NEW YORK CITY (January 19, 2004) - - Reval, a provider of financial risk management technology solutions and services today summarized its 2003 achievements and 2004 strategic direction. During 2003, the company expanded globally with several new international clients - including the Australian Wheat Board - that selected Reval's secure Web-hosted risk management applications, which solve the processing, compliance, and reporting issues associated with complex treasury transactions.
The Company also experienced continued high customer retention and satisfaction, further supporting its 2003 revenue growth of over 200%. New software releases expanded the product line's global functionality, including the addition of soft commodities, barrier options, and other product types.
In 2003, Reval received several major awards for its products and company leadership including:
- Company CEO Jiro Okochi was named one of the top 100 influential people in finance by Treasury & Risk Management magazine;
- Reval was named a Rising Star by Deloitte & Touche in the highly competitive New York region;
- Eurofinance named Reval as "one of the top ten technologies that treasurers need to know."
"2003 was a pivotal year for Reval. We were perfectly positioned to capture drivers for improved controls around corporate governance and financial reporting and, as an ASP, we've been able to offer affordable subscription services during tough economic times," said Jiro Okochi, Reval's co-founder and CEO. "We are equally excited about the prospects for 2004, as regulatory drivers continue to increase and global economies appear to be turning around."