Asset managers such as Aviva and BNY Mellon use this firm’s financial software to streamline client reports and communications. Two technology specialists left their jobs at a large, City asset manager to found the business in 2003, and last year Vermillion raised £2.5m from a consortium led by Maven Capital. Under chief executive Marcus Noble, 55, and boosted by new regulations that favour automated reporting processes, sales grew to £5.6m in 2014. The firm has bases in London, Edinburgh and Boston in America, and last September it opened an office in Singapore to target the financial centres in the Asia Pacific.
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