Nadeem Chowdhry, QlikTech’s Former Sales Director of Financial Services, Joins Panopticon

Stockholm - 11 February 2013

Chowdhry will utilize his years of experience selling business intelligence and big data visualization systems to global financial institutions to lead the company's sales efforts in the UK.

Panopticon Software, the leading provider of visual data analysis software for real-time, CEP and historical time series data, today announced that Nadeem Chowdhry has joined Panopticon as its Senior Vice President in the UK. Chowdhry was formerly Sales Director of Financial Services for QlikTech, the makers of the QlikView business intelligence system.

Chowdhry has 20 years of experience in selling enterprise software to global organizations. Since 2005, he has helped developed the market for QlikView products from within UK banking and insurance sectors. He was QlikTech’s highest producing salesperson in the world several times and was consistently the top producing salesperson for QlikTech in the worldwide financial services industry. His efforts brought QlikView in major clients, including HSBC, Deutsche Bank, JP Morgan, Morgan Stanley, Bank of America Merrill Lynch, and RBS.

Chowdhry joins Panopticon at a time when the company’s real-time data visualization technology is finding greatly increased acceptance within the capital markets community and in fact, many of the clients he worked with in the past are now implementing Panopticon visual analysis tools. His extensive network in the City of London and globally will help the company further expand its footprint within the large banks where it is already in use as well as find new customers.

Chowdhry said, “I have seen for some time now how important real time use cases are to capital markets firms. The traditional old way of doing things using a BI model is simply inadequate given how fast market conditions can change. New regulation is also pushing the banks to adjust their thinking. They now see how Panopticon’s real-time data visualization technology is a ‘must have’ for risk monitoring, transaction cost analysis, high frequency trading, algo trading, and portfolio management applications. I am tremendously excited to be joining the company leading the real time revolution!”

Willem De Geer, Panopticon’s Managing Director, said, “Nadeem has an excellent understanding of how big banks are approaching risk management, performance analysis, trade monitoring, and related critical operations today. His insights about technology requirements combined with his ability to communicate effectively with senior managers within the major banks will help take us to the next level. Also, QlikTech is one of our strategic partners and Nadeem’s experience and contacts there will help foster more effective working relationships with our mutual customers. It says a lot about Panopticon’s current position in the market that someone of Nadeem’s caliber has joined us and I am very happy to have him on board.”

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