Posted on July 5, 2013 by

StratexSystems announces impressive client wins in the first half of year for its ERM Solution

StratexSystems announces impressive client wins in the first half of the year for its Enterprise Risk Management Solution.

London, UK. July 5th, 2013 – StratexSystems announced today that it has seen a significant increase in the number of clients in the first half of 2013. Included within their recent client wins are two of Europe’s largest Central Banks/Financial Services regulators, one of the largest global asset management firms, six insurance companies as well as a FTSE100 defence company. Additionally, a number of organisations are piloting the StratexPoint solution, including their first firm in the water industry, whom has recently completed a pilot deployment with positive results.

The number of clients highlighted above is significant as it demonstrates that the StratexPoint solution has been adopted by a wider range of organisations and is being applied to address needs beyond Enterprise and Operational Risk Management in Banks.

Having two of Europe’s largest Central Banks/Financial Services regulators as StratexSystems clients can be seen as a strong validation of their solution’s integrated approach to strategy and risk management. Furthermore, gaining an asset management firm and several insurance companies into the fold reflects StratexSystems’ concerted efforts to acquire clients across the various facets of the financial services industry.

Additionally, wins within the defence and water industry reflect the success StratexSystems are having with building and expanding their partner channels.

Adoption by a defence company to use StratexSystems’ solution is of particular interest as StratexPoint was selected as the software platform to enable the deployment of a business-led, information asset-centric, enterprise-wide cyber security framework.

This builds on StratexPoint’s strength as an operational risk management tool and highlights the importance of cyber risk management as a critical component of an overall operational risk management framework and solution.

These client wins are the result of continued efforts to increase their profile through a co-ordinated sales & marketing approach. Included within the approach was an Executive Breakfast Briefing in the City [London] during which two existing clients, Aldermore Bank & HML presented their risk journey and experiences with StratexSystems. They are also finding success via their sponsorship of the Institute of Operational Risk (Scottish Chapter).

Andrew Smart, CEO, StratexSystems stated, “The first half of the year has seen our team and solution gain real traction and momentum. Our clients continue to face challenges around delivering their numbers in the face of higher capital charges and a wave of regulation. The introduction of a twin peaks regime has added to their challenges, with conduct risk being a new area where StratexPoint is helping.

Adding such important organisations to our client list is a strong endorsement of our solution and its on-going development in response to market and customer demands.”

Guy Sutton, Sales Director, StratexSystems said, “We are extremely pleased with our successful start to 2013.  With the success achieved to date and the momentum built, we are looking to make 2013 a break-through year, both for our business and for clients.”

 

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Notes to Editor

To interview a spokesperson, please contact: james.reeve@stratexsystems.com

For more information about StratexSystems visit: www.stratexsystems.com.

About StratexSystems

StratexSystems is the only software company in the world to provide an integrated, Risk-based Performance solution powered by Microsoft’s SharePoint platform.

Their goal is simple – to help businesses execute strategy while operating within their acceptable level of risk exposure.

 

About StratexPoint

StratexPoint is an integrated Strategy Execution and Risk Management solution built on the ubiquitous Microsoft SharePoint platform. With support for each of the three lines of defence; the solution is comprehensive in nature but modular in deployment, delivering a high ROI, high user adoption and high levels of assurance to your Board and Regulator(s) that you are operating within appetite.