Modelity’s impressive track record over the last five years has earned it a prestigious 8th place in Israel’s Technology Fast 50 competition ranking. With a revenue growth rate of 3,314% over the 2002-2006 period (based on audited data), Modelity has secured its place as one of the leading technology companies in the country, and will now advance to participate in the regional Fast 500 competition as well.
About Technology Fast 50 and Fast 500
The annual Technology Fast 50 competition, conducted by Deloitte Brightman Almagor since the year 2000, recognizes and honors the 50 fastest growing technology companies in Israel, based on percentage revenue growth over the last five years. The competition identifies the trends currently shaping the fields of technology, media and telecommunications in Israel. Eligible participants are private or public companies that own proprietary technology, operating within any area of technology. This year’s awards ceremony tool place on October 29th, at the Hilton, Tel Aviv.
Israel’s Technology Fast 50 program is part of the Deloitte Global Fast 500 program, which is conducted in three regions: EMEA, North America and Asia-Pacific. Technology Fast 50 winners receive exposure and recognition from both media and business communities. In addition, all Israeli winners are invited to the Deloitte Technology Fast 500 EMEA competition, where they can network with other top-tier executives from the fastest-growing technology companies in the region.
Ido Freidlin, Modelity’s CEO, says: “The 2007 Fast 50 results clearly show Modelity’s position as a leading financial technology innovator and provider. Our rapid growth over the past five years is a direct result of the quality of our people and the clarity of our vision. We all look forward to a bright and exciting future.”
Modelity Technologies Ltd. is dedicated to providing financial institutions with a proven, value-adding financial modeling platform and products, enhancing competitiveness and improving service levels. Modelity’s product offering consists of a fully configurable, best-of-breed modeling platform to create and deliver analytic financial content. Modelity’s offering includes the following products:
Modelity/Structures: A comprehensive solution for the development and management of structured products, from product definition and testing to sales, advice and back office operations. Financial institutions can now strengthen customer relations and provide high levels of service and support throughout the product’s lifecycle by using the following Modelity/Structures capabilities:
Sales – Powerful simulation and demonstration features help advisors, sales persons and end-clients understand the behaviour of often complex financial products, increasing sales and ensuring customer satisfaction.
Operations – The Operations module integrates with the institution’s back office systems and handles calculations (pricing, payments, taxation) on a daily basis or on demand. Proactive event tracking enables clients to monitor product events by a variety of methods.
Support – Clear, detailed reporting reduces the incidence of client disputes (often caused by client incomprehension), and enables an unprecedented level of client support.
Modelity/Advisor: An enhanced management platform for multiple financial advisory processes in a multi-banking environment, providing advisors with client profiling, financial advice and planning, and control and management tools. Modelity/Funds: A platform that provides fund managers with decision support tools in the fields of portfolio optimization, risk management, performance attribution and more.
Modelity/Funds: A platform that provides fund managers with decision support tools in the fields of portfolio optimization, risk management, performance attribution and more.