Revenue figures for 2010 were buoyed by both new client wins across the companyâs three core regions of Europe, Asia and the United States, as well as by existing clients expanding their use of ActivePivot. CrÃ©dit Agricole, Quartet FSâ longest standing client, has recently extended its implementation of ActivePivot to run across five different parts of the bankâs trading business.
The companyâs international expansion has continued with Quartet FSâ first client win in Australia following the opening of the Singapore office last summer. David Cassonnet, who is leading Quartet FSâ operations in Asia-Pac, has recently doubled his number of staff to service the growing demand from financial institutions in the region. In the United States, Quartet FS is working with its first asset management customer which represents a new growth area for the companyâs offering.
Commenting on the companyâs success, Georges Bory, co-founder of Quartet FS, said, âActivePivot is now used by investment banks around the world to solve many different business issues from real-time position keeping and risk aggregation to explanatory P&L, Value at Risk, stress analysis, low latency arbitrage, counterparty credit risk, CVA and real-time accounting. With such a unique solution that meets many of todayâs pressing business needs by providing operational, real-time business intelligence, we are confident that we will build further on this growth in 2011 and beyond. We anticipate a proportion of this growth will come from the asset management sector as well as industries outside of finance where the need for real-time analytics is paramount.â