Eze Castle Integration, a leading provider of technology and IT services to hedge funds and investment firms, today announced its end of year 2007 results, reporting 34 percent year-over-year growth from 2006.
Driving its 2007 growth, Eze Castle added 79 new clients, introduced four new services and launched its London office.
Eze Castle supports more than 500 hedge funds and investment firms worldwide, helping clients generate strong returns and expand globally by implementing and managing strategic technology initiatives. Key technology growth areas for hedge funds include disaster recovery and business continuity support, Storage Area Network (SAN) adoption, and managed service offerings. Mirroring these market demands, in 2007 Eze Castle's disaster recovery and business continuity business doubled over 2006 results and its SAN business saw a 70 percent increase.
As hedge funds become more institutionalized, Eze Castle is working to help ensure their technology infrastructures are performance optimized, efficient and available 24x7x365. Demand for Eze Castle's services also propelled the company to expand into London to support UK-based hedge funds and to open its NY-based Eze Managed Suites, which offer fully managed business and technology support for hedge funds. Eze Castle now has 11 clients in London and the Suites are at 80 percent capacity.
"Eze Castle Integration is focused on providing superior client service while creating new technology and business solutions that address real client pain-points. Our 2007 growth reflects this focus and our commitment to simplifying technology for hedge funds and investment firms worldwide," said John Cahaly, chief executive officer of Eze Castle Integration. "We expect continued growth in 2008 through further diversification and expansion of our services in alignment with our mission to be the premier provider of outsourced IT and business solutions to small and medium financial firms."
Eze Castle's 2007 highlights include:
- Expanding client base to more than 500 firms
- Introducing Eze Managed Suites to support startup and expansion activities for hedge funds
- Launching a London office to support UK-based growth and client globalization strategies
- Opening data centers in London and Chicago
- Launching new services including Eze Business Voice over IP solutions and Eze Smart Mobility
- Establishing partnerships with 12 leading companies including Iron Mountain, BlackBerry and Pyxis Mobile