City Consultancy Rule Financial Flourishes Despite Market Turmoil
LONDON, September 20, 2010 /PRNewswire/ -- Rule Financial recognised for the third year in a row with a place in the Sunday Times Microsoft Tech Track 100.
Rule Financial http://www.rulefinancial.com a leading provider of business and IT consulting services to the financial markets, today announced that it has achieved a ranking in the prestigious Sunday Times Microsoft Tech Track 100; a listing of Britain's fastest growing private technology companies. Rule received this accolade for the third successive year with a compound growth rate of 39%, demonstrating consistent performance and growth across the full economic cycle.
The competition comes at a time when the full repercussions of the economic recession are being felt across the financial sector. In this austere environment, only the most dynamic, customer-centric consulting and technology firms have been able to sustain consistent growth.
This year, Rule Financial maintained its position in the rankings, despite strong competition from other emerging technical specialists operating in less troubled markets, demonstrating the enduring confidence placed in the business by its key clients, who have helped it to flourish despite the tough economic environment.
Dr. Chris Potts, CEO of Rule Financial, comments: "Being in the Top 100 for the third consecutive year is testament to the fact that you can succeed in a tough economic environment if you have the best calibre people, are nimble and can react to the needs of the sector in which you work. As a business that understands technology, banking and, just as importantly, people, it's great to get recognition for our hard work, and I'd like to thank everybody who works for us and with us."
Founded in 1997 by a group of senior banking professionals, Rule Financial has carved out a niche in the consultancy market by providing global banks with consultants and IT specialists to deliver often very complex strategic projects to meet demanding client requirements. These projects provide clients with greater cost-efficiencies, productivity and improved risk management, helping them to extract maximum value from their investments in IT systems.
Dr. Chris Potts continues: "Rule Financial has been well placed to adapt to the changing market thanks to our ability to offer an end-to-end service (that covers everything from consultancy to implementation) and our insistence on recruiting professionals who are considered experts in their field."
A wholly independent business employing over 350 people in London, New York, Barcelona and Lodz, Rule Financial is on track to maintain or accelerate its growth this financial year.
The 2010 Sunday Times Microsoft Tech Track awards dinner will be held at Vinopolis in London on Tuesday 16th November 2010.
About Rule Financial
Founded by Marcus Rule in 1997, our consultants and IT specialists at Rule Financial have been working alongside their counterparts at the world's leading banks, helping to improve productivity, manage risk, lower costs, and extract the maximum value from existing IT investments.
Our expertise in the management of change and risk, project delivery, compliance and understanding complex technology has helped us build long-term relationships based upon a solid track record of success.
Meanwhile, our prowess in system design, testing and rapid application development has earned us a powerful reputation.
In Securities Finance, Prime Services, Risk, Liquidity Management, Mobile Financial Solutions, Commodities and Legal, we are building on our practical experience to become the leading global specialist. Rule Financial services a range of global customers from offices in London, New York, Barcelona and Lodz (Poland).
Rule Financial has been one of the UK's top 100 fastest growing private technology companies for the past three years.
Rule Financial: one of the UK's fastest growing private Tech' companies for the third successive year.
"Consistent growth built upon consistent quality of service"
About the league table and Fast Track:
Now in its tenth year, The Sunday Times Microsoft Tech Track 100 league table is compiled by Fast Track, the UK's leading face-to-face networking events and research company focusing on top-performing private companies and entrepreneurs. In addition to its title sponsor Microsoft, the Tech Track 100 league table is co-sponsored by Barclays Corporate and BDO.
Fast Track has published league tables of private companies with The Sunday Times for the past 14 years, and its invitation-only events provide an opportunity for entrepreneurs to network and to meet sponsors. The company was founded and is run by Dr. Hamish Stevenson, who holds as associate fellowship at Green Templeton College, Oxford University.
League table criteria:
Companies are ranked by their compound annual growth rate (CAGR) in sales over their latest three financial years between 2006 and 2009, or 2007 and 2010. A minimum of 25 weeks' trading in the base and latest years was required. For financial years lasting less or more than 52 trading weeks, figures were annualised on a simple pro-rata basis. Annualised sales had to exceed GBP250,000 in the base year (2006 or 2007) and GBP5m in the latest year (2009 or 2010). Companies had to also show an increase in sales in their latest year, but not necessarily be in profit. Companies had to be unquoted, independent and registered in Britain. The research was carried out by Fast Track between May and August. The majority of companies were interviewed by telephone and more than four-fifths (88) were also visited by the Fast Track research team.
About Microsoft
Microsoft provides organisations with the technology they need to excel in their markets, based on Microsoft server, client and developer technologies as well as the comprehensive business applications offered by Microsoft Business Solutions.
About Barclays Corporate
The Barclays Corporate Technology, Media and Telecoms team have more than 40 sector-focused specialists located across the UK. They are working with more than 35% of all businesses operating in the sector and most of the listed UK TMT companies.
http://www.barclays.co.uk/commercial
About BDO
BDO LLP, the UK member firm of BDO, a global accountancy network with more than 1,000 offices in over 100countries.
http://www.bdo.co.uk
For more information about Rule Financial please contact:
Marie Cremona
e: [email protected]
t: +44(0)20-7826-4444
w: http://www.rulefinancial.com
SOURCE Rule Financial
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