February 11, 2011

Reval says demand for risk management, STP, drives new businessh

TORONTO--Reval, the premier provider of Software-as-a-Service (SaaS) solutions for corporate financial risk management, has added 70 new clients in 2010, generating 63 percent more new contract value than in 2009. As a
result, revenue grew over 43 percent. Demand for more risk management tools and straight-through processing drove new business.

In a year marked by volatile currency markets and rising commodity prices, Reval expanded key risk functionality and enhanced foreign exchange workflow to achieve true straight-through processing on its single-version SaaS platform. The company developed new exposure management tools, a cash flow at risk (CFaR) module, and integrated foreign exchange trade execution capabilities, making the end-to-end business process for corporate financial risk management both deep and seamless.

"We saw companies continue to invest in improving their business processes around treasury and risk management," says Reval CEO and Co-founder Jiro Okochi.  "The trend for Software-as-a-Service continued to pick up and is now more of a must-have requirement on RFP's."

Reval also acquired Austrian-based ecofinance, a provider of treasury management solutions for Germany-the fourth largest economy in the world-and surrounding central European countries. Reval's plans for 2011 include integrating ecofinance's proven technology with its own SaaS, to deliver an all-in-one SaaS solution for corporate treasury.

By the end of 2010, Reval supported 520 clients globally with 280 employees. The company also made Deloitte's 2010 Technology Fast 500T for its revenue growth of 348 percent over a five year period.

Reval provides an award-winning Web-based platform that automates corporate financial risk management for a wide range of interest rate, foreign exchange, commodity and credit derivatives. The world's leading corporations and financial institutions use this SOX-compliant Software-as-a-Service to support and execute hedging strategies from exposure capture through performance measurement and to comply with international and domestic accounting standards, including ASC 815 (FAS 133), ASC 820 (FAS 157), IAS 39 and IFRS 7. RevalR deploys rapidly and integrates easily with treasury management and ERP systems. The company's SaaS platform and team of financial experts are also available on an outsourced basis through Reval CenterT. Reval was founded in 1999 and is headquartered in New York, with regional centers based in Philadelphia, Chicago, San Francisco, Toronto, London, Frankfurt, Graz, Sydney, Hong Kong, and Gurgaon.