26 Jul 2011
We recently announced that our sales of £26m for the first half of 2011 have exceeded target. This follows an exceptionally strong 2010 which saw us deliver £38.3m in revenue, a 40 per cent increase on 2009 figures.
Recent company growth has been driven by our focus on developing and recruiting sector specialists who work closely with clients in London and New York, advising them on a broad range of issues from risk management to mobile and multiplatform trading deployments.
We are also responding to increasing client demand for complex systems development and integration with a combination of onshore and nearshore delivery of services. To meet this demand in the first half of 2011, we employed 30 more members of staff to our team in Poland and moved to larger purpose-built premises in Łódź.
We now advise 9 of the top 10 global investment banks, reinforcing our position as the leading independent sector-specialist provider of business consultancy and IT solutions for the investment banking market.
In the past six months, investment banks have relied on us for support with projects in areas such as OTC Derivatives Clearing, Collateral Management Optimisation, and Mutiplatform UX design and build for eTrading and Risk Reporting. We have also witnessed a growing demand for application support services to help banks deliver cost-savings and business efficiencies. We are now the leading provider of support for the Global One application.
More generally, in recent months we have continued to widen our scope; winning major global investment banking clients in London, New York and Singapore.
The continued expansion and successful delivery of services has culminated in our recent rebranding to reflect our enhanced specialist capabilities. As part of this rebranding, we have launched our new corporate website, providing additional value for clients by providing thought leadership within investment banking, operations and IT.
Commenting on our first half results, Chris Potts, CEO of Rule Financial, said: "Despite volatile market conditions, Rule Financial has delivered strong H1 sales performance and we expect this growth to continue in H2.
The growth of our business in Poland means we can now offer scalable, high-quality delivery capabilities for specialist areas of investment banking, providing the operational efficiency and flexibility that is so crucial for our clients. As we look to the second half of this year, I anticipate our growth will be driven by specific projects focused on complex systems integration, application support services and combinations of onshore and nearshore delivery.
We are also working closely with many clients on data loss prevention projects in light of the recent high profile data security breaches and the rise of whistle-blowing websites, such as, WikiLeaks."
