Boston client reporting firm Vermilion celebrates major growth year
April 11, 2016, Boston: Vermilion Software Inc., the leading supplier of client reporting and communications software, today announces a 50% percent growth in new clients over the last 12 months.
The Boston firm (which sells primarily to asset managers, wealth managers, hedge funds and asset servicing firms and has over 40 successful project implementations under its belt in North America) has instigated some important product enhancements over the last twelve months, but the firm’s primary focus remains on delivering successful implementations that provide tangible business benefits.
“Between March 2015 and March 2016 we secured nine new clients, many of them household names in investment management and including one in a new territory for our company - Canada,” said Ben McCormack, Senior Vice President, Vermilion Software Inc. “New signings included Principal Global Investors.”
In November 2015, Vermilion made history in becoming the first vendor to ever win the ‘Best implementation’ category at the Buy-Side Technology Awards for three years in a row, this time for its deployment at Newark, New Jersey-based Quantitative Management Associates LLC (QMA). It also won the category for ‘Best buy-side client reporting platform’ for the second year in succession.
McCormack: “The last twelve months have been a period of rapid growth for our business. We have completed 17 implementation projects, plus nine Proof of Concepts. Our Boston staff numbers have grown by 25 percent in the last year and we have moved into prime office space on Congress Street that is 200 percent bigger than our previous premises.”