Future Dynamics grows revenues, eyes acquisitions

Future Dynamics grows revenues, eyes acquisitions

Derivatives software house Future Dynamics says it is on the acquisition trail after boosting year-on-year revenues and entering the new financial year at break even.

Privately-owned Future Dynamics says that its yearly revenues are up by 42% on like for like sales over the previous year as at the end of September.

The company is reporting strong growth in the US where revenues are up 140% over the previous year. European revenues also grew by 19% while overheads have been reduced by 35% over the same period. The company says it currently has £2m cash in the bank.

Future Dynamics CEO Steve Grob says the group is looking to continue its expansion, espcially in New York.

He adds: "With the full support of our venture capital partner, Catalyst, we may be looking at suitable acquisitions to further our ambitions."

Comments: (0)