InfoReach announced a 22% revenue increase in 2008 despite unfavorable market conditions
Boston & New York – February 10, 2009 — InfoReach, a leading provider of execution management service technology today announced a 22% revenue increase in 2008 despite unfavorable market conditions. Factors fueling this growth include the expansion of its client base as well as the growth of the InfoReach FIX Network.
“2008 growth is greatly attributed to the demand for InfoReach's portfolio trading platform and its high frequency product,” said Allen Zaydlin, CEO of InfoReach. “Our commitment to building superior technology, combined with dedicated support has attracted many new clients. In this economy, firms have to tread carefully, they are coming to us because we have a reputation for delivering the most stable and reliable product in its class.”
InfoReach is an innovative company focused on providing leading software solutions for the electronic trading of financial securities. Established in 1995, InfoReach promptly recognized industry technology trends and created its product line of the InfoReach FIX Engine (FIX protocol engine) and the InfoReach TMS (Trade Management System). InfoReach's products are open, scalable and a flexible solution for firm-wide order execution and management.
An abundant array of features combined with committed support has made InfoReach the technology of choice for many buy and sell side financial institutions. InfoReach works with more than 80 of the largest financial institutions in the global marketplace including UBS, Bank of New York, GMO and the Jakarta Stock Exchange and employs a staff of over 50 industry staffers in offices throughout the U.S. and Europe.
For more information please visit www.inforeachinc.com, or call sales at 212-269-2722.
Hunter & Co Communications
Jan Hunter, 617-371-1122