Glue42 breaks growth records and turns to new markets

Hires former OpenFin veteran to accelerate sales expansion

NEW YORK, August 3, 2022 /PRNewswire/ — Glue42, the company that provides integrated desktop experiences for financial institutions around the world, announced today that it is heading for a banner year. In the first half of this year, the company doubled its 2021 revenue, preparing for annual growth of at least 300% by the end of 2022.

This growth is the result of a growing number of global banks, asset managers, brokers, advisory firms and providers recognizing the benefits of the company’s long list of interop innovations. Only last month the company announced the signing of AllianceBernstein and was rewarded Best tool for business efficiency. The latter was not the first award the team won this year. He was also recognized as Best Smart Trader Desktop Environment and the forerunner of desktop integration.

In addition to explosive growth in licensing revenue, Glue42’s success can be attributed to the significant and rapid expansion of capital markets expertise across its businesses, a growing set of solutions and a more diverse partner ecosystem, taking the company into new market segments. and geographies.

“Despite market volatility, we are exceeding our 2022 revenue guidance,” said James WoosterCOO, Glue42. “The need for simplified desktop integration solutions with related workflow and process improvements means that we are now the provider of choice for buying and selling institutions of all sizes.”

“We expect to end the year on a high note with new customers in other verticals such as energy and transportation, and regions such as Asia Pacific“, he continued. “Part of this growth is the result of the evolution of our partner ecosystem. Increasingly, we are adding strategic partners who are making Glue42 an integral part of their consumer financial services applications and product suites. These opportunities represent an important new marketing channel for us. Plus, it extends our reach to the branch and consumer world.”

Since its inception, Glue42 has been on a mission to reinvent the desktop. The result is a set of platforms, tools, and support services that simplify the user experience and minimize development effort. By integrating data and orchestrating user interfaces, users can now assemble internal, third-party, legacy, and web-based systems into Direct™ workflows faster and easier than ever, accelerating digital transformation and improving business results.

More recently, the company released Glue42 Core+ to allow businesses to build and deploy their own workspaces with nothing more than a web browser. This installation-free platform offers unique features, including connectivity to locally installed apps such as Bloomberg and Fidessa, as well as continued support for FDC3, notifications and chat integration.

“Many of our users are digital natives, and they expect their desktops to work the same way their cellphones do,” said Reena RaichuraDirector, Head of Product Solutions, Glue42. “These users want intelligent, integrated desktops to support their workflows. They want desktops that are workflow and data driven. Therefore, centralized alerting, acceleration, and management workflows and tasks have become a key focus for many businesses.”

“We’re also seeing how the importance of chat as an end-to-end workflow and collaboration tool is growing,” she continued. “Then we will prepare for the scale of the Internet and new markets.”

“None of this would have been possible without an exceptional team,” said James Wooster. “We have hired people across the organization supporting areas such as sales, pre-sales, solutions, business development, partnerships, marketing and operations, and we will continue to expand our team of aggressively. As we enter new segments and markets and expand our partner ecosystem, we will reinforce our growth with more new hires. We couldn’t be more excited about this prospect. The future is promising.

To further support this growth, Glue42 recently appointed industry veterans in various fields of endeavor. Tim Camuti, formerly at JPMorgan Chase & Co, will lead design and UX efforts. Hailing from Eventus and Bloomberg, Roger Chandler will support the growing network of partners. Feroze Beebeeyellowformerly of FactSet, joins the sales team. Michael Horley, formerly at Hyperscience, will lead customer success. To finish, Simon Morris joins OpenFin to strengthen sales activities globally, including a focus on the APAC region.

About Glue42
Glue42 enables organizations to create intelligent desktops that support configurable workflows between web and desktop applications. Its integration platforms seamlessly and securely orchestrate user interface and data and leverage open source initiatives such as FINOS FDC3 to reduce application delivery times and accelerate return on investment. The company is based in London, New Yorkand Bulgaria. With over 45,000 licenses, its software is deployed in leading financial institutions around the world. https://glue42.com/why-glue42/

Contact on behalf of Glue42
ASCEND-
Simona Cotta-Ramusino / Tinne Teugels
E-mail: [email protected]

SOURCE Colle42