FINCAD Achieves Top Twenty-Five Status of 'Ready to Rocket' Companies in 2006
VANCOUVER BC, CANADA, January 12, 2006 – For the second consecutive year, FINCAD has been named on the ‘Ready to Rocket’ list. The ‘Ready to Rocket 25’ list names twenty-five (25) B.C. companies that are best positioned to capitalize on the information technology trends that contribute to faster growth than the IT sector as a whole. The ‘Ready to Rocket 25’ list is compiled by Rocket Builders, a Vancouver-based consulting group focused on helping technology companies identify and capitalize on market opportunities.
To determine the list of companies for inclusion in the ‘Ready to Rocket’ list, Rocket Builders reviewed market positioning and revenue potential for nominated companies.
“Companies who make our annual ‘Ready to Rocket 25’ list come from a variety of information technology businesses across British Columbia, and Rocket Builders has a credible track record of identifying these fast-growth companies. We are able to predict with a high degree of accuracy that more than 100% of named companies outperform the industry growth rate - often with revenue growth rates exceeding 200% per annum. Also, companies on this list are more likely to get investment or get acquired than companies not on the list” said Geoffrey Hansen, a Managing Partner at Rocket Builders.
Robert Park, President and CEO of FINCAD, states, “The market for FINCAD’s industry standard financial analytics is being propelled by several powerful business drivers. In 2005, our asset management, banking, corporate, insurance and hedge fund customers helped us grow revenues by over 40% and we expect to report profits increased by 50%. We agree with Rocket Builders and believe that FINCAD is poised for continued strong growth in 2006.”
For additional media information, please contact:
Media Relations
FINCAD (FinancialCAD Corporation)
Central City, Suite 1750
13450, 102nd Avenue
Surrey, BC V3T 5X3
Phone: (604) 957-1222
Email: media@fincad.com
About FINCAD
FINCAD provides software and services that support the valuation and risk management of financial securities and derivatives that is essential for banks, corporate treasuries and asset management firms. FINCAD’s industry standard financial analytics are a key component in FINCAD solutions that are used by over 25,000 professionals in 72 countries.
FINCAD products include FINCAD XL, a Microsoft® Excel add-in with 1,400 financial functions and 120 pre-built workbooks used for valuing and measuring the risk of financial securities and derivatives; FINCAD Developer, a financial analytics library with 1,400 financial functions available as a component for software developers to incorporate into their own applications; and The Perfect Hedge, a secure, online hedge effectiveness, independent valuation, risk assessment and market data application made available to end users via a subscription ASP service.
About Ready to Rocket
Each year, based on analysis of trends that will drive growth in the information technology sector, Rocket Builders identifies twenty-five (25) private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with “Ready to Rocket” companies exceeding the industry growth rate. Also, many of these companies raise investment capital and each year many of the profiled “Ready to Rocket’ companies are acquired.
http://www.readytorocket.com
About Rocket Builders
Rocket Builders is a market strategy and consulting firm focused on helping technology companies to capitalize on market opportunities. Since 2000, we have been engaged in market research, market planning, business development initiatives, strategic selling, and product launches for over 100 organizations. As a service to the local community, each year Rocket Builders shares its insight on market trends to showcase the most promising information technology companies in British Columbia through its “Ready to Rocket” event.
http://www.rocketbuilders.com