January 22, 2009—Cachematrix the leading provider of institutional money market fund trading software and back office solutions for banks and financial institutions, announced today that assets invested through its licensed software portals and customized cash trading systems grew by over 175% in 2008.
This growth rate is indicative of the trend that corporate treasurers are placing far more emphasis on using web-based electronic trading technology for investing and managing their core and operating cash. Cachematrix is in the unique position to provide Banks and Financial Institutions with technology solutions to offer their corporate clients that addresses these needs.
“2008 was a good year for Cachematrix, as we now power trading systems for twelve different Global Banks and Financial Institutions,” said Cachematrix CEO, George Hagerman. “We remain the only Software as a Service (SaaS) firm in the nearly 4 trillion dollar money fund space that builds, deploys and maintains these systems for many of the worlds largest financial institutions.
Other 2008 highlights include:
About Cachematrix Holdings, LLC
Cachematrix is the leading financial software provider (SaaS) of on-line institutional trading systems for
banks and financial institutions worldwide, providing turnkey solutions for money market portal technology,
as well as fixed income and variable NAV trading systems. Cachematrix enables banks and other financial
clients on-line access to a choice of institutional funds and a convenient, single source platform for
managing them, including access to comprehensive analysis, online trading, and account management.
