real-time market and trade data, today announced that its revenue grew by more than 40% from 2005 to 2006. With the appointment this month of Paul Watmough as Business Development Manager, the company has also grown its headcount by 22% since the end of 2005. Watmough joins a growing sales team at Gissing Software in London and will be responsible for managing new business opportunities, particularly in the area of MiFID.
During 2006 Gissing Software won four major new clients for Gissing ConteX MCS, its multi contribution system which is used to meet the real-time data contribution needs of major financial institutions at more than 50 sites around the globe. The company also secured four new clients for Gissing RealtimeXL, its high performance Microsoft Excel add-in, as well as significantly increasing the number or licenses for RealtimeXL amongst its existing customer base.
The appointment of Paul Watmough will help the company gear up for further growth in 2007. Watmough joins Gissing Software from Speedwell Associates, a specialist provider of electronic trading solutions, where he was responsible for sales and marketing activities. Watmough also spent three years at Barclays Capital where he provided trading floor support, systems and business analysis as well as project managing the migration of all desktop trading software during the bank’s relocation. With over 15 years’ industry experience, Paul brings with him a deep understanding of the financial markets.
Commenting on the company’s expansion, Mike Vierya, CEO, Gissing Software, said: “2007 is shaping up to be a year of growth for Gissing Software with issues such as MiFID helping to drive real-time market data contribution up the agenda of many financial institutions. We already have significant new business opportunities in the pipeline with both existing and new clients for Gissing ConteX MCS, Gissing RealtimeXL and our new range of MiFID products, as well as some additional major projects. We are continuing to grow our sales team to meet this demand. Paul Watmough will be responsible for helping us manage some of the new business opportunities we are seeing, and we also look forward to making further appointments over the coming months.”
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About Gissing Software
Gissing Software, solution specialists in the routing and transformation of real-time market and trade data, was founded in 1991. Gissing Software counts some of the world's biggest financial institutions among its clients. Almost all of Gissing’s clients are tier one banks and brokers. With over 50 installations globally, Gissing’s products are a byword in the industry for performance and reliability. The company is privately owned and operates from its head office in Bromley, Kent (UK) and its office in New York.
Gissing Software has extensive knowledge of the technology associated with the transforming and routing of real-time data in the financial markets. Product area focus:
- Multi contribution systems for management and distribution of market data to financial data vendors and partnering businesses
- Real-time solutions for Excel used by financial professionals in analytics, trading, pricing, data contribution and administration
- MiFID solutions:
- pre-trade and post-trade transparency
- data aggregation for input to MiFID best execution policies
- Trade data capture transformation and system integration for fixed income securities, FX and other investment instruments
For more information on Gissing Software products please visit: www.gissing.com
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