According to the judges' notes, "Through prudent management, GlobeOp has again generated positive cash-flow from operations, and by continuing to invest significantly in technology and infrastructure, the firm has further broadened its service offering and enhanced the scalability of its operations."
Ron Tannenbaum, GlobeOp managing director, collected the award and said: "This accolade recognizes the value of our continued commitment to investing in technology even during challenging economic conditions. Disciplined investment has created a scalable technology that offers innovative and practical solutions to hedge funds facing increased investor and auditor demands for greater transparency and data reporting."
Established in 2000, GlobeOp's technology platform represents more than 1,000 collective man-years of development. Its technology team consists of more than 250 individuals, over half of whom are developers.
Other recent industry awards include "European Hedge Fund Administrator of the Year" (Funds Europe magazine), "Leader in Innovation" for data management/data storage (Financial-i magazine) and FinTech 100 ranking among global financial technology specialists.
Judged both quantitatively and qualitatively, the awards acknowledged companies that outperformed their peer group during 2009, demonstrating financial progress, growth and innovation. The awards were presented at a ceremony held at the Hurlingham Club in London on March 25, 2010.