Panopticon strengthens UK team

Panopticon adds to its sales team to meet strong market demand for tree mapping

Press Release

Stockholm, Sweden, May 23, 2005 - Panopticon, the leading supplier of real-time visualisation tools to the world’s financial markets, today announced the appointment of three new sales people in the UK organization.

The rapid growth of Panopticon’s customer base has led to the need to expand Panopticon’s specialised sales team. Panopticon’s UK sales force will now cover the following verticals: FI, Equities, Prime Brokerage, Asset Management, Private Wealth, Research, Risk and Performance.

Says Willem De Geer, CEO, Panopticon "We were looking for sales people with a strong track record in the industry, who understand the unique needs of each market segment and can tailor Panopticon’s products to those requirements. Derek Flanagan, Russell Dewis and Martin Porter are all experienced in the industry, and I am very happy to welcome them onboard. I am looking forward to continuing to grow our UK customer base with their help."

Derek Flanagan has been appointed Product Sales Director. Derek has a strong, 13 year track record, specialising in the financial software industry. In his previous positions as senior sales executive at Traiana he was responsible for introducing the market leading, cross asset, prime brokerage and client servicing platform to Europe, managing a team that was focused on the UK and European financial markets. At Front Capital Systems, Derek created the strategy for the launch of a new fixed income offering into Europe, and established Front Capital´s Arena solution as the market leader in the South African Financial Market. Previously, Derek has worked as senior product specialist and account management roles in ITS Axiom and Bloomberg.

Russell Dewis is taking the role of Sales Director. Dewis is a seasoned sales professional, with over 12 years’ experience in new business and strategic sales management. Dewis was previously working in business development at ERA Technology. Prior to this he was the UK & Ireland sales manager at FRS UK. Dewis has also worked at Business Objects, and Investment Intelligence Systems Corp.

Martin Porter has been engaged as a consultant as Business Development Director to enhance our market penetration in the UK & Ireland financial marketplace. Porter has over 20 years’ experience in the computer industry, and previously held the post of vice president of sales EMEA at SunGard asset management systems selling system & application service provision solutions in wealth management, custody, securities lending and fund accounting. Before joining SunGard, Porter was at Misys and Primark Datastream, specialising in investment management solutions. Porter has an impressive track record of selling and delivering financial solutions to major institutions in the UK, Ireland, Northern Europe and the USA.

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