SmartStream Technologies, a provider of Transaction Lifecycle Management implementations, is increasing staff numbers across its global operations by more than 40 new hires in the second half of its financial year.
The workforce expansion closely follows the appointment of Ken Archer as CEO and the TA Associates investment in September 2006.
“SmartStream has been a success story to date, but it’s the next chapter that will really excite our customers, our employees and our partners,” says Archer. “We’re making a significant investment in our company that will drive our business forward, scale our operations efficiently and ensure we continue to deliver market leading solutions that provide the highest return on investment to our clients.”
Andy Balchin has joined SmartStream as Chief Financial Officer. Balchin, who has previously held senior finance positions with Documentum and Symantec joined from SeeBeyond, where he was Vice President, Finance and Corporate Services EMEA.
“I thrive on working with fast growing companies and look forward to helping the team at SmartStream successfully scale their business to deliver even greater value to our clients and shareholders,” says Balchin.
In another senior appointment Richard Cummings has been promoted to the position of UK Regional Director. Cummings, who’s enjoyed a successful Management career with SmartStream, Reuters, Sungard and JPMorgan has been charged with leading SmartStream’s UK operation.
“This is a great opportunity,” says Cummings. “SmartStream’s unique ability to offer clients an integrated suite of Transaction Lifecycle Management solutions that address the most complex challenges in post trade automation is placing the firm on the radar of senior client executives across the industry. Our proven success in addressing issues of Compliance, Customer Service, Operational Risk and Cost Reduction with massively scalable, highly flexible, state of the art solutions makes us a compelling technology partner.”