New York, December 12, 2007 -- Savvysoft announced today the company has won top rankings in every analytics category of the prestigious Risk Magazine 2007 Customer Satisfaction Survey. This includes an incredible three #1 rankings in analytics, where no other firm had more than a single #1 ranking.
Savvysoft ranked #1 in Cross Asset, #1 in Interest Rates and #1 in Credit. Savvysoft also ranked #2 in Structured Products in a virtual tie for #1, #4 in FX, #5 in Equities, and #2 in Commodities, for top rankings in every single analytics category. And outside analytics, Savvysoft finished #3 in the hotly contested Market Risk Management category. When assessed across all derivatives software providers, including those with multiple products costing as much as fifty times more, Savvysoft scored a remarkable #3 overall. It is noteworthy that Savvysoft was the only analytics vendor to finish in the top 10 overall.
“As well as we did last year, we ranked even higher this year,” said Rich Tanenbaum, Savvysoft founder & CEO. “This validates our mission to provide only the highest quality products, services, and support to the most sophisticated derivatives users in the world, and not to be the McDonald’s of derivatives software. We’re especially gratified that our customers think as highly of us as we think of them.”
As the accompanying article notes, “Savvysoft’s performance in the rankings is a remarkable achievement.” Savvysoft has continued to be at the forefront of technological innovation this year, including the market’s first Libor Market Model to employ a multi-factor recombining tree, making it up to 50 times faster and more accurate than Monte Carlo simulation. Savvysoft’s offerings have also been extended to cover the latest accounting standards, including FAS 157 and FAS 159, and the firm is responding to the global sub-prime crisis with models to value illiquid securities.
Several of Savvysoft’s customers were quoted in the article, noting “the company scores high on the flexibility of its software” and that “Savvysoft gets its edge in the quality of support it offers” with “phenomenal customer service.”
Full results of Risk's Financial Technology Survey are available in Risk's December 2007 edition.
Savvysoft is a New York City-based provider of high-caliber OTC derivatives analytics, portfolio and risk management systems, and market-implied corporate default rates. Savvysoft’s analytical products handle OTC derivatives in many markets including: equities, interest rates, FX, commodities, convertiectricity, energy, and credit. Savvysoft products are used by over 3000 institutions in 15 countries worldwide. The institutions include top-tier banks, dealers, brokers, money managers, energy suppliers, corporate treasurers, auditors and consultants. Savvysoft was founded by Rich Tanenbaum, the head of Derivatives Research at Bankers Trust (now Deutsche Bank). Rich was a founding member of the first OTC derivatives desk on Wall Street at Bankers Trust. Savvysoft's corporate headquarters are located at 17 State Street, 4th Floor, New York, NY 10004 U.S.A. Tel: +1 212-742-8677; Fax: +1 212-425-8677; Web: www.savvysoft.com, www.calc4web.com.
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Contact: LeeAnn Chen (212) 742-8677 leeann@savvysoft.comCopyright © 2004-2024, Options Unlimited Research Corp. |