LONDON, October 4th 2004: COR Financial Solutions (COR-FS), international provider of asset management and banking software is pleased to announce that it has been selected as one of 100 fastest growing UK based technology companies as profiled in the The Sunday Times Microsoft Tech Track 100 league table published on the 3rd October.
COR-FS has shown compound growth of 120% between 2001 and 2004 with revenues growing from £1.9m to £9.4m, making it one of the fastest growing technology companies in its sector. The company has grown primarily through a series of acquisitions and is now poised for further organic growth, with profitabilility expected during 2005. COR Financial Solutions currently has 200+ customers in 21 locations across EMEA, the US and the Asia-Pacific regions, including 7 out of the top 20 global asset management companies.
Steve Osborne, Chairman said: "We are pleased to be included in such a group of
high growth, high technology companies. COR’s acquisitions have been successfully integrated to create a product-line which our customers value and
which is poised to generate profits next year".
Chris Brooke, Business Development Director said: "The COR-FS team has done
well to achieve this impressive growth, through both acquisition and organic
development activities, all at a time when the wider financial technology sector
has been in the doldrums. Inclusion in the league table is a welcome reward for