TransactTools Announces Record Results, Grows Staff By 30%

Firm gears up for TCM demand

TransactTools, the leader in electronic trading connectivity software and services, has announced record results for its fiscal year ended April 30. Revenue from its INTELLIGENT CONNECTIVITY platform, which provides messaging, monitoring, and business transaction management, climbed 41% over the prior year. The company also reported its second consecutive year of strong profitability and grew staff by 30% during its fourth fiscal quarter.

"The success we had this year was thanks to the value proposition our platform offers to firms across various functional business areas," remarked Mike Johnson, CFO of TransactTools, Inc. "We have added several customers in areas like fixed income, back-office, and pre-trade. Also, we are having great success with clients that are now trusting us to host and manage our solutions in our datacenters.

Our 'managed connectivity' offering is often the best option for customers and represents a huge growth opportunity for TransactTools. And going beyond basic connectivity, partners like financial networks are beginning to bundle our technology as a value-added service to their customers -- this is another way our solutions are reaching an increasingly broad audience."

With Release 4 of its software platform, TransactTools is the first and only vendor to offer a complete TCM (Transactional Connectivity Management) solution. TCM is a new class of enterprise trading technology that extends the capabilities of traditional connectivity software by adding both business intelligence and reliability to a firm's trading environment.

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