The changes were instigated by the company's continued strong growth, particularly in the areas of credit data analysis, tick data storage, and derivatives data management.

Brian Sentance, who becomes chief executive officer (CEO) within the new structure, says that the reassigning of roles will enable the best use to be made of the skills of the executive team: "We are enjoying an unprecedented demand for our products and we have re-aligned our management team accordingly. My new role will allow me to focus more on the company's strategic direction. Greg Johnson has been appointed Chief Operating Officer and will be taking over the company's operational management. The other founder directors, Chris Budgen (chief technical architect), Matthew Skinner (business applications director) and Mark Woodgate (consultancy director, North America) will, in their new roles, have the opportunity to ensure that our products continue to be closely aligned to market requirements."

Two new non-executive board appointments have also been announced: Dr Ian Hunt, a leading and well-respected figure within the asset management industry cements the more informal assistance he has given to Xenomorph over the years with this formal appointment.

Comments Dr Hunt: "The buy-side is becoming a real area of focus for Xenomorph, and I see major opportunities for growth. The use of structured products and derivatives is expanding dramatically among asset managers, and Xenomorph is ideally placed to help buy-side clients with the complex data management issues that result from this growth. My role will be to assist with the company's strategic direction and to help to define the products needed by the buy-side."

Also joining the board, is David Moore, one of Xenomorph's first clients when he led data management programmes at Bankers Trust. David now runs the successful financial markets consultancy firm, Riversix. With experience of the sell-side business & operations and valuable technology skills, part of his role with Xenomorph will be to help establish relationships with larger technology and software companies.

Comments David: "As a first customer we saw the power and unique capabilities of Xenomorph very early on when it brought together decision management, data and high performance analysis. The business users loved it, and now it scales at enterprise level across all asset classes and derivatives it makes for a very exciting product."

Rod Perry, formerly non-executive chairman and Roger Frampton both retire from the board. The new chairman will be Paul Windsor, lead partner at management accountants WSM and an existing board member.

Greg Johnson concludes: "This is the next logical move for Xenomorph. We are enjoying significant growth. We have increased the number of people we employ and, having outgrown our previous premises, moved to larger new offices earlier this year. We have also established our first overseas operation in New York. However we are very aware that we need to manage this growth and ensure that we remain close to our markets. These senior management changes will help us to do this."