Reval Reports Continued Year-Over-Year Growth in 2009

New York, February 3, 2010 – In 2009, its tenth-year anniversary, Reval.com, Inc. (www.reval.com) secured its position globally as the leading derivative risk management and hedge accounting solutions provider, maintaining 50 percent year-over-year growth in subscriptions and doubling the number of its clients to 400.

Reval also grew its client base by over 50 percent outside the U.S., winning big-brand contracts in Hong Kong and Frankfurt, where it opened new offices in March and September, respectively.  It grew its outsourced treasury service, Reval Center, by 88 percent and struck new strategic partnerships in all regions. The company also secured $16 million in funding and acquired its primary competitor, FXpress.

“It’s been a very exciting year for Reval, and we continue to enjoy success despite the challenging economic environment,” says Reval CEO and Co-founder Jiro Okochi. “As the regulatory environment evolves globally, the market will demand only the best combination of expertise and robust technology, and Reval is perfectly positioned to fit that bill.”

The industry recognized Reval with four awards in 2009 for its Software-as-a-Service (SaaS) technology, which captures the life cycle of a derivative transaction from pre-trade decision making to post-trade accounting. Reval solutions combine this single-version, Web-based platform with the expertise of Reval’s Hedge Accounting Technical Taskforce (HATT).

Companies use Reval to minimize the risk associated with complex business, valuation and accounting requirements for a broad range of derivatives in interest rate, foreign exchange and commodity asset classes. Leveraging industry best practices, Reval users implement better approaches to effectiveness testing under stringent accounting rules such as FAS 133, IAS 39, and CICA 3865.

 

About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

For more information, visit www.reval.com or email info@reval.com.

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