Regulatory Requirements Push FINCAD Up 45%
VANCOUVER, BC, CANADA, February 23, 2006 – Organizations’ growing need to meet regulatoryrequirements related to derivatives use helped push FINCAD revenues upby 45% in 2005, while profits increased 59%.
Greater shareholder scrutiny of companies and hedge funds is forcing more transparency in terms of derivative valuations. Sarbanes Oxley, FAS133, and IAS 39 helped FINCAD gain 139 new enterprise clients in 2005 bringing the firm’s number of customer organizations to more than 2,600 worldwide. Nancy Petersen, CFO at FINCAD, said “Clients have confidence in FINCAD Analytics, which provide an important part of the puzzle in complying with derivatives regulations. By using FINCAD software and online services organizations that didn’t have the tools to value and assess the effective use of fixed income instruments and derivatives can now do so.”
Robert Park, President and CEO at FINCAD, stated, “This is the third consecutive year that FINCAD revenue growth has exceeded 25%. Our clients and alliance partners have recognized that using our products ensures that they get the numbers right and has made our firm’s analytics a global industry standard. We look forward to continued profitable growth in 2006 as we bring out more advanced models for the valuation and risk assessment of all asset classes, including interest rate, fixed income, equity, credit and foreign exchange derivatives.”
For additional media information, please contact:
Media Relations
FINCAD
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 XL is a Microsoft® Excel add-in package containing over 1,400 financial functions and 120 workbook solutions used for valuing and measuring the risk of financial securities and derivatives. FINCAD Developer is a software development kit allowing financial system vendors and developers to add FINCAD Analytics to their trading, order processing and order management systems.
FINCAD XL is a Microsoft® Excel add-in package containing over 1,400 financial functions and 120 workbook solutions used for valuing and measuring the risk of financial securities and derivatives. FINCAD Developer is a software development kit allowing financial system vendors and developers to add FINCAD Analytics to their trading, order processing and order management systems.