KRM22 PLC KRM22 announces new customer contracts
29 November 2018 - 6:01PM
RNS Non-Regulatory
TIDMKRM
KRM22 PLC
29 November 2018
KRM22 plc
("KRM22" or the "Company")
KRM22 announces new customer contracts signed by Irisium and
ProOpticus
KRM22 plc, (AIM: KRM) the technology and software investment
company that focuses on risk management for capital markets, today
announces the signing of two new customer contracts for Irisium and
ProOpticus.
Irisium will provide its market monitoring and analytics
application to Bitstamp, the largest cryptocurrency exchange by
trading volume in Europe. Bitstamp will use Irisium to monitor
market activity, as they continue to increase transparency,
integrity and confidence in the cryptocurrency market. Bitstamp is
amongst the four cryptocurrency exchanges that have provided
pricing data for the Chicago Mercantile Exchange's (CME)
cryptocurrency indices since 2016. KRM22 acquired 60% of Irisium on
4 June 2018.
ProOpticus' real-time post-trade portfolio risk management
application will be provided to a large Futures Commission Merchant
based in the Midwestern United States. KRM22 acquired ProOpticus on
25 September 2018.
Keith Todd CBE, Executive Chairman and Chief Executive Officer
of KRM22 commented:
"KRM22 was established to transform the way capital market
organisations manage risk, by building a Global Risk Platform and
growing the businesses we invest in.
I am delighted that these two customer contracts for Irisium and
ProOpticus show further validation to the approach we are taking,
and the growing need for risk management software in all sectors of
capital markets."
For further information please contact:
KRM22 plc via FTI Consulting LLP
Keith Todd CBE, Executive Chairman and CEO
Karen Bach, COO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220
0500
Carl Holmes / Kate Bannatyne - Corporate Finance
Alice Lane / Sunila de Silva - ECM
FTI Consulting LLP
+44 (0)20 3727 1000
Matt Dixon / Jamille Smith / Debbie Oluwaseyi Sonaike
Ends
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM
on 30 April 2018. The Company has been established with the
objective of creating value for its investors through the
investment in, and subsequent growth and development of, target
companies in the technology and software sector, with a focus on
risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22
helps capital market companies reduce the cost and complexity of
risk management - a fundamental challenge that erodes their
profitability and constrains opportunities to generate alpha.
Through the KRM22 Global Risk Platform, KRM22 offers a modular
application portfolio addressing risk management challenges across
risk domains, covering market, regulatory, technology and
operations risk, and across these domains as enterprise risk to
assess, monitor and manage the increasing correlation between
them.
Capital markets companies' partner with KRM22 to optimize risk
management systems and processes to improve profitability and
expand opportunities to increase portfolio returns by successfully
leveraging risk as alpha.
KRM22 PLC is listed on AIM and the Group is headquartered in
London, with offices in several of the world's major financial
centres.
See more about KRM22 at KRM22.com.
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END
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