Firm58 Announces Triple Digit Revenue Growth in Third Quarter Results

21 November 2008

Firm58, the leading on-demand post-trade management software provider, announces triple digit year over year revenue growth for Q3 2008. Firm58 expects continued growth in 2009 due largely to recurring revenue from existing subscribers and new business across the trading, brokerage and exchange industries.

"Firm58 is in the right place at the right time with the right offering," commented Curt J. Witte, CEO and President of Firm58. “Firm58’s suite of solutions is the answer for capital markets organizations looking for significant cost and profitability improvements. Our rapid growth is a clear indication we are adding value to our customers.”

Another benchmark of Firm58’s success is the company’s headcount increase; Firm58 has ramped up its capabilities in product development, operations, deployment and client services in 2008 and has relocated to a new global headquarters at 130 South Jefferson. “Our employees are a very valuable asset and we have been fortunate to continue the Firm58 tradition of hiring the best and the brightest individuals in the industry,” said Witte.

In addition to record revenue and employee growth, Firm58 has enhanced its existing products and launched several new offerings in 2008. As a reflection of its overall expansion, the company has re-launched its website. Firm58.com is a completely enhanced site providing updated content and an exciting new user interface. Highlights of the new interactive site include video product tours and downloadable content.

Witte remarked, “With our expanded capabilities, I am confident that Firm58 has the resources in place to provide our clients with exceptional new offerings, rapid deployments and excellent service levels for 2009 and beyond.”

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