|By Business Wire||
|September 17, 2012 11:03 AM EDT||
TIM Group was one of the fastest growing private tech companies in Britain, according to the Tech Track 100 league table published yesterday by the Sunday Times and sponsored by Microsoft and Barclays. This marks the second year in a row that TIM Group gained this recognition, and it also was one of only four financial software providers to make the list.
In the latest rankings, TIM Group achieved 38.26% sales growth, to £9.1million in sales for 2011. “We have found the City of London to be a great place in which to grow and nurture a global digital business focused on the financial services industry,” said Rich Koppel, CEO. “The credit goes to our developers, marketers and sales people, each of whom is highly creative and motivated, and the fact that they are serving an especially terrific group of bright and fast-thinking clients.
“Their interaction creates a steadily expanding cycle of product improvement that helps generate more revenues for clients, which, in turn, results in our ability to spur fresh growth and our ability to invest in our company and people.”
Now in its 10th year and with offices in London, New York City, Boston and Hong Kong, TIM Group has become a worldwide leader in the development of technology and products used by the financial services industry to unlock “alpha generating” value for their customers.
TIM Ideas is used by hundreds of hedge and quant funds and more traditional institutional investors to manage equity trading ideas generated by and sent electronically to them from thousands of individuals at institutional brokerages. TIM Funds, a companion product, is used by 25 organisations that invest in hedge funds and two administrators.
This year, TIM Group introduced TIM Ideas Top Performer Awards, which for the first time ranks the best performing equity sales people in Europe/UK and North America based on the value created by their trading ideas.
The Sunday Times Tech Track 100 league table, now in its 12th year and which considers growth over the past three years, is compiled by Fast Track, the UK's leading face-to-face networking, events, and research company. Its rankings include top performing private companies and entrepreneurs.
About TIM Group www.timgroup.com
TIM Group provides alpha generating information technology, consulting and services to the financial services industry. The company’s focus is on helping buy and sell-side firms and administrators maximise their intellectual property to generate more revenue. TIM Group is employee owned with outside venture capital investors that include Commonwealth Capital Ventures of Boston, GrandBanks Capital of Boston, and JLA Ventures of Toronto.