Vermilion Celebrates Memorable Year of Growth

London - 15 March 2016

Vermilion Software, the leading supplier of client reporting and communications software, today announces a 31 percent growth in new clients over the last 12 months. 

“Between February 2015 and February 2016 we secured 19 new clients, many of them household names in investment management, or in new territories for our company,” said Simon Cornwell, Global Sales and Marketing Director at Vermilion Software. “New signings included Nikko Asset Management in Japan, Robeco in the Netherlands and Jyske Bank in Denmark, plus seven firms in the US.”

Denmark’s third largest private bank by market share, Jyske went live earlier this month.

“Consistently focusing on how to efficiently add value to our clients, Vermilion Reporting Suite enables us to improve our service to existing clients whilst decreasing our time to market for both regular and ad-hoc reporting cycles,” said Carsten Larsen, Head of Client Service at Jyske Bank.

The last twelve months have witnessed some important product enhancements for Vermilion, but the firm’s primary focus remains on delivering successful implementations that provide tangible business benefits.

In November 2015, Vermilion made history in becoming the first vendor to ever win the ‘Best implementation’ category at the Buy-Side Technology Awards for three years in a row. It also won the category for ‘Best buy-side client reporting platform’ for the second year in succession.

Later the same month Vermilion struck gold again, this time at the Funds Europe Awards. The honour was for ‘European Operations & Technology Provider of the Year – Back and Middle Office’. Vermilion was the only best-of-breed client reporting vendor to reach the last three.

Vermilion’s CEO Marcus Noble said: “The last twelve months have been a period of rapid growth for our business. We have completed 61 implementation projects, including Proof of Concepts and upgrades. The number of our Development staff has grown by 25 percent in the last year and the Support team has swollen by 44 percent. We have the highest number of dedicated resources for any client reporting solution globally, at 80 staff.”

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