Formicary expands into Canada - opens new office in Toronto; Responds to growing market and demand for financial IT expertise
(M2 PressWIRE Via Acquire Media NewsEdge) Toronto -- Formicary Ltd, a software and systems integration provider, has opened an office in Toronto to meet the growing demand for its financial IT services. The new branch (
www.formicary.ca) will offer trading systems integration and clearing solutions, as well as Formicary's collaboration group chat services.
Formicary has worked in the region for over two years, building relationships in the financial community and developing its reputation for delivering sophisticated solutions quickly and cost-effectively. The company offers in-depth expertise that is not always available in-house, helping Canadian financial institutions to meet the technology requirements of implementation, migration and integration of the key banking trading platforms, Calypso, Murex and Misys Summit FT.
Formicary also provides solutions that will enable Canadian financial institutions to increase the value of persistent Group Chat and instant messaging. A Microsoft Gold Partner and a RIM Alliance Member, Formicary Collaboration Group, is the leader in group chat solutions, offering off-the-shelf software, Group Chat implementation and migration, and bespoke development including Blackberry Playbook applications.
Alex Millington, a director at Formicary who has worked in North America for more than ten years, will head up the new operation. He explains, "The demand for financial IT services in Canada has seen strong growth in recent years and given the on-going changes in the regulation and structure of financial markets, effectively integrated systems are more important than ever. We are regularly approached by Canadian institutions for our technical expertise in trading systems integration and unified communications platforms. Building on our established businesses in Europe and the US, we believe the time is right to formally expand our business into the region".
About Formicary Ltd Formicary is a leading provider of consultancy and integration software to the financial services industry. We specialise in implementing, augmenting and building integrated technology solutions that streamline business processes in the front, middle and back office for clients ranging from tier one investment banks to hedge funds and fund administrators. Our strategic business focus combined with in-depth expertise in areas from legacy computing models to cutting edge technologies helps clients improve their productivity, performance and return on investment. Founded in 2000 in the UK, the company has offices in Europe, North America and Asia Pacific.
Notes to editors For more information, please contact: Angeline Cheng, Formicary Ltd,
+44 (0)20 7920 7106,
angeline.cheng@formicary.net Or Kate Alexander,
+44 (0)7788 584413,
kate@alexander-pr.co.uk Nikki Alvey,
+44 (0)7973 354706,
nikki@alexander-pr.co.uk ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at
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