Dion Global Solutions (Dion) (BSE: 526927), a leading provider of software solutions to financial markets globally, has announced annual results for the year ending 31st March 2012. The company reported revenue of INR174.0 Crore, a 35% increase over the previous financial year. For the fourth quarter, revenue was INR 63.3 Crore, a 22% increase over the previous quarter. The consolidated EBITDA is INR 8.2 Crore against INR16.5 Crore in the previous year.
Ralph Horne, Global CEO & Managing Director, Dion, said, “The Company has seen strong growth across most sectors, which is most encouraging against the back backdrop of the current economic conditions. Dion has maintained its strategy of continued investment in both products and geographical reach. Investment has not been restricted to existing products, but will also see the company launch new solutions addressing the requirements of OTC pricing, regulation/compliance and international equities settlement in the coming year. This expanded product set not only positions Dion to address current spending initiatives, but also ensures we are seen as a trusted partner capable of servicing our customers globally. We anticipate continued strong growth in the coming year as we assimilate and leverage off our recent acquisitions.”
The financial year 2011-12 has been a year of business and product portfolio expansion for Dion. The company has expanded its presence in Europe through the recent acquisitions of Investmaster (now rebranded as Dion), a leading UK based provider of Wealth Management and Stockbroking solutions, and Swissrisk Financial Systems, a provider of trading, workflow and messaging solutions across mainland Europe. Dion has also ventured into the North American market through an asset acquisition of Toronto based BPS Enterprise, a leading audit solution across Canada and United States.