FINCAD Announces 21% Sales Growth to New Clients in the First Half of 2011

Vancouver and Dublin - 7 July 2011

FINCAD, the market leader for innovative derivatives solutions within the finance industry, has seen 21% growth in sales to new clients during the first half of 2011. The company also saw more than 500 completed deals during the same period, and an additional 54 new clients were added to FINCAD’s user base.

“Over the past 20 years, our solutions have been licensed to more than 4,000 organizations in over 80 countries,” said Bob Park, President & CEO, FINCAD. “Part of the reason we’re so pervasive is that we focus in being as customer centric as possible – we continually listen to our customers and respond by providing them with the quality solutions they need. New product offerings like F3 and Fair Value Insight give our users the functionality they require. Constant development is pivotal to our staying power and why we continue to see our sales grow.”

This significant growth has been attributed in part to FINCAD’s product innovation over the past two years. While known for its FINCAD Analytics Suite products, FINCAD has also released Fair Value Insight and the entirely new and legacy-free F3 family of products. Fair Value Insight is a web-based system that provides automated valuation and hedge accounting reporting needed by corporate treasuries and small banks. F3, released in 2010, is the award winning suite of software solutions that give users the flexibility to price virtually any deal and provide detailed, comprehensive risk reports using FINCAD’s patent-pending Universal Risk Technology(TM).

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