DENVER, CO--(Marketwire - January 22, 2009) -
Cachematrix the leading
provider of institutional money market fund trading software and back
office solutions for banks and financial institutions, announced today that
assets invested through its
licensed software portals and customized cash trading systems grew by
over 175% in 2008.
This growth rate is indicative of the trend that corporate treasurers are
placing far more emphasis on using web based electronic trading technology
for investing and managing their core and operating cash.
Cachematrix is in the
unique position to provide Banks and Financial Institutions with technology
solutions to offer their corporate clients that addresses these needs.
"2008 was a good year for
Cachematrix, as we now
power trading systems for twelve different Global Banks and Financial
Institutions," said
Cachematrix CEO, George Hagerman. "We remain the only
Software as
a Service (SaaS), or Cloud Computing, firm in the nearly $4 trillion
dollar money fund space that builds, deploys and maintains these systems
for many of the worlds largest financial institutions."
Other 2008 highlights include:
-- $2 Trillion in Trade Volume Processed Through
Cachematrix Software
-- 7,900 Total Institutional End Users -- 482% Increase
-- More Than a Dozen New Software Feature Upgrades Released to Include:
-- Enhanced Analytics and Reporting Software
-- Enhanced Corporate Compliance and Investment Policy Management
Software
-- Detailed Money Fund Research and Comparison Software
-- Comprehensive Money Fund Research Library of Over 10,000 Documents
-- Middle Office Portal Application Allowing Banks to Trade on Behalf
of Clients
About Cachematrix Holdings, LLC
Cachematrix is the leading financial software provider (SaaS) of on-line
institutional trading systems for banks and financial institutions
worldwide, providing turnkey solutions for money market portal technology,
as well as fixed income and variable NAV trading systems. Cachematrix
enables banks and other financial services firms to offer its corporate
clients on-line access to a choice of institutional funds and a convenient,
single source platform for managing them, including access to comprehensive
analysis, online trading, and account management. For more information,
visit
www.cachematrix.com.
Contact Information: For Further Information Contact:
Jim Etten
Cachematrix
303-468-5500 x103