For the third consecutive year, FinArch has been recognised as one of the top fast-growing companies in the region. The Trends Gazelle nomination is given to companies that outperform in terms of revenue and personnel over the last five years. This sustained growth is largely driven by the fact that financial institutions are continually faced with increased requirements that require tactical solutions, but where an overall strategic platform is key to leveraging previous investments.
* 23% operating profit for 2005,
* overall increase in workforce of 34%,
* 307% increase in cash from operating activities and robust free cash flow,
* over 30% ROE,
* nearly 100 new contract wins,
* strengthened partnerships with global consulting practices,
* substantial increase in budget for R&D and marketing,
* two-fold expansion of sales force.
Growth Pattern to Continue
FinArch has been constantly increasing its reputation in the financial market place. The ongoing success in delivering financial and risk management solutions has paved the way for uninterrupted growth. The outlook for 2006, based on their order book of signed and current contracts, indicates a year ahead with similar levels of expansion and revenue growth as achieved in the past two years.
"FinArch is positioning itself as a leader in the financial and risk management space for financial institutions. Our outstanding financial results reflect our ability to address the need for such firms to invest in an integrated platform for financial and risk management. Our product set allows institutions to leverage early investments delivering tactical solutions while achieving an integrated strategic approach for financial management across different disciplines such as finance, risk and compliance.", says FinArch CEO, Dirk De Beule. "We have clearly the ambition to become a World-class company and the pre-eminent provider of solutions that bring together finance and risk. This trend is certainly fuelled not only by IFRS and Basel II requirements, but equally financial institutions looking to implement best practices and be more competitive."