New client signings increase by 80% for Tradar in last year

31 October 2007

During the past year, Tradar, a leading provider of hedge fund portfolio management and accounting technology, has seen an 80% rise in the number of new clients licensing the firm’s software. In the last twelve months alone, thirty-six hedge funds signed new agreements with Tradar, up from twenty the previous year.

Insight, the company’s newly developed portfolio management platform, launched at the end of last year, is playing an important role in driving growth. With its sophisticated reconciliation, reporting and security features, Insight is already proving popular amongst hedge funds.

Tradar believes that the next twelve months are likely to prove just as successful as the previous twelve, and the firm anticipates acquiring as many as forty to sixty new clients during the coming year. In response to the increased demand for its products, Tradar is looking to invest in extra staff and has plans to increase its employee base from fifty-two to seventy.

Tony Swei, CEO, Tradar, commented:

“The last twelve months have been excellent for us. However, the company’s success owes in considerable measure to the fact that we have grown our organization at a sustainable level and have always emphasized promoting from within. We are now reaping the benefit from a stable organization."

He added:

“The new Insight product, which was launched a year ago, has also played a critical role in the successes of the last year. The new user interface has proved a great success with hedge funds. And it’s not hard to see why - Insight is reasonably priced, easy to scale up and can be used by a wide variety of firms through from smaller start-ups to multi-billion dollar operations.”

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