COR Financial Solutions (COR-FS), international provider of asset management and banking software, has been selected as one of 100 fastest growing UK based technology companies by The Sunday Times Microsoft Tech Track 100.
COR-FS has shown compound growth of 120% between 2001 and 2004 with revenues growing from £1.9m to £9.4m, making it one of the fastest growing technology companies in its sector. The company has grown primarily through a series of acquisitions and is now poised for further organic growth, with profitability expected during 2005. COR Financial Solutions currently has more than 200 customers in 21 locations across EMEA, the US and the Asia-Pacific regions, including 7 out of the top 20 global asset management companies.
Steve Osborne, Chairman said, “We are pleased to be included in such a group of high growth, high technology companies. COR’s acquisitions have been successfully integrated to create a product-line which our customers value and which is poised to generate profits next year.”
Chris Brooke, Business Development Director said, “The COR-FS team has done well to achieve this impressive growth, through both acquisition and organic development activities, all at a time when the wider financial technology sector has been in the doldrums. Inclusion in the league table is a welcome reward for our efforts.”