Random Walk Computing marks ten year milestone

Source: Random Walk Computing

Random Walk Computing, an industry leader in business analysis and technology consulting for financial services, is celebrating ten years of delivering high quality solutions to financial institutions and electronic exchanges.

Random Walk is well known among top tier banks and brokerages for developing custom solutions that help them differentiate their products and services in global markets.

Testament to Random Walk's success is the firm's explosive growth over the last several years. Yearly revenue increased 45% in 2005 and the outlook for accelerated growth in 2006 continues to be strong.

"Our success is attributable to our intensive focus on financial services combined with a deep understanding of leading technologies and a highly disciplined approach to software development," noted Joel Scotkin and Jim Lowe, Random Walk's Co-Founders. "Client satisfaction remains very high and we have nearly doubled our customer base in the last year," added Mr. Scotkin.

With offices in New York, San Francisco and Chicago, Random Walk's clients include global banks, institutional brokerages, asset management organizations, hedge funds, insurance companies and electronic exchanges. "Random Walk's technology and financial services expertise made them a great choice as a technology partner," said Phil Weisberg, CIO at FXall, an award- winning FX trading portal. "I would like to personally congratulate them for reaching a major milestone - providing the financial services industry with ten years of outstanding service and capabilities."

Random Walk began in 1995 as a Java boutique helping clients build distributed platforms that leveraged the Internet for increased productivity and cost reductions. Today, Random Walk has expanded its capabilities to include domain expertise across asset groups combined with technology skills in multiple languages, protocols and development platforms. Random Walk's service offerings span the range of the project lifecycle from management consulting to implementation and deployment.

"Random Walk has done an outstanding job helping ICAP rollout innovative new products to our global community of fixed income dealers," noted Jay Spencer, Chief Information Officer at ICAP, the world's largest interdealer broker. "They have been our technology partner since 2002 and we wish them continued success."

Random Walk has been instrumental in helping financial institutions cope with change. The financial services industry today is experiencing a paradigm shift driven by the accelerated volume of electronic trading, changes in market structure and increased complexity of regulatory compliance. "We are poised to help our clients make the transition without disruption to business process," commented Mr. Scotkin. "Our success lies in correctly aligning our resources with our client's initiatives. We look forward to helping them meet their goals over the next ten years."

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