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The startup provides software-as-a-service products for derivative risk analytics in the face of growing regulations, particularly in the States.
“We’ve demonstrated that we are an innovative and effective developer of technology solutions for the financial community,” said Peter Rippon, the former COO and now CEO of OpenGamma. “This investment now lets us build from these solid foundations to become a world-class partner and provider of benchmark industry solutions.” “While OpenGamma cut its teeth on open source software, they have embraced the broader shifts in technology,” explained Bruce Golden, partner at Accel. “By focusing on delivering the best-in-class cloud-based, modular solutions for the financial markets, the firm is positioning itself to become the market standard for derivatives risk analytics.”
