lobal Investment Systems (GIS), an accounting software and transfer agency for the securities industry, marked its 10th straight year of 20 percent growth last year. GIS, which is based both in Hackensack, N.J., and in Dublin, Ireland, services more than 3,500 mutual funds and portfolio accounts. Its clients include outsourced service providers.
, CEO and president of the global concern, pointed to his firm's revenue-pricing model for its success. GIS charges on a quarterly basis, essentially renting its software, and by usage volume. He notes that his firm's competitors are catching on to the model and are following suit.
In the U.S., Wilson expects to add one-to-two people each in sales, support and programming this year. In the past decade, GIS grew from five employees to 50 worldwide. In 2002, GIS created 10 new positions - six in the programming division and four in sales and support. GIS gained 12 new clients worldwide in 2002.
The firm's European and Asian business has also continued a 5-year track record of significant growth.
GIS offers MFACT, an accounting and administration system used by hundreds of mutual funds and trusts worldwide, and MSHARE, a transfer agency and shareholder record keeping system used by both retail and institutional investment funds.
Also, GIS enhanced MFACT by developing new pricing interfaces with FRI Corp. and FT Interactive Data. It also formed a strategic alliance with GainsKeeper to offer an automated solution to wash sale calculations.
Stay ahead of the news ... Sign up for our email alerts now