From January to June of 2009 Sophis has:
-increased clients in North America by 25% (clients include hedge funds, banks, and asset managers)
-hired two senior sales staff
-announced a partnership with Gemstone Systems, the leading provider of data infrastructure technologies to provide its clients with low-latency, high-throughput and continuous availability for business-critical data.
In addition Sophis has hired Bill Elbery to run the firm's Institutional Sales. A seasoned veteran with over 20 years of experience in the financial technology sector, Elbery was most recently the Head of Sales for SunGard's VPM. Prior to SunGard, Elbery was the Director of Sales for LatentZero in North America.
Sophis credits the firms' rapid growth to developing cutting edge, high performance solutions that are backed by some of the industry's best talent. Sophis has seen an increase in interest for its products across all sections of the market, especially on the buy-side, and aims to support its growing client base with state of the art risk management products which are scalable and can handle any type of complex instrument.
Larry Tabb, CEO of the Tabb Group adds "The market for risk management solutions has proved to be very resilient in this economy, with buy-side firms at the forefront. Incorporating real-time, enterprise-wide risk intelligence into everyday decision-making is a priority right now, and the best way to achieve this is by adopting more capable systems that provide an integrated view across multiple asset classes."
Eric Bernstein, COO of Sophis North America, comments: "Over the last six months we have increased our US presence by augmenting our current staff with industry veterans. I have no doubt that talent like this will help drive our aggressive growth plans here in North America. In addition, Sophis is pleased to be partnering with Gemstone Systems to provide continuous availability for business critical data."