Joanne Kinsella to head ITRS America, Rajiv Bala named Managing Director of Global Alliances, 21 April 2009
20th April, 2009: ITRS Group plc has today named Joanne Kinsella managing director of ITRS America. This appointment is part of ITRS’s aggressive growth strategy and follows the appointments made earlier this year of Kevin Covington as managing director of ITRS Europe and Keith Waterton as chief operating officer.
Kinsella has an impressive track record of achievement in the global financial technology sector. Prior to joining ITRS she held a number of high profile positions in financial services and IT, most recently as head of portfolio at BT Global Financial Services where she was responsible for the Radianz portfolio, trading systems, unified communications, collaboration and post trade messaging. Kinsella has a depth of knowledge and understanding of the concerns and requirements of global financial institutions across the sector. She has recently successfully lead and delivered global projects focused on resolving low-latency challenges.
Says Kinsella: “ITRS is experiencing unprecedented growth in demand for its products so it is an exciting time to be joining. A significant opportunity exists here in the Americas to build on our impressive customer base and grow the business through driving new relationships with banks, exchanges, hedge funds and execution venues. ITRS has a huge potential for growth as financial institutions look to implement real-time proactive systems management, improve their operational productivity and reduce risk. I know that with over a decade of specialist expertise ITRS is a clear leader in this market and I am thrilled to be part of the team that will take the business forward.”
“Joanne’s experience is a real asset and will enable her to make a significant contribution to our expansion plans and also benefit our client base in America. Joanne has a clear understanding of ITRS’s growth strategy and I am very pleased to welcome her on board,” says Stephen Bates, ITRS CEO.
At the same time Rajiv Bala Subramanian, previously CEO ITRS America, takes on the role of managing director of global alliances. Partnerships and third party relationships have always been important for ITRS and with the rapid growth of the company these are becoming even more vital. Bala will be responsible for developing the alliances, channel marketing, distribution and third party relationships which will play a key part in the company’s expansion.
Bala comments: “With connectivity to more than 100 trading, portfolio and risk related products and vendors our partners are becoming increasingly keen to embed our product capabilities into their offerings to enhance their value. These new alliances will play an important role in our continued growth.”
Stephen Bates adds: “Having worked with Rajiv for a number of years I know he will bring energy, drive and focus to what is an increasingly important part of ITRS’s business. With the recent additions to the ITRS board and the outstanding results announced earlier this month I believe we now have the best mix of talent, expertise and market position to achieve our goals.”
ITRS appoints Keith Waterton Chief Operating Officer, 06 April 2009
6 April 2009, London: ITRS Group plc announced today the appointment of Keith Waterton as Chief Operating Officer, a new position on the ITRS board. Waterton will work closely with the sales and management functions across the company at a time of increasing global demand for its products. The appointment comes within days of ITRS posting very positive preliminary year-end results.
Prior to joining ITRS Waterton was the chief operating officer and finance director for EMEA at EB2 International Ltd. where he provided valuable insight and counsel to managing directors and business managers. Waterton has over 15 years’ hands on experience of all aspects of operational and financial management, especially implementing business controls and developing effective management information systems for fast growing businesses.
Says Waterton: “One of the things that attracted me to ITRS was that companies of that size prove to be far more agile and responsive to market conditions, and ITRS is clearly entering an expansion phase. With the company at a significant stage in its development this is an exciting time for me to be joining the management team. I am able to bring my commercial and financial experience to ITRS and put systems in place that will provide the foundation and support its global growth.”
Waterton began his career holding a number of positions in financial departments and quickly progressed to become a financial director and managing an international team. His responsibilities included negotiation, budgeting, successfully helping start-ups and extending the business to several countries.
Stephen Bates, ITRS managing director, commented: “Keith’s experience is a real asset to ITRS and I am delighted that he has decided to join our team. We are growing rapidly and as the company expands we need the systems and controls to manage our growth and to continue building the company.”
ITRS announces 65% growth in turnover, 01 April 2009
1 April 2009, London: ITRS Group plc has announced a set of outstanding preliminary results for 2008. Turnover of the privately held company has continued to increase achieving a year-on-year growth of 65%. The EBDTA (Earnings before Interest, Taxes, Depreciation, and Amortisation) are equally impressive, showing an increase of 95% year-on-year.
ITRS is a British technology success story: it specialises in predictive and proactive management of critical, real-time applications and monitoring of banks’ worldwide technology infrastructures. Customers particularly value the ability of ITRS Geneos to show the complete operating environment rather than disparate applications as well as its versatile and flexible dashboard facility which instantly displays the status and performance of trading room, risk management and settlement systems and exchange feeds anywhere in the world. ITRS is the only company that supplies a highly sophisticated management product specifically designed for the needs of financial institutions.
ITRS began trading in 1997 and has headquarters in London with regional offices in New York and Hong Kong. It has always been highly focused on a strategy of customer and business-led product development combining this with unusually high levels of support and responsiveness. This ‘customer first’ approach to business has resulted in an exceptionally loyal customer base. Clients include 8 of the 10 largest banks and 30 of the top 50 biggest financial institutions in the world.
Stephen Bates, ITRS managing director, says: “I am delighted with our results; they are a clear reflection of the quality and expertise of the staff we are fortunate to have in the company. We continue to be very successful in Europe and North America and part of our growth strategy is now to strengthen our presence in Asia. Globally we are seeing an increased demand for our technology due to the growing pressure from governments and regulators to focus on minimising operational, business and reputational risks and the need for greater compliance. These pressures, coupled with competition between financial institutions, reinforce the need for products such as ITRS Geneos. This plays to our strengths as we continue to support our clients in the management of their critical environments.”
ITRS appoints Kevin Covington as Managing Director of ITRS Europe , 09 February 2009
9 February 2009, London: ITRS Group plc has appointed Kevin Covington as managing director, ITRS Europe. This new position was created in response to the substantial growth of the business and increasing demand in Europe, Asia and North America.
Covington joins ITRS after twelve years with BT Global Financial Services where he was Head of Strategy and Portfolio & Propositions Development. For more than twenty years Covington has specialised in IT services for the global wholesale banking industry including developing and supplying advanced technology. He also worked at several major banks where he was responsible for IT strategy and implementation of technology and global infrastructure. Covington has been a non-executive director at ITRS since 2000. This role enabled him to witness the growth of ITRS and see it increasingly become the main provider of global management and monitoring solutions to the majority of tier one and two banks round the world.
Covington commented: “ITRS solutions have always been seen as integral to the efficiency and integrity of an institution. More than ever now, as global players strive for additional increases in efficiency and cost reductions we are seen as a core component of their businesses. This is the right time for me to have greater involvement with the company as we enter the next phase of growth and development. My knowledge and international experience will be put to good use in my new position, as we go into the next phase of growth.”
He began his career in research and development in the defence industry; prior to his time at BT Covington held a number of positions in the City. He was a senior manager in the Equities IT group with SG Warburg and at Dresdner Kleinwort Benson where he ran a range of integration programmes following the merger of the two institutions.
Stephen Bates, ITRS managing director, said: “Kevin has been a valued member of the board for many years and will be a real asset in his new role as the head of our European operations. His knowledge of the company and understanding of the value and benefits we bring to our institutional clients are valuable assets. We are seeing a lot of interest from clients wanting increased efficiency and robustness in their critical systems and Kevin is the right person to help us to deliver these to our clients.”
One of the key areas of growth for ITRS over the recent years has been electronic trading and low latency monitoring. Covington is a long-time advocate of low-latency infrastructures including proximity hosting and is recognised as one of the pioneers of this concept and its importance as a route to achieving low-latency.
Gateway2 Planned Production Date - 30th January 2009, 25 November 2008
ITRS are pleased to announce that we are planning to release the production version of Gateway2
on the 30th of January, 2009.
Gateway 2 represents a new generation of the Geneos Framework. Some of the key features are
highlighted below:
A foundation for future enhancements
Easier to enhance and improve
More flexible and reliable
No artificial limitations, such as setup line lengths
A new setup editor
Form-based, with context sensitive help.
Allows dynamic setup changes without Gateway restarts or disconnects.
Advanced validation for individual settings and for the overall setup.
Muti-threaded design
In the event that the database goes offline or runs slow, Gateway2 will queue the updates for later insertion without impacting its main functionality
Logging to Oracle
Enhanced Rule Manager
Richer function set and greater flexibility. Syntax and error highlighting when editing a rule
Compute Engine [new]
Rows, columns or views can be created and automatically populated with results of user defined calculations in real-time.
Built-in functions such as sum and count and average/max/min over a configurable period of time.
We will be running regular training courses from January, 2009 to assist customers with the
upgrade process. A schedule of these will be published on the “Support” page of this web site
Please also note that ActiveConsole2 is a prerequisite for Gateway2. As notified earlier this year,
support for the old Active Console1 will be withdrawn at the end of January, 2009.
For any other enquiries please contact your Account Manager via their personal e-mail or using
one of these group mail accounts as appropriate for your region:-
