SkySparc’s 15th successful year fuelled by demand for Outsourced Support service

Stockholm - 13 June 2017

SkySparc, the leading independent provider of solutions for Wallstreet Suite users, has announced record revenues in 2016, reflecting a successful year serving a wide range of client needs, including increased demand for Outsourced Support services.

In 2016, more than half of SkySparc’s revenues were generated from recurring business streams (Outsourced Support services and OmniFi licenses). Organizations from all SkySparc’s core customer segments – central banks, corporate treasuries, asset managers and financial institutions – have contracted to use the firm’s Outsourced Support services.

Other highlights of the firm’s best-ever financial performance in 2016 include: 

  • • 25% year-on-year growth in pre-tax profit
  • • 22% pre-tax profit margin
  • • Diversified revenue base across client segments and geographies, with US and Germany our largest regional markets

In addition, SkySparc continued to make investments in service quality to clients, notably with a series of senior hires:

  • • Philip Lake appointed as Senior Engagement Manager for the Americas
  • • Amin Dangra bringing 25 years of experience to SkySparc’s cash management practice, joining from the treasury of Merck & Co
  • • Sam Cooley playing a key role in the development of our Outsourced Support service

Thomas Bergqvist, Director, SkySparc, said: “Now in our 15th year, SkySparc is better placed than ever to deliver high quality service tailored to the specific needs of each client. We’d like to take this opportunity to thank all our clients and staff, and to confirm our commitment to providing our expertise so that clients can focus on their core business.”

SkySparc is the leading independent provider of solutions for Wallstreet Suite users. Trusted by central banks, Fortune 100 corporate treasuries and asset managers, SkySparc offers complementary software, outsourced support and a wide range of financial and technical consulting services.

Outsourced support enables our customers to focus on their core business and benefit from attentive service from our financial and technical experts.

SkySparc OmniFi delivers sustainable business value to customer through advanced management reporting, process automation, system integration and fully automated testing.

SkySparc is the winner of Central Banking Publications’ 2015 Consultancy and Advisory Award and the 2014 Adam Smith Award for Best Risk Management Solution, awarded by Treasury Today.

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