Tech Track 100

This company provides software that processes securities transactions for investment banks. Coexis says its Syn system took £40m and 500 man years to develop. Customers include middle and top-tier investment banks as well as the 24 state-owned cantonal banks in Switzerland. The company expects to grow strongly despite the economic downturn because back-office staff take the time to improve their systems when business is slow. Sales have increased 40% a year from £2.1m in 2004 to £5.7m in 2007 under the leadership of chief executive Sunil Shah.

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Company details
ActivitySecurities software provider
Average 3 year sales growth40.08%
Latest sales £000s5,675

If applicable:

* supplied by company † annualised figure