Sophis, a leading provider of cross-asset, front-to-back risk and portfolio management solutions, today reported 2006 as a landmark year for the firm, with an annual turnover exceeding 60 million USD.
Over the past three years, Sophis' average annual revenue growth has exceeded 40 per cent. In 2006, Sophis confirmed its strong position on both sides of the market by adding 20 new buy-side clients and five new sell-side clients, bringing its client base to 50 banks, 45 hedge funds and ten asset managers.
This growth has been supported by a strong recruitment policy and office expansion. The total number of staff grew from 180 at end 2005 to 230 at end 2006. Sophis also relocated to bigger premises in Dublin and London, the company's second and third largest offices respectively, to accommodate the growing teams.
Sebastien Roussotte, Head of Strategic Marketing, Sophis, says, "This record year reflects Sophis' continued investment in research and development. Most importantly, Sophis has delivered unprecedented numbers of client projects in 2006, bringing 26 clients live on VALUE, its cross-asset front-to-back solution for the buy-side. In addition to signing five new sell-side clients, Sophis has deployed RISQUE, its front-to-back solution for the sell-side, across numerous credit and commodities desks. In 2007 we expect our growth rate to match what we have achieved in recent years and our headcount target is to be 280 by year end."