TIM Group (formerly youDevise) was named for the first time as one of only two financial software providers in the Tech Track 100 list of fastest growing private technology companies in Britain. The league table is published by the UK Sunday Times and is sponsored by Microsoft, Barclays Corporate and BDO.
Founded in 2002 in the City as a web-focused financial technology provider by Colin Berthoud and Richard Koppel, TIM Group has become a worldwide leader pioneering the development of "alpha generating" technology and services, which are used by institutional money management and brokerage firms and their administrators to maximise the value of their intellectual property and generate increased revenue.
TIM Group sales have grown an average of 40% over the last three years to ten million pounds sterling in 2011, with a staff of 100 working out of offices in London, New York City, Boston and Hong Kong. TIM Group has more than 1,000 clients including most of the largest buy and sell side firms in the UK and throughout Europe, North America and Asia Pacific. Clients also include leading third party administrators, custodians and funds of hedge funds.
"The inclusion of TIM Group in the Tech Track 100 list shows we've grown fast, but what is important is the substance behind the growth. We've generated increased revenues worth hundreds of millions of dollars for our clients," said Mr. Koppel. "We expect that growth to continue. We will continue to work with our service provider customers, such as brokers and administrators, to generate new revenue by helping their clients to improve their investment performance."
TIM Group recently changed its name from youDevise, adopting the name of its widely used, market-leading online alpha capture service, the Trade Idea Monitor (called "TIM" by its users). "TIM" has been renamed TIM Equities. TIM Group's other leading online service, the Hedge Fund Information Provider for funds of hedge funds, has been renamed TIM Funds. A new product line, TIM Services, provides clients with consulting and analytics.
TIM Group is highly regarded for its full range of alpha generating technology and services. For example, last week it launched TIM Equities Research, which helps institutional brokerage firms analyse and maximise research-based commission revenues. "Investors are constantly looking for new sources of alpha," explained Mr. Berthoud. "We work with their service providers to unlock the alpha contained within their organisations."
Now in its 11th year, The Sunday Times Microsoft Tech Track 100 league table, which considers growth over the past three years, is compiled by Fast Track, the UK's leading face to face networking events and research company. It focuses on top performing private companies and entrepreneurs.
Please visit: http://www.fasttrack.co.uk/fasttrack/leagues/tech100programme.html
About TIM Group
TIM Group provides alpha generating information technology, consulting and services to the financial services industry. The company's focus is on helping buy and sell-side firms and administrators maximise their intellectual property to generate more revenue.
TIM Group currently has three product lines:
- TIM Equities is the leading online alpha capture system used by 1,000 buy and sell-side firms around the world to maximise the value of analyst research and trade ideas.
- TIM Funds is the leading online platform used directly by Funds of Hedge Funds or through their administrators and custodians for front, middle and back office management information and decision making.
- TIM Services provides value added consulting and quantitative analysis.
TIM Group is employee owned with outside venture capital investors that include Commonwealth Capital Ventures of Boston, GrandBanks Capital of Boston, and JLA Ventures of Toronto. Please visit the Company's website at www.timgroup.com.
Contacts:
TIM Group
Natalie Hall, +44 (0) 20 7826 4308
Marketing Manager
natalie.hall@timgroup.com
or
Anreder
& Co.
Michael Shallo, +1-212-532-3232
Michael.shallo@anreder.com
