Fabric Technologies, a leading London based systems integrator offering voice, data and networking solutions to investment banking and trading organisations, today announced an expansion of its European operations and entry into the Swiss market-place.
Fabric says that its decision to operate in the Swiss market is the most recent step in a long-term business strategy which has already seen the company grow 40% in the last two consecutive financial years, achieving sales of £7.3M by the end of its last financial year.
The company's rapid growth and decision to enter the Swiss financial services market follows its success in providing tailored solutions to financial services companies. To date, Fabric has over 150 clients in this sector including, Hedge Funds, Market Makers, Algorithmic Traders and Investment Banks.
Fabric specialises in implementing customised deployments of SIP based trading turrets produced by IP Trade - an industry leading vendor who last year recognised Fabric as its Global Partner of the Year. This recognition followed a 250 position deployment of IP Trade trading turrets across two sites for a single organisation carried about by Fabric, in addition to numerous successful deployments for other clients.
IP Trade are the only SIP turret provider to have completed interoperability and verification testing with Cisco and the company is a member of Cisco's Developer Network (CDN) at the 'Preferred Solution Developer (PSD)' level - the highest in the program. No other SIP turret provider shares this status with Cisco. IP Trade's turrets are designed to integrate easily with platforms such as Cisco Call Manager which is widely used by many companies within the financial services industry.
Fabric themselves are a Cisco Premier Partner with Unified Communications specialisation and their expertise in this field alongside their knowledge of the unique needs and requirements of financial services companies provided the foundation for their partnership with IP trade.
Fabric also has extensive expertise and a strong track record in providing high frequency trading networks and latency management solutions to investment banking and trading organisatioions.
Fabric's CEO, Misha Gopaul, comments: "We see the opening of our Swiss operation as the next logical step for us. As well as creating the opportunity for us to bring our advanced financial technology to new customers in the region, it will also allow us to better support the growing number of our existing customers establishing or expanding operations in the region."
Fabric will be establishing capability to support customers based in all the major Swiss financial locations including Zurich, Geneva, Lausanne, Basel, and Zug and will employ a number of local technical consultants and engineers.