Wall Street Systems, the leading provider of global treasury, trading and settlement solutions and services, today announced strong uptake for its software during the first quarter of 2007. The company has reported eight new contract wins, four upgrade signings and seven new live implementations of its solutions.
Demand has been particularly strong for the application service provider
(ASP) model of the Wallstreet Treasury solution for corporates, with half of all new signings - including adidas and Fiberweb - opting for this delivery method. The company is also seeing significant interest in the subscription-based pricing model for Wallstreet Treasury, which was launched earlier in the year. This benefits end-users by enabling them to pay accordingly as they use the software, rather than having to pay software license fees upfront. Other new customers for Wallstreet Treasury this year include Simpson Motors and the Jamaican Public Service Company, both of which are based in the Americas region.
Wallstreet Suite, the company's cross-asset investment and debt management solution, which is widely deployed by financial institutions, central banks, debt management offices and multi-national corporations, went live at Bank of Greece and Bank of Uganda during the first quarter.
SPF Beheer and three other global organisations have also signed contracts for new implementations of Wallstreet Suite.
To complete a strong start to 2007 company-wide, Wall Street Systems has commenced an upgrade for Commerzbank North America and has also completed front to back office solution implementations at PT Bank UOB Buana Tbk, Indonesia, and a Swiss private bank. Several other implementations for Wall Street Systems are underway.
"This year has so far been very positive for us in terms of winning business from both new and existing clients, as well as completing the successful implementation of our treasury, trading and settlement solutions in many of the world's leading organisations," said Larry Ng, managing director - product strategy and marketing at Wall Street Systems. "We intend to build on this growth throughout the year, taking full advantage of market drivers which include the increasing demand for hosted services, consolidation of back office operations, commoditisation and the continuing pressure to comply with regulatory requirements."