New York, August 25, 2004 -- Savvysoft, the market leading provider of derivatives software, has once again ranked number one in Euromoneys annual customer satisfaction survey of financial technology. Savvysoft earned five #1 rankings, and five #2 rankings, easily distancing itself from the pack.
Savvysoft ranked #1 in:
Portfolio Management: Overall (97.34)
Portfolio Management Benchmark (97.34)
Portfolio Management: Decision Support (97.34)
Portfolio Management: Performance Attribution (97.34)
Operation: Regulatory Reporting (90.10)
Savvysoft ranked #2 in:
Portfolio Management: Performance Measurement (96.34)
Operation: Overall (90.15)
Operation: Accounting (90.19)
Trading and Dealing: Overall (92.91)
Trading and Dealing: Pricing Engine (92.65)
In terms of the number of top rankings, no other firm came close. In fact, Savvysoft finished with the top 3 positions in half of the categories. This comes on the heels of Savvysoft being rated the #1 derivatives analytics vendor in Risk Magazines customer satisfaction survey of derivatives software.
Euromoneys survey covered nearly 70 financial technology companies (products from the largest global players in the industry, and the ratings were given by users of each product).
"Last year, we were extremely pleased with the high marks our customers gave us for our software, and for our support," said Rich Tanenbaum, President and Founder of New York-based Savvysoft. "Were delighted to have done even better this year, and it reflects the fact that we are not going to rest on our laurels."
Savvysofts products include TOPS for pricing derivatives structures across all markets and asset classes, TOPS-Book and STARS for portfolio management across all asset classes, FreeCreditDerivatives.com and FutureDefaults for market-implied default probabilities, and TurboExcel for converting spreadsheets to C++ DLLs.
Full results of Euromoneys Financial Technology Survey are available in Euromoneys August 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. Savvysofts analytical products handle OTC derivatives in many markets including: equities, interest rates, FX, commodities, convertibles, MBS, electricity, energy, and credit. Savvysoft products are used by thousands of 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.turboexcel.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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