Glue42 exceeds 2022 revenue projections, positioning itself as the vendor of choice for simplified desktop integration solutions for buy-side and sell-side institutions of all sizes.
new york, March 3, 2023 /PR Newswire/ — Nori 42is a company that provides a seamless desktop experience to financial institutions around the world and delivered an impressive performance in 2022, exceeding forecasts and achieving record revenue growth of 400% year-over-year.
Desktop interoperability – the ability to integrate different applications on the desktop and blur the boundaries between them to provide users with a seamless experience (straight-through workflow) – has been the ultimate for financial institutions for some time. was the goal of The COVID-19 pandemic accelerated this demand as banks, brokers, and wealth managers realized the benefits of consolidating their trading applications, and today’s hybrid work environment is fueling this growth.
In 2022, Glue42 continued to meet market demand for desktop interoperability and enjoyed explosive growth in licensing revenue within major financial institutions and the fintechs that support them. The company also added a record number of new customers from fixed income and equities, investment, wealth management, retail banking and pensions.These are included alliance bernstein, Broadridge, Numis, In addition to repeat transactions from existing customers, such as
“Glue42 prioritizes partnerships and operates with a level of integrity and passion that drives our success,” said a senior developer at Tier 1 Global Bank.
“We have reached an inflection point in the market,” he said. James Wooster, COO of Glue42. “Large financial institutions realize that when they want their apps to work together, they don’t need to install cumbersome interoperable containers. Glue42 not only invented the concept of install-free desktop integration, It is ideally placed to take advantage of the growing use of Progressive Web Applications (PWA).”
On top of that long list, Glue42’s impressive growth innovation in interoperability, It has also attracted many new partners to its network in 2022, including Symphony. single track, ChatterQuant more.
This impressive growth has required many new hires, including business subject matter experts, UX designers, and software engineers who have helped advance the Glue42 product roadmap and build domain-specific solutions. Glue42 also further strengthens its client and partner success capabilities to support its growing client base and vendor ecosystem.
James Wooster The company cites the release of the Glue42 server in 2022 as one of the reasons for its continued success. “Glue42 Server is a unique platform that enables our customers to implement projects faster than ever. We no longer need to create an end infrastructure service, it’s ready to use out of the box.”
This sentiment was echoed by many clients who attended the company’s first client forum in 2018. new york We plan to come back later this yearMore London and new york.
“The Glue42 Client Forum has been invaluable for us to connect with thought leaders in our industry, share stories and best practices, and raise the bar for the future,” said the UX director at an investment bank.
And with 2023 set to be another record year for Glue42, the company isn’t going to slow down. As that pace is expected to accelerate within the greenfield realm, fiscal year 2023 will see the largest increase in business investment ever, including a record increase in marketing spending. Glue42 also Asia Pacific Support the growth plan there.
From a product perspective, Glue42 will release three new products in the first half of 2023, and will continue to update its two main products, Glue42 Enterprise and Glue42 Enterprise, on a regular basis. Glu42 Core+based on client feedback and iterations.
Most recently, Glue42 has TradingTech Insights Award for A-Team Awarded Best Smart Trader Desktop Environment 2 years in a row.
Note to editors:
Straight-Through Workflows is a trademark of Glue42 AB.
Glue42 is an award-winning desktop integration platform that provides a one-stop shop for building the best integrated desktop experiences for Tier 1 financial institutions worldwide.
Glue42’s mission is to blur the boundaries between applications by enabling cross-application workflows and workspaces, app stores, centralized notifications, global search, and more to be created on the financial desktop, regardless of the underlying technology. to create a seamless desktop experience for end users.The company is based on London, new york,Sofia.
Contact on behalf of Glu42
Email: [email protected]