Gissing Software, solution providers in the routing and transformation of real-time market and trade data, yesterday announced that its revenue grew by more than 40% from 2005 to 2006. Its headcount has also grown by 22% since the end of 2005 with the appointment of Paul Watmough as business development manager to the London sales team. He will be responsible for managing new business opportunities, particularly in the area of MiFID.
During 2006 Gissing Software won four new clients for Gissing ConteX MCS, its multi-contribution system which is used to meet the real-time data contribution needs of financial institutions. Four new clients were also secured for Gissing RealtimeXL, its high performance Microsoft Excel add-in, as well as significantly increasing the number of licences for RealtimeXL amongst its existing customer base.
Watmough’s appointment is expected to help the company gear up for further growth in 2007. With over 15 years’ industry experience, he joins Gissing Software from Speedwell Associates, an electronic trading solutions provider, where he was responsible for sales and marketing activities. Watmough also provided trading floor support, systems and business analysis at Barclays Capital as well as project managing the migration of all desktop trading software during the bank’s relocation.
Commenting on the company’s expansion, Mike Vierya, CEO, Gissing Software, says, “2007 is shaping up to be a year of growth for Gissing Software with issues such as MiFID helping to drive real-time market data contribution up the agenda of many financial institutions. We already have significant new business opportunities in the pipeline with both existing and new clients for Gissing ConteX MCS, Gissing RealtimeXL and our new range of MiFID products, as well as some additional major projects.” He continues, “We are continuing to grow our sales team to meet this demand. Paul Watmough will be responsible for helping us manage some of the new business opportunities we are seeing, and we also look forward to making further appointments over the coming months.”