22 Dec 2006

FundWorks completed its second full year of operation to September 2006 with outstanding achievements in business growth, operational structure and product engineering.

We successfully managed to grow our business by over 200%, and significantly increase our annuity based revenue. At the same time, we have enhanced our delivery, and improved on client management and product engineering through continued focus on key industry expertise as well technical competence.

In more detail, our achievements this year included:

• A phenomenal 265% growth in revenue, built on a 120% increase on product implementation
• Increase of client base to over 30 asset management customers
• Top recommendation from Cutter Associates for FundReports, our flagship client reporting solution, confirmed by our clients in a series of industry events
• The achievement of Microsoft certification as an ISV/Software Solution provider, underlying the quality of our products and cementing our relationship with this very important partner
• The establishment of our South Africa operation and an overall doubling of staff and associates

Philip Goffin, FundWorks CEO comments: "FundWorks is an exciting industry success story. We have managed to attract and build one of the most motivated and highly regarded teams in the asset management industry, with deep domain experience in a relatively short space of time. Our key focus is on our client relationships, high calibre team and leading edge product suite. There is an unprecedented drive and determination of the company to be the market leader in our field. With major new accounts on our radar and an aggressive product development schedule, the challenges for 2007 are laid out for us. We are determined to maintain our focus and enthusiasm, and to leverage our experience and expertise to set the standards of product development and solution delivery even higher."

More information

Solutions

Products

Services

Corporate