Predictive banking technology wins export award for ITRS, 23 December 2009
ITRS Group plc have been announced as the London regional winners of the International Trade Awards 2009 sponsored by HSBC BankPlc, for commitment to export. The board members of ITRS were presented with the award during a ceremony at HSBC World Headquarters in Canary Wharf. ITRS will now be put forward, with the winners of the other UK regions, for the International Trade Company of the Year.
With offices in London, New York and Hong Kong, ITRS is the leading global provider of real-time proactive systems and application management products to the world’s financial community.
Ian Campbell OBE, Chairman of the judges, said: “ITRS are an exceptional, innovative and thoroughly international business. Their provision of vital technological protection to the software and systems of major financial institutions has made them into a global leader in their field.”
He continues: “Their rapid and sustained growth, both domestically with international financial bodies and worldwide, is testament to first-class product research and design and significant investment in both money and people in dedicated overseas management structures. Clearly, having a world-beating product helps – but you still have to get out there and sell it to succeed.”
Stephen Bates, ITRS CEO, commented: “I am truly delighted that ITRS has achieved this accolade. It is the result of years of hard work, innovation and client focus; our challenge as an organisation is to maintain these core values.”
Installed in 600 locations worldwide and with clients that include eight of the top ten global investment banks, ITRS is a leading provider of specialist management and predictive analysis technology. The company supplies financial institutions with an optimised enterprise management framework, enabling clients to acquire the crucial, real-time system performance metrics they need to predict disruptive events and automatically execute the appropriate steps to either limit or completely avoid service disruption. World markets are increasingly automating trading activities and ITRS is at the forefront of this emerging discipline, helping clients maintain business continuity and maximising profit opportunities.
Stuart Nivison, HSBC Head of Trade and Supply Chain, Europe said: "HSBC is delighted to support these important awards. Importers and exporters make a significant contribution to the UK economy and we feel it is important that we recognise their hard work and celebrate their success. ITRS stood out as clear winners in this round and their success overseas in such a highly competitive sector shows just how competitive UK technology can be. I hope their success encourages other UK businesses to look internationally as well as domestically for new business opportunities."
Today’s award is for companies based in London and ITRS will now automatically go through to the national awards ceremony to be held at the House of Lords in March 2010.
ITRS growth strategy brings new appointment, 16 November 2009
ITRS Group plc is pleased to announce the appointment of Patrick McVeigh as their new head of marketing.
Global marketing director is a new role at ITRS and McVeigh brings over 20 years’ sales and marketing experience in the banking and finance industry to the position. McVeigh has extensive specialist knowledge of the industry which has been gained in sales and marketing roles held at both regional and head office levels within Reuters (now Thomson Reuters), notably in the market data (RMDS) and risk businesses (Kondor product lines). Since leaving Reuters McVeigh has led the marketing practice of Blazon Consulting, a strategic marketing consultancy based in the City of London.
On joining ITRS McVeigh said: “I am delighted to be joining ITRS at an exciting time in the company’s expansion; they have a very impressive global client list and this year have achieved international recognition with the Sunday Times Microsoft Tech Track 100 and industry awards for customer service and growth. It is also a time of great change within the financial markets, highlighting the need for firms to be both competitive and cost conscious. I have been aware of the success of ITRS for many years and have always been impressed that their technology is so often at the very centre of an institution’s critical systems. With the increase in national and international regulatory requirements additional pressures are placed on clients: ITRS’s ability to address core objectives and assist institutions in ensuring that their trading and risk systems are robust and effective makes this a fascinating time to join the company.”
Stephen Bates, ITRS CEO, said: “We are happy to have Patrick joining us and look forward to his experience being brought to bear on our business. Patrick’s track record will be highly valuable to ITRS and will help to focus and expand our marketing as well as provide support to our global sales operations. Throughout this year we have been adding senior members of staff to help us drive the rapid growth at ITRS.”
ITRS success earns listing in the Sunday Times Microsoft Tech Track 100 for 2009, 21 September 2009
ITRS Group plc, is pleased to announce that it has been included in this year’s listing of the Sunday Times Microsoft Tech Track 100.
The line-up is a listing of the country’s top 100 fastest growing, privately-owned technology companies based on the previous 3 years’ sales growth. Only seven of the companies in this year’s list specialise in financial technology. ITRS’s growth has averaged over 30% per year over the last four years, but this year this has been surpassed with an impressive growth of 65%. The full list was published in the Sunday Times on 20th September and can be found on Fast Tech’s Tech Track 100 website.
On hearing that ITRS was listed this year Stephen Bates, ITRS Group CEO, commented, “ITRS is in the fortunate but highly unusual position of being significantly in demand during both good times and bad. In a high-growth environment people need our product to make sure that their trading systems are working efficiently. In a tight market people buy our technology because it minimises risk and increases efficiencies.” He adds: “Being listed in the Sunday Times Microsoft Tech Track 100 is marvellous news. We have been achieving impressive levels of growth during a difficult time. We are steadily growing our business and recruited a number of senior executives earlier this year to help develop our business. The majority of our new customers come via recommendation and this year has been a record year in terms of business – in the last year we have achieved a 65% increase in turnover with a corresponding increase in profitability. Though it is difficult to predict growth during times such as these, fortunately we have a strong pipeline. This is the first time that we have been included and I am grateful to all ITRS staff for their commitment and dedication and of course to our clients.”
ITRS names additional senior hires in North America, 17 August 2009
Coming soon after announcing Joanne Kinsella as managing director of ITRS North America, ITRS Group has confirmed two additional management level appointments in the US.
Eric Beller and Joshua Prinsky are joining ITRS as Account Director and Technical Account Manager respectively. Both will report to Joanne Kinsella and will work closely with the sales and management functions across the company. They will focus on the development and ongoing relationships with the growing client list of major institutions across North America.
Joanne Kinsella said: “Since joining ITRS I have been amazed at the level of interest from current and potential clients. There has been a clear refocus by Wall Street firms with everyone now demanding greater efficiencies and cost savings from their technology: our management and monitoring is being used as the foundation to achieve this. This is a very exciting time for Eric and Josh to join us.”
Previously at IBM and most recently at Tervela, Eric Beller has extensive experience of sales and major account management, having worked with an impressive list of Wall Street clients. Beller has many years’ experience managing complex, strategically oriented solutions with sales to senior executives at tier one institutions. His experience of negotiating both tactical transactions and large enterprise license agreements will be highly valued at ITRS.
Josh Prinsky has a strong background in networking management and monitoring, including solution engineering, designing advanced network architectures and application dependency mapping. Much of Prinsky’s previous work involved Fortune 500 clients in New York City, working closely on integration strategies, enterprise technologies, system management and efficiencies.
ITRS CEO Stephen Bates commented: “I am confident that the experience that Eric and Joshua have will be a great addition to the team. I expect their specialist knowledge will quickly benefit our clients and they will go on to be extremely valuable to our future and our continued growth in the United States.”
ITRS joins Lloyds Development Capital Hot 100, 06 July 2009
The fifth Lloyds Development Capital (LDC) Hot 100 has now been announced. The line-up is a listing of the UK’s fastest growing privately owned companies across all business sectors. In recognition of its growth and success ITRS Group plc has been included in this year’s listing. ITRS is the leading global provider of management and monitoring tools for the world’s financial community. It is the only financial technology specialist included in the list of 100 companies and is one of only five technology companies in the list this year. The full Hot 100 league table including analysis and interviews is featured in the May edition of Real Business magazine.
Darryl Eales, chief executive of LDC, the private equity company that sponsors the Hot 100 commented: “It will be interesting to see how these companies fare over the next 12 months.”
On hearing that ITRS was listed this year Stephen Bates, ITRS Group CEO, commented: “Darryl Eales makes a very good point; fortunately ITRS is in the highly unusual position of being in demand during both good times and bad. In a high-growth environment people need our product to make sure that their trading systems are working properly. In a tight market people buy it because it minimises risk and increases efficiencies.” He adds: “Being listed in the Hot 100 is marvellous news. We are achieving impressive levels of growth during a difficult time, which is a clear endorsement of our product and our people. We want to further develop the existing product – and expand our customer base. The majority of our new customers come via recommendation and this year has been a record year in terms of business - in the last year we have achieved a 65% increase in turnover with a corresponding increase in profitability. Though it’s difficult to predict growth at times such as these our pipeline is looking good.”
Real Business is Britain’s best-known entrepreneurial publication for owner/managers of growing businesses. Each year the magazine publishes the LDC Hot 100 listing of the fastest-growing private companies in the UK with a minimum annual turnover of £5m. The Hot 100 profile describes ITRS as a rare company, “one that lends itself to a booming financial market and to a downturn.“
Stephen Bates concludes: “Our ranking in the Hot 100 this year is based on the four most recent years of trading during which our growth averaged over 30% per year. The accounting period which has just closed has produced 65% growth, so I’m confident that next year we will rise up the Hot 100 table.”
