Accumulating the revenue figures, product announcements, client wins and geographical spread of leading technology firms, Financial News identified the top performing firms of 2009. Financial News has published its analysis on an annual basis for the past four years and can be viewed in full here. The report highlighted FinAnalyticaâs innovative approach to risk awareness with particular reference to its âmulti-currency, cross-asset system that offers returns-based and holdings-based solutions on a single platformâ.
Boryana Racheva-Iotova, President, FinAnalytica, commented, âWith the release of Cognity Version 3.0 earlier this year, the gap between quantitative and marketing groups has been bridged, and we have responded to our customersâ needs with integrated and flexible reporting. With new client wins this year and revenue and sales up by 33% and 210% respectively, 2010 will prove to be an exciting year for FinAnalyticaâ.
One UK-based senior consultant said of Cognity, âIt is one of the few products on the market that seeks to exploit the myth about extreme events occurring once every hundred years. Using sophisticated modelling, it is able to assess the likelihood of these so-called fat-tailed risk events happening in the short term. In doing so, it gives its clients a competitive advantage in managing their portfolio risk.â
David Merrill, CEO, FinAnalytica, added, âFinAnalytica is delighted to be included in such a highly acclaimed industry analysis. To be recognised at this time illustrates not only the merits of FinAnalyticaâs solutions, but highlights todayâs environment of heightened risk awareness and the increased demand for state of the art solutions.â