Eze Castle Integration, a leading provider of technology and IT services to hedge fund and investment firms, today announced record growth for the first half of 2007.
Eze Castle achieved 43 percent revenue growth over the first half of 2006, with a 26 percent increase quarter-to-quarter in 2007. Eze Castle also added 43 new clients to its growing roster of more than 450 hedge funds and investment firms, ranging in size from $50 million to several billion dollars in assets under management.
Demand for technologies such as next-generation voice communications, disaster recovery, Storage Area Networks (SANs) and wireless are also fueling Eze Castle's unprecedented sales growth. Based on adoption of Eze Castle's services and customer feedback, top priorities for hedge funds include information protection and availability, compliance technologies and solutions that provide greater control of business functions. In 2007, Eze Castle also extended its partnership channel to include best-of-breed technology solutions for hedge fund business areas such as client relationship management (CRM), market data and accounting systems.
"Our first-half growth highlights the increasing level of technical sophistication in the U.S. hedge fund market. Many hedge funds are implementing advanced technologies to better manage market and operational risk, provide greater transparency to investors, and enable highly-targeted and detailed reporting for key constituencies," said Chris Grandi, president of Eze Castle Integration. "Hedge funds partner with Eze Castle because we understand their critical technology and market requirements, and are committed to delivering technology solutions that provide optimal business impact."
To date, Eze Castle's new 2007 service introductions include Eze Business Voice over IP solutions and Eze Smart Mobility, both of which give hedge funds enterprise-level technologies for advanced business continuity and always-on connectivity. Additional 2007 service offerings will focus on application data protection and optimizing infrastructure and application environments.
Key growth attributes and 2007 milestones include:
- 26 percent quarter-to-quarter growth from the first quarter of 2007;
- 43 new clients, expanding Eze Castle's customer base to over 450 firms;
- The appointments of Jim Rich as managing director of global sales, and Rinando Soto as service director of the western region of the United States;
- New service introductions including Eze Business VoIP and Eze Smart Mobility; and
- Climbing 33 places on the CMP Technology's VARBusiness 500, a listing of the biggest and best solution providers in the North American IT reseller channel.