KRM22 announces new customer contracts

RNS Number : 8345I

KRM22 PLC

29 November 2018

 

KRM22 plc

("KRM22" or the "Company")

KRM22 announces new customer contracts signed by Irisium and ProOpticus

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, today announces the signing of two new customer contracts for Irisium and ProOpticus.

Irisium will provide its market monitoring and analytics application to Bitstamp, the largest cryptocurrency exchange by trading volume in Europe.  Bitstamp will use Irisium to monitor market activity, as they continue to increase transparency, integrity and confidence in the cryptocurrency market.  Bitstamp is amongst the four cryptocurrency exchanges that have provided pricing data for the Chicago Mercantile Exchange's (CME) cryptocurrency indices since 2016.  KRM22 acquired 60% of Irisium on 4 June 2018.

ProOpticus' real-time post-trade portfolio risk management application will be provided to a large Futures Commission Merchant based in the Midwestern United States.  KRM22 acquired ProOpticus on 25 September 2018.

Keith Todd CBE, Executive Chairman and Chief Executive Officer of KRM22 commented:

"KRM22 was established to transform the way capital market organisations manage risk, by building a Global Risk Platform and growing the businesses we invest in.

I am delighted that these two customer contracts for Irisium and ProOpticus show further validation to the approach we are taking, and the growing need for risk management software in all sectors of capital markets."

For further information please contact:

KRM22 plc                                                                                                                               via FTI Consulting LLP

Keith Todd CBE, Executive Chairman and CEO

Karen Bach, COO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                         [phone]
Carl Holmes / Kate Bannatyne - Corporate Finance

Alice Lane / Sunila de Silva - ECM

FTI Consulting LLP                                                                                                                  [phone]

Matt Dixon / Jamille Smith / Debbie Oluwaseyi Sonaike

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About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management - a fundamental challenge that erodes their profitability and constrains opportunities to generate alpha.

Through the KRM22 Global Risk Platform, KRM22 offers a modular application portfolio addressing risk management challenges across risk domains, covering market, regulatory, technology and operations risk, and across these domains as enterprise risk to assess, monitor and manage the increasing correlation between them.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes to improve profitability and expand opportunities to increase portfolio returns by successfully leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

 

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