ClusterSeven, a provider of enterprise spreadsheet management software, increased the uptake for its software in North America and Europe since fall of last year.
The firm reported nine new contract wins, consisting of seven investment banks and two hedge funds.
To support the rapid expansion of the business, ClusterSeven has added several critical positions to the organisation, including a number of sales and support staff located in both New York and London.
An alliance and business development manager will look after building strategic and new relationships to strengthen the relevancy of solution sets across markets. In addition to growing the market, he will also assist the firm in its understanding of regulatory issues.
Mike Finta, the latest strategic hire, has accepted the role of global vice-president of product development and will be based in London. Finta will extend ClusterSeven’s product and market reach globally and look into expanding the firm across other major hubs in North America.
Finta joins ClusterSeven from Searchspace, a vendor of anti-money laundering software where he was head of development.
“2007 has already been a very positive year for us and we have generated a significant amount of new business,” says Steve Semenzato, CEO, ClusterSeven. “As North America is the base for global banking and capital markets we have invested heavily in this region. The hire of Mike Finta will enable us to continue this growth, taking full advantage of his knowledge of market drivers, including enhanced compliance efforts such as SOX 404 and IAS39 to reduce operational risk.”