Validates Market Shift to Cloud Treasury and Risk Management Technology
Reval, the leading global provider of a scalable and integrated cloud solution for Treasury and Risk Management (TRM), announced today that it finished 2014 with a record-breaking fourth quarter, growing bookings by 103% over the fourth quarter in 2013.
In addition to its record-breaking fourth quarter, Reval brought 63% more companies live on its all-in-one platform in 2014 than in 2013. These companies are using both cash management and risk management capabilities on the same TRM platform. Among Reval’s Q4 clients across North America, EMEA and APAC are government business enterprises (GBE’s) in Australia and a major, US-based global IT leader in cloud security, all of which underscore Reval’s strength as a secure cloud TRM offering.
“More participants in the market are finding the scalability of our offering and its ease of use the ideal solution for supporting their growing treasuries,” says Reval CEO and Co-founder Jiro Okochi. “Treasury organizations at all levels of maturity want to be assured that as their business evolves, their treasury technology can support their changing requirements – both in functionality and sophistication. We are excited about the opportunity ahead in 2015 as we continue to see a wholesale transition to the cloud in treasury.”
Reval’s key developments in 2014 also include:
- Advancement into Japan with the opening of a Tokyo office in November and the appointment of Japan Country Manager Kazuo Nagasaki. Reval’s expanded into Japan to address the treasury technology needs of the country's cash-rich multinational corporations.
- The appointment of Executive Vice President, Global Sales John Mitchell, a proven leader with deep experience. Mr. Mitchell joins the executive management team in leading the company into its next phase of growth.
- $20 million in private financing from Goldman Sachs, bolstering Reval's competitive position in the industry as a powerful leader of innovation and high quality support.
- Ranking on the Deloitte 2014 Technology Fast 500™ for the sixth consecutive year, and appearing as the only treasury technology provider on the list. Reval was also recognized for several awards during the year for its innovative technology in cash management, risk management, and customer service and support.