22/06/2010
IT2 Announces Strong 2009 Results
IT2 Treasury Solutions Limited, a leading provider of treasury
management software solutions to corporate treasuries and financial
institutions, reports strong growth across its business globally in
the fiscal year ended 31st December 2009. In terms of revenue,
turnover grew by +27% to GBP 9.733 million, with an EBIT (earnings
before interest and taxation) of +16% (GBP 1.619 million).
During the year, IT2 signed 19 new clients, including Costco
Wholesale Corporation, MAG Group, Etihad Airways, Schroder
Investment Management and Tyco International, bringing the
company's total number of clients to more than 230 worldwide. In
addition, IT2 completed 18 new client implementations and 28
upgrades.
IT2 Chairman Tommy Valther Hansen, partner at the private equity
fund CapMan - the main owner of IT2 comments: "I am delighted with
IT2's excellent performance. 2009 was a most challenging year for
the global economy. Nevertheless the demand for IT2's best practice
solutions remained strong in this demanding commercial environment.
When we invested in IT2 with the CapMan Technology 2007 fund, we
were looking to create permanent and long-term added value. We are
happy to make continued robust reinvestment of profits in the
company, which has consistently proved its growth potential and
profitability over the last three years. In particular, I am
satisfied to see that our strategic goals for the North American
market are being fulfilled beyond our expectations".
"IT2 has a strategic commitment to continued growth and
profitability through the delivery of superior business solutions
for our clients," adds Kevin Grant, IT2's CEO.
"We are maintaining a high level of sustained investment in
software and services delivery infrastructure: our professional
team grew by more than 30% over the year and we have invested in
upgraded regional offices to ensure we have the delivery and
support capabilities to live up to our success. I am very pleased
to verify that the market is responding well, and that in addition
to securing prestigious new reference clients, many existing
clients have shown their support by adding new modules of our
product suite or by extending their use of the IT2 system within
their global operations. IT2 benefits from its unique positioning,
as the only global player solely focusing on the treasury space -
and providing a fully integrated treasury management solution."
Enquiries regarding this announcement should be
addressed to:
Tatiana Liber, Marketing Director, +44 (0) 20 8741 3553,
Tatiana.Liber( at )it2tms.com
Kelvin Walton, Marketing Manager, +44 (0)20 8600 4131,
Kelvin.Walton( at )it2tms.com
About IT2 Treasury Solutions Ltd.
(www.it2tms.com)
IT2 Treasury Solutions is a leading provider of treasury
management software to corporate treasuries and financial
institutions. The IT2 TMS is a fully integrated best practice
solution that supports treasury in its entirety, fulfilling cash,
debt and investment, financial risk, treasury accounting and hedge
accounting requirements. Founded in 1982, the company is located in
New York, London and Hong Kong and serves over 230 customers
worldwide, including Abbott Laboratories, A. Schulman, Chiquita
Brands, Hyatt, Hysan Development Co., GSK plc, Marriott, Pirelli
International, Tyco International, Volkswagen International Finance
and Volvo Financial Services.
