InfoReach Posts 28% Growth in 2007 Despite Tough Market
New Clients, New FIX Connections Account for Strong Performance
Leading EMS Provider Names Two to Key Positions
New York, March 19, 2008 — InfoReach, a leading provider of execution management service technology, today announced an increase in revenue of 28% in 2007. Factors fueling this growth include extended revenue from existing accounts including a multitude of new FIX connections, new clients, and new users of InfoReach’s recently launched web-based execution service Brokereach.
Allen Zaydlin, CEO of InfoReach commented, “Our IFN (the InfoReach FIX Network) started in mid 1996, is now up to 200 connections. That puts us in a great position for growth moving ahead in 2008.”
With expanding operations Susan Becka will lead the business development for Brokereach. She previously worked as an assistant vice president in sales at Nomura Credit & Capital, Inc. Susan is a graduate of Boston College and holds her series 7 and 63 licenses.
Additionally, due to an increase in connectivity demand, InfoReach named Dan Cook as Connectivity Coordinator for the InfoReach FIX Network. Dan will manage all new and current connectivity on the network. Dan previously worked briefly as a financial service representative at First Investors Corporation. He is a graduate of Marquette University.
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 trading 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 60 of the largest financial institutions in the global marketplace and employs a staff of over 35 industry professionals in offices throughout the U.S. and Europe.
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