New York, December 12, 2009 -- Savvysoft announced today the firm has won top rankings in virtually every analytics category of the prestigious Risk Magazine 2009 Customer Satisfaction Survey. This includes 4 Top 3 rankings, while no other analytics vendor had more than one Top 3 ranking.
The Risk Magazine 2009 survey was based on over 2,400 responses by top derivatives professionals from around the world. The survey has a margin of error of approximately 1%.
Savvysoft finished with top rankings in nearly every single analytics category. Savvysoft ranked #1 in Cross Asset and Risk Analytics. Savvysoft ranked #2 in Interest Rates, Structured Products, and Credit. Savvysoft ranked #4 in Commodities. When assessed across all derivatives software providers, including those with multiple products costing as much as fifty times more, Savvysoft was the only analytics vendor to finish in the top 10 overall.
“Every year the bar gets raised in the derivatives analytics field. As one of the few independent derivatives vendors around, we have a unique responsibility to not just stay current with market developments. but to excel. We seem to be thriving on the competition, which helps our clients succeed,” said Rich Tanenbaum, Savvysoft founder & CEO. “Ultimately, helping our clients is what it’s all about.”
Continued Tanenbaum, “Our results are even more impressive when you consider that we finished in a virtual tie for #1 in Interest Rates, as well, based on the margin of error of the survey. Had Risk rounded the numerical results, we would have actually come in #5 overall across all vendors in all categories.”
As the accompanying article states, “New York-based Savvysoft [is] a vendor that continues to punch far above its weight and has gained an intensely loyal following.” Tanenbaum commented “This captures the fact that we give each and every client the attention they deserve. We may not have the most customers, but we do have the most satisfied customers.”
Full results of Risk's Financial Technology Survey are available in Risk's December 2009 edition.
Savvysoft is a New York City-based provider of high-caliber OTC derivatives analytics, portfolio and risk management systems, and market-implied corporate default rates. Savvysoft’s analytical products handle OTC derivatives in many markets including: equities, interest rates, FX, commodities, convertibles, electricity, energy, and credit. Savvysoft products are used by over 3000 institutions in 15 countries worldwide. The institutions include top-tier banks, dealers, brokers, money managers, energy suppliers, corporate treasurers, auditors and consultants. Savvysoft was founded by Rich Tanenbaum, the head of Derivatives Research at Bankers Trust (now Deutsche Bank). Rich was a founding member of the first OTC derivatives desk on Wall Street at Bankers Trust. Savvysoft's corporate headquarters are located at 17 State Street, 4th Floor, New York, NY 10004 U.S.A. Tel: +1 212-742-8677; Fax: +1 212-425-8677; Web: www.savvysoft.com, www.calc4web.com.
All product names referenced herein are trademarks of their respective companies.
Contact: LeeAnn Chen (212) 742-8677 leeann@savvysoft.com
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