New York, September 22, 2006 – Reval, a leading derivative Software-as-a-Service provider, announced the signing of its 100th client since going live with HedgeRx® in 2001. Reval specializes in front to back derivative risk management, specializing in complex hedge accounting rules under FAS 133 and IAS 39.
"Reaching your first one hundred clients is always an exciting milestone and we could not have done it without our early clients who took a chance on a new company and innovative technology" said Jiro Okochi, CEO and Co-founder of Reval. "I would like to thank all of our clients, strategic partners and the dedicated, hard working team at Reval for helping us get to this important stage."
Its flagship product, HedgeRx, is a truly hosted solution with all of its clients on a single version, benefiting from not having to deal with the hardware installation, software maintenance, security and redundancy.
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