Charles River Development announced that it ranked 64th on the second annual American Banker/Financial Insights FinTech 100.
The FinTech 100 is a listing of the top 100 global technology and service providers in the financial services industry and is sponsored by American Banker, SourceMedia’s publication for banking and financial services professionals, and Financial Insights, an independent research services firm owned by IDC. Charles River, a provider of financial software and services to the global investment management community, was one of 30 privately held companies to make the list; of those, Charles River ranked seventh. This is Charles River’s second consecutive ranking on the FinTech 100.
“In such a competitive market environment, we are pleased to be recognized for our continued leadership and financial stability,” said Peter Lambertus, president and CEO of Charles River Development. “To succeed in this space, many firms are seeking acquisition or merger as a means of bolstering their capabilities and performance. Charles River, on the other hand, remains a successful, growing, independently owned order management system vendor and as such, we are able to take a market-driven approach. We are able to maintain focus on our clients’ needs and priorities, nimbly deliver functionality critical to the investment management process, and provide high levels of customer service – all while maintaining broker-neutrality.
“As a result, we continue to see strong interest in our products and services worldwide. Today we service over 185 investment managers across the globe and recently signed our 47th new customer contract for 2005,” he said.