Financial sector boosts Zarion’s sales


13 Jul 2004

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Dublin financial software firm Zarion has reported a 58pc sales increase over the last two years. Its expertise in areas of regulatory compliance and workflow efficiencies have helped it outgrow Gartner’s worldwide valuation of the sector by 300pc and bring its annualised sales to over €5m.

“Our value proposition of enabling our customers to easily and quickly reduce operating expense levels and enhance their ability to comply with the ever-increasing demands of regulatory authorities has resulted in an expansion of Zarion’s business in Ireland, UK, Central Europe and the US,” says Zarion CEO, Gerry O’Connor. “As our results indicate, Zarion is well positioned to take advantage of the resulting opportunities and is rapidly becoming an emerging leader.”

Providing business process applications and solutions for the banking and insurance industry, Zarion’s recent customers include GMAC Commercial Finance, AIB, Irish Life and Permanent Group and Capita Life and Pensions.

Its TouchPoint2 solutions allow business managers to simplify, automate and integrate core processes, improving the way they manage business information, improving operational activities and improving regulatory compliance.

In 2001, venture capitalist 3i and Enterprise Ireland made a €4m equity investment in Zarion to help develop a new range of applications and solutions. The result was a 45pc increase in software sales in 2003.

By Ian Campbell