Global expansion plans in play for 2016
Major new release of the MDX platform scheduled for end of Q1
MDX Technology Ltd. (MDXT), a leader in data distribution for the trading community today announced closing FY2015 on a record high, having achieved significant growth across all areas of the business.
“The progress we have made, following our recent fund raising activities mid last year, has been exceptional. And the second half of 2015 was an incredibly busy time for the entire company." said Paul Watmough, CEO at MDX Technology. "Our impressive list of achievements thus far include, the launch of our new data distribution platform which has been very well received in the industry; adding a number of significant new named customers to our growing roster of users, the further deepening our relationships within our existing client base as well as continuing to build the MDX sales and marketing team. The investment in our partner network is paying handsome dividends and we are working closely with them on a number of highly specialized initiatives. Recent successes include our tri-party relationship with CFSI and ACTIV which very quickly culminated in a sale to a major Canadian stockbroking firm and the expansion of our footprint within yet another tier 1 investment bank with Missouri based, Exegy. Both of these, and a number of others which are in the pipeline, have opened up a whole raft of new and exciting opportunities for the firm.”
Watmough continued, "2016 is shaping up to be yet another great year for the business and our focus is very much on servicing the needs of our diverse customer base and developing solutions that match their precise requirements. The United States continues to be a very important territory for MDX and we are in the process of recruiting a permanent sales and account management team based in New York. Their role will be to support our growing North American based clients and to handle the increasing number of inbound leads that are being presented to us, either directly or through our partner network. We are experiencing a very similar spike in demand across Europe and are also actively recruiting in this region as we speak. In terms of product development, we are in the final stages of a major upgrade which is due for release at the end of the first quarter of 2016. Key deliverables will be the ability to deliver a much lower TCO for our data distribution users and to satisfy increasing demands for more cloud-ready capabilities. We are also working with a number of clients, exploring how our solutions can assist them to better support their regulatory reporting requirements, most notably around MiFID II."