January 28, 2010 10:04 ET

FRSGlobal Enters 21st Year Trading -- After Another Successful 12 Months' Business

BRUSSELS, BELGIUM--(Marketwire - January 28, 2010) - FRSGlobal, the only provider of risk and regulatory reporting solutions with coverage for 40+ countries on a unified platform, today announced that it signed 36 contracts in Q4 2009, bringing the total number of deals won last year to 94.

Over the last 12 months, FRSGlobal, who this year celebrates its 21st year of trading, also achieved:

--  Year-on-year revenue growth for the 21st successive year
--  Strong EBITDA in 2009: the best in the company's history
--  Number of employees up across the company's global operations

As a result FRSGlobal saw an increase in customer implementations -- and significant 2009 wins included:

--  ANZ selecting FRSGlobal's regulatory reporting tool, RegPro, to be
    implemented in 12 countries across Asia Pacific and Japan (APJ);
--  Barclays Capital continuing to roll out FRSGlobal regulatory
    reporting across APJ;
--  Government Savings Bank in Thailand selecting RiskPro for ALM;
--  Eight UK firms, including CIBC and SMBC,  signing up for FRSGlobal
    liquidity risk, stress-testing and reporting solution to comply with the
    FSA liquidity regime;
--  EFG International choosing RegPro for regulatory reporting in its
    branches in France, Spain, Luxembourg, Monaco, Hong Kong and Singapore;
--  SNS Reaal selecting the Solvency II solution;
--  Gruppo Bancario Credito Valtellinese (Creval) choosing RiskPro for
    ALM and Credit Risk;
--  Over 15 financial institutions in France selecting RegPro for the new
    Système Unifié de Reporting Financier (SURFI) regulatory requirements;
--  American Express selecting FRSGlobal for regulatory reporting for the
    United States and Canada;
--  Raymond James Financial selecting FRSGlobal's regulatory platform to
    provide reports to all of the major U.S. banking regulators.

Serge Minne, CFO and COO of FRSGlobal, said: "We are extremely pleased with our financial performance over the last 12 months, especially considering the environment in which we were operating. At FRSGlobal, a substantial percentage of the revenue is subscription based, which is important in providing a strong foundation for future revenue growth and EBITDA. As a result, the company will continue to invest in this extremely exciting and fast growing market."

Product development at FRSGlobal saw significant advancement including:

--  Multi-country regulatory reporting coverage increased from 30 to 40+
    countries, including China and Russia, with Japan nearing completion;
--  TNG "a new technology for regulatory management": the convergence of its
    enterprise-wide risk solution (RiskPro) and global regulatory reporting
    (RegPro) on to a single platform -- the only unified risk and regulatory
    offering in the market;
--  ReportBuilder TNG: a new web-based version of FRSGlobal's reporting
    solution for non-technical business users to build fully integrated,
    consolidated risk and regulatory reporting applications;
--  New application modules such as the liquidity risk solution that was
    launched in UK in May having been developed in conjunction with a peer
    group of financial institutions to ensure all business needs met. This is
    expected to expand for regional coverage in the upcoming year as more
    regulators adopt the liquidity regimes.

Steve Husk, CEO of FRSGlobal, added: "Strategic investment decisions in new technologies, applications and acquisitions that have got us to where we are today will continue to secure our success. A good example was our decision in 2008 to pioneer a unified risk and regulatory reporting solution built on a single data repository for both external (regulatory) and internal (management information) reporting. This brought together current R&D projects with the acquisition of Iris, a leading vendor of risk solutions based in Switzerland. Building on this initiative in 2010 we have been able to quickly and efficiently bring to market our UK liquidity risk reporting solution which we believe is a unique and unbeatable proposition."

FRSGlobal also claimed a list of industry accolades over 2009 including:

--  Financial-i award for most innovative regulatory reporting solution for
    third consecutive year;
--  Joint first for 'Completeness of Offering in the ALM and Liquidity
    Marketplace' in Chartis ALM and Liquidity Risk report;
--  One of 11 new technology providers that joined the FinTech 100 list in
--  Shortlisted for 'Compliance Project of the Year' for the Sumitomo Mitsui
    Banking Corporation (SMBC) project at the FST awards (winners to be
    announced in 2010);
--  Shortlisted for FSOkx Excellence Award 2009 for Excellence in Risk
    Management and Compliance Systems.

Steve Husk continued: "The whole financial industry is facing a new stage of evolution from statistical to prudential reporting and we are in prime position to provide the invaluable business intelligence needed to address it."

Contact Information


    Lauren Dearmer
    PR Manager
    Tel: +44 20 7539 6525
    Email: Email Contact

    Rebecca Bond
    VP Marketing
    Tel: +44 20 7539 6500
    Email: Email Contact