Sophis is a leading provider of portfolio and risk management software for banks, hedge funds and asset managers.
With 300 staff and revenues in excess of €70 million for 2007, the company focuses on the derivatives market which has very good long-term prospects driven by the increasing demand for regulatory and risk management tools.
The company’s particular strengths are its two unique products: RISQUE, a derivatives and processing solution dedicated to sell-side institutions and VALUE, a one-stop shop system aimed at the buy-side. Combined with Sophis’ high-quality engineers and its ability to adapt quickly to their clients’ needs, this provides a solid foundation for long-term growth in the financial software industry.
In 2007, Pascal Xatart joined Sophis as CEO after a successful career at Linedata Services, where he served as group CFO in Paris and MD of the Boston-based Asset Management division. Arnaud Vinciguerra, who has been with Sophis from the start 20 years ago, is leading the R&D division.
Going forward, the focus is on strengthening the firm’s leadership in continental Europe while accelerating its international expansion in the US, the UK and Asia. The company will invest significantly in R&D to maintain its current competitive advantages and build a real customer service function to respond to the specific needs of their market.