16 December 2017
visit www.aciworldwide.com

29West claims strong Q3

29 October 2009  |  868 views  |  0 Source: 29West

Today 29West announced that Q3 was another record quarter for the firm, its 13th straight quarter of record revenue growth.

29West counts global banks, major exchanges, electronic trading firms and hedge funds among its more than130 production deployments in the US, Europe, and Asia, with deployments scaling from 10s to 1000s of CPUs. This positions 29West as the most deployed next-generation messaging solution across all messaging use cases in all asset classes.

"This demonstrates that the industry as a whole is re-evaluating its use of messaging as a way to gain competitive advantage in the markets," said Mark Mahowald, 29West founder and president. "It's clear that those who haven't already moved their underlying messaging infrastructure to a next-generation solution are certainly planning it. We pride ourselves on being the fastest, most reliable, most scalable and most tunable solution on the market, and happily, it turns out that many financial firms agree."

Of course, a direct result of signing so many customers is continued revenue growth. The firm expects to close out 2009 strong, with about a 70-percent revenue increase for 2009 over 2008, according to Mahowald.

"Another exciting development for us is the addition of an enterprise customer in India," said Annalisa Sarasini, managing director for 29West EMEA. "This represents a new and very dynamic market for us."

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10357 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9796 views comments | 17 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7045 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6446 views 0 | 4 tweets | 2 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6107 views comments | 5 tweets | 26 linkedin

Featured job

Find your next job