CONTINUED GROWTH IN THE FOURTH QUARTER AND LAUNCH OF ITIVITI
COMMENTS FROM CEO TORBEN MUNCH:
“The fourth quarter saw continued growth in our business, with new clients and significant sales momentum across all geographical regions. In particular, the APAC region performed well, reflecting an increasing interest in pan-Asian trading among existing and new clients. Our reliable and flexible platform enables clients to capitalize on this trend, while remaining compliant in a diverse and complex regulatory environment. A large proportion of the new sales is not yet reflected by revenue figures for the quarter, due to the lead time between order dates and recognition of revenue.
Looking back at 2015, we joined forces with two companies (Tbricks in January and CameronTec through our parent company in October), culminating in the launch of Itiviti in February 2016. We are entering this year with high expectations for our new combined offering, providing clients with a unique vehicle to capture market opportunities at a lower cost and with better performance.
The establishment of Itiviti as our new company and brand name is a logical step in the process of optimizing the marketing and delivery of products and services from the former Orc and CameronTec organizations. This combination is more than a sum of two parts, as it enables us to address new and exciting market segments and to serve a broader range of client needs.”
Orc is a global market leader in electronic trading technology for listed derivatives. Successful trading desks depend on Orc to deliver unrivaled next-generation derivatives trading and electronic execution solutions, which they require to stay ahead of the competition.
Dedicated to long-term partnerships and continuous innovation that delivers results, Orc serves the needs of leading trading firms, market makers, banks and brokers worldwide. With 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world’s key financial centers, Orc offers true global capabilities.
Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay fully focused on their core trading activities.
In October 2015, Orc joined forces with CameronTec, the global standard in financial messaging infrastructure, to the most powerful trading and connectivity technology offering for capital markets.
Orc is owned by Orc Group Holding AB, which in turn is majority-owned by Nordic Capital Fund VII.
For more information visit: orc-group.com
CEO Torben Munch, phone: +46 8 506 477 35
CFO Tony Falck, phone: +46 8 506 477 24
The information in this year-end report is subject to the disclosure requirements of Orc Group Holding AB under the Swedish Securities Exchange and Clearing Operations Act and the Financial Instruments Trading Act. The information was released for publication on February 18, 2016, 8:00 a.m. CET.
N.B. The English text is a translation of the Swedish text. In case of discrepancy between the Swedish and the English text the Swedish version shall prevail.