74% New Revenue Growth and C-Suite Hires for BlueMatrix
24 Julio 2024 - 3:00AM
Business Wire
Six months on from Thoma Bravo’s strategic
investment in the global investment research publisher, the
business is going from strength to strength
BlueMatrix, the world’s largest publisher of investment
research, has announced that, since the start of 2024 and a
strategic growth investment by leading software investment firm’s
Thoma Bravo, new revenue has grown an impressive 74% on the same
period last year. BlueMatrix is doubling down on its investment in
its clients through a growth strategy that includes strengthening
its leadership team with two major C-suite appointments. Its new
Chief Financial Officer and Chief Revenue Officer have over 40
years of combined experience in scaling software companies within
the financial services landscape.
Joining BlueMatrix’s leadership team, overseen by Chief
Executive Officer and President Patricia Horotan and alongside
Chief Operating Officer Mirko Consolascio, is Ben McFadden,
appointed as Chief Financial Officer. He brings more than 15 years
of enterprise software strategic finance expertise. He was
previously Head of Finance at Nintex, a leader in global automation
software, and Revalize, a quote-to-cash provider for manufacturing.
His prior experience includes five years as a sell-side equity
research analyst at Keybanc Capital Markets focused on
infrastructure software.
Ben McFadden commented: “I witnessed BlueMatrix’s trajectory
firsthand seven years ago as a sell-side equity analyst and now I
get to be a part of this exceptional team. My focus is on
maintaining our impressive 97% customer retention, enabled by our
international expertise, industry-leading products, and outstanding
service. With Thoma Bravo's strategic investment too, I believe the
future for BlueMatrix is very bright indeed.”
Also joining BlueMatrix’s leadership team is Bryan North-Clauss,
appointed as its Chief Revenue Officer. Most recently, he held the
position of Chief Revenue Officer at Truv, after leading
AlphaSense's financial services sales division, where he
contributed to growing its annual recurring revenue by 350% and
productivity per salesperson by 400%. Earlier in his career, Bryan
held senior roles in fixed income sales at Deutsche Bank, Morgan
Stanley, Citi, and Lehman Brothers. His career began as a founding
member of software firm JobDirect.com, acquired by Korn/Ferry.
Bryan North-Clauss stated: “This is a pivotal moment for me to
join BlueMatrix and contribute to its ambitious expansion plans
following January’s strategic investment by Thoma Bravo. Six months
in, my focus remains on reinforcing our market dominance and share
in our core verticals. For instance, 75% of all sell-side research
is published using the BlueMatrix platform, highlighting our strong
product-market fit and commitment to delivering world-class
service. Moving forward, we aim to invest further in our clients'
success to drive future growth.”
BlueMatrix’s continued growth strategy will focus on moving to
new markets, including Europe, APAC region, and South America, to
deliver technical expertise and client experience to a new audience
of global clients. There will also be increased focus on enhancing
the innovation that optimises workflows, scalability, and deep
integration across its entire product suite to meet the evolving
needs of its worldwide client base.
Patricia Horotan, Chief Executive Officer and President of
BlueMatrix, said: “Our plans to expand our platform and portfolio
of products for existing and new clients alike will not only
reinforce our world-leading status, but bring the most advanced
investment solutions to new generations of investors. Working with
my leadership team, and in partnership with Thoma Bravo, we are
excited to take BlueMatrix to new markets and new audiences.”
Founded in 1999, BlueMatrix employs 147 people, with 42% in the
US and 39% in Romania. Expansion into new markets, including
Europe, APAC region, and South America, is planned for the second
half of this year, highlighting the company's international
growth.
BlueMatrix offers fully integrated, cloud-based solutions for
the entire investment research production workflow, including
content creation, compliance approval, distribution, hosting, and
analytics. This comprehensive suite positions BlueMatrix as the
only global platform covering the complete investment research
lifecycle.
About BlueMatrix
BlueMatrix, the world’s largest publisher of investment
research, is a pioneering SaaS provider connecting content
publishers and readers. Since 1999, BlueMatrix has developed
advanced research-creation and distribution software for the
financial services sell side, serving over 800 banks and
institutions worldwide and supporting the production and publishing
of 1.4 million items annually.
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version on businesswire.com: https://www.businesswire.com/news/home/20240724453243/en/
Melanie Dias +44 (0)7443 243 012 bluematrixuk@fleishman.com