HelioGraph Announces Revenues Up more than 30%

London, 16th April 2003 - HelioGraph, the Straight Through Processing (STP) and Financial Messaging specialist, today announced its revenue for the financial year ending April 2003 was up by 33%, in what has been called the most difficult period for corporate IT investments in 15 years.

HelioGraph's performance has been fuelled by strong growth in the US, growing market share for the TradeFlow product in transaction management systems, and continued strong demand for eVent, its market-leading corporate actions product. The financial strength of HelioGraph is further exemplified by its unbroken profitability record since the company was founded in 1996. Between 2001 and 2003, staff numbers have more than doubled and HelioGraph has recently reorganised the team making key additions in 2003; in particular to the corporate actions team with the appointment of Simon Strong and of Jacky Manderson, formerly at ABN Amro.

At a product level, TradeFlow has evolved to a STP platform that is increasingly being adopted by providers of outsourced services. Recent research suggests TradeFlow is used by at least a third of the world's top 20 providers of ASP services in the transaction management space. Recent client wins in this area include SIA, Northern Trust, FX All and State Street IMS, with more announcements expected over the coming weeks.

The past 12 months have also seen the first 4 sites go live with eVent, HelioGraph's corporate actions management system. Interest in automating this high-risk manual activity remains very high, and HelioGraph hopes to capitalise on its position as a front-runner in this area, with more clients going live and extending the scope of their existing systems later in the year.

"This result is very pleasing and suggests our strategy of organic growth, based on a strong balance sheet has been the right approach." says Amery Thomas, CEO at HelioGraph. "The growth we have seen in the US market, where we have signed up some of the largest names in the past year, is a testimony to the fine team we have working in New York."

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