Xenomorph: Manage, Cleanse and Analyze More Data Faster

Jun 16 2016 | 12:08am ET

Editor’s note: The experienced team at Xenomorph has developed software solutions for financial markets that enable both technologists and business users alike to manage, cleanse and analyze more data faster, as regulations continue to overburden asset managers and technology provides increasingly robust solutions to managing the massive amounts of data they encounter on a daily basis. 

Company name: Xenomorph

Locations:  London, New York and Singapore

Website: www.xenomorph.com

Fintech Sector(s): Enterprise Data Management, Market Data Management, Data Management for Risk and Regulation

Elevator Pitch: Our TimeScape EDM+ data management solutions enable both business and IT users alike to manage, cleanse and analyze more data, more quickly.

Year Formed: 1995

No. of Employees: 30

Stage: Profitable

Tell us a bit about your company and what it does?

Xenomorph believes that great decisions are made when everyone can easily access and analyze the same high-quality data. Based on this belief, we develop software solutions for financial markets that enable both technologists and business users alike to manage, cleanse and analyze more data, more quickly. These solutions include an Enterprise Data Management (EDM) system, TimeScape EDM+, and a cloud-based data publishing service, TimeScape MarketPlace, built on our award-winning data and analytics management technology, TimeScape Platform. Trading, research, risk, product control, IT and back-office staff use these solutions at investment banks, brokerages, insurers, hedge funds and asset management companies worldwide.

How is Xenomorph different than other companies in the same space?

We are an independent, profitable software and services company with more than 20 years’ of expertise in analytics and data management at financial markets institutions. No other company in the EDM sector has a product that can support every asset class, offer integrated support across all types of data and business objects and that has been designed for the full integration of derived data and analytics within a centralized, consistent and audited process. 

What is your revenue model? How will the company make money?

The main revenue model for the company is through the licensing of its software and services on a subscription basis. Additionally, Xenomorph and its partners offer implementation and consultancy services in support of this software and service provision. Clients receive software upgrades, maintenance and support services as part of their licensing. Xenomorph receives licensing annuities from each new licensing subscription, together with the healthy commercial tension of having to manage each client effectively to ensure subscription renewal. In addition to the existing software subscription model, the company’s new cloud services open up a one-to-many revenue model that is smaller in transaction size but more frequent than enterprise-scale projects. 

Who is your target market?

Investment banks, asset managers, insurance groups and hedge funds 

How big is the opportunity?

By 2019, banking and securities firms will spend $300 billion on third party IT services, according to a 2015 Gartner Industry Study. Within this market, we believe that 20x growth in revenues is possible for Xenomorph across data management and cloud services.  

Why are you and your team capable of succeeding?

The company has over 200 man-years of expertise in the practice and application of data management in financial markets. This expertise comprises both knowledge of business (financial theory and financial practice in trading, risk management and operations) and technology (database design, process management, analytics and visualization). Given this background, we have developed solutions with our clients that are uniquely placed to meet the challenges of the recent dramatic increase in regulation, requiring (and in some cases mandating) effective data management as a core operational competency. 

What is your company’s next target/milestone?

Our next milestone is the release of a major new version of our website in May which will contain much more video and business content on what we do and how our clients benefit from our services.

Can you tell us one unusual fact about your company?

The four founders of the company went to college together. Maybe a more unusual fact is that after 20 years of working together, we are still on speaking terms.

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