LatentZero Looks Foward To Bright 2007
London, 1st February 2007 - LatentZero, one of the world's leading providers of front-office software to the buy-side, will build on its considerable success of the last 12 months by further expanding its product range, implementation capabilities and support services in 2007.
The last year has seen a number of successes in key areas, which will form the basis of the company's plans moving forward. In 2006, LatentZero won 15 new customers globally, and as well, a significant number of existing customers purchased extra modules. 25 new implementation projects were completed including 12 separate new deployments at large institutional clients in the US, and a further 13 implementations in Europe and the UK.
The company's geographical footprint has also grown. The Paris office continues to expand; La Caixa became the first production Spanish client, and RMB Asset Management went live in South Africa. In total, LatentZero now has over 85 customers, ranging from the world's largest institutional asset managers through to hedge funds.
To service the growing customer base, the last twelve months has seen a significant investment made in the Professional Services and Production Support functions. Megan Costello joined the company to head professional services in North America, and adds her considerable experience to an expanding team led by Nick Harrall in the UK. LatentZero now employs 175 people worldwide.
The company has also successfully expanded its product range. Capstone Derivatives, the latest addition to LatentZero's Capstone suite of front-office solutions, went live for the first time at Pioneer Investment Management following a three-month implementation,. LatentZero has also adapted all Capstone modules to meet the specific needs of hedge funds, as well as delivering many other product enhancements.
Richard Jones, CEO says: "2006 has been an exciting year for LatentZero, with the growth of our professional services and support capability being a key area of focus, which will continue in 2007. We are also partnering with our customers to deliver new modules and products to meet ever-changing market requirements, while focussing also on the quality of our software and delivery. 2007 will be the year that OTC derivatives comes of age in the buy-side and our new Derivatives module has been well received. We will also see the delivery of the first fully integrated OMS/EMS solutions, with LatentZero's EMS module being launched in February.
The accomplishments of the last twelve months form a sound basis for us moving forward, and will enable LatentZero to continue to meet the needs of all our clients."
LatentZero is a global technology firm that specializes in developing complete front-office solutions for the buy-side community. LatentZero's Capstone product is used by nine of the world's largest ten asset management organizations. More than 4,000 portfolio managers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $8 trillion.
Capstone is comprised of three components, all of which provide comprehensive functionality for Equities, Fixed Income, listed Derivatives, Money Markets and FX: Tesseract for portfolio analysis, modeling, what-if scenarios and order generation; Minerva for order management, trading and post trade processing; and Sentinel for pre- and post-trade investment compliance management.
Further modules enable extension of Capstone: EMS adds full electronic trading capability, direct market access and transaction cost monitoring; and Derivatives provides fully integrated pricing, trading and management of OTC credit, interest rate, inflation, equity and currency derivatives.
In 2006, 25 new implementation projects were completed including 12 separate new deployments at large institutional clients in the US, and a further 13 implementations in Europe and the UK.
For additional information, please visit www.latentzero.com
The Americas - Cindy Arcari
UK and Europe - Melanie Smith
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