4sight has signed four new customers for its Securities Finance software. The new client wins mean 4sight has now increased its client base to thirty financial institutions and new sales revenue has grown 150% year on year as a result.
The new customers will use 4sight's Securities Lending and Borrowing, Repo and Collateral Management software solutions and are banks based in North America, Europe and the Asia Pacific region. One of the projects also involves the large-scale replacement of a competitor's system.
In response to the strong growth in new customers, 4sight continues to employ a large number of extra staff to meet the increase in demand for its products.
"We would like to welcome the new clients to our customer base," comments Alastair Chisholm, 4sight Managing Director. "Demand for our systems has been driven by financial institutions looking for software tools to help manage risk, improve efficiency and reduce costs in the post-Lehman environment."
"Financial firms are also looking for vendors with the stability and experience to ensure successful projects and a long term return on their investment in technology. We look forward to working with all of our clients to help them achieve ever greater success."