Places Second for the “World’s Top 10 Most Innovative Companies in Finance” Category
OpenGamma, creators of the first open source analytics and risk management platform for the financial services industry, today announced that it has been named to Fast Company’s annual list of the “World's 50 Most Innovative Companies”. The magazine selected OpenGamma as the second most innovative company in the category of finance due to it exemplifying the best in business from across the economy and around the globe.
OpenGamma was singled out among the “World's Top 10 Most Innovative Companies in Finance” for cracking the secret world of capital markets by creating open source risk management software, according to Fast Company. It joins Square, Paypal and American Express on the 2013 list of the most innovative global finance companies for making the greatest industry and cultural impact. Fast Company selected OpenGamma to be among the top of the global economy after spending months gathering and sifting data, to identify those enterprises that especially deserve recognition for not only their innovations, but progressive business models and an ethos of creativity.
“It is an honor to join Apple, Amazon and Google on Fast Company’s “Most Innovative” list,” said Kirk Wylie, Co-founder and CEO of OpenGamma. “This recognition illustrates our dedication to innovation and work to radically change the levels of transparency related to risk analytics within capital markets. Our inclusion on Fast Company’s list demonstrates OpenGamma’s enthusiasm and mission to change how the financial services industry views their risk infrastructures, navigates today’s volatile regulatory environment, and accesses and deploys the most cost-effective, powerful risk analytics tools available.”
The Fast Company recognition follows a year of positive industry accolades for OpenGamma in 2012, including the company being selected as one of Risk Magazine’s Firms of the Future, highlighting a select group of organizations forecasted to have the biggest impact on the OTC derivatives market over the next five years. OpenGamma was also honored as “Top Innovator” among the most promising financial technology and financial services start-ups during the European showcase of the Innotribe Startup Challenge, and selected as the second most innovative specialist during a 2012 Risk Magazine customer survey of risk technology. The company recently appointed industry veteran and former senior manager at Calypso Technology, Mas Nakachi, as Global COO and CEO, North America to manage global industry demand for the OpenGamma Platform.