George Roth, President and CEO of Recognos, Inc. a Silicon Valley based software developer, announced today the formation of a new venture – Recognos Financial LLC. Recognos Financial will provide specialized market data, custom software /application development services, and operational support for data tagging, formatting and cleansing. Recognos Financial is a collaborative venture between Recognos and Joe Carvalhido and Luis Baez, the original founders of Xcitek Inc., a well known and highly regarded award winning market data vendor whose assets were acquired by Interactive Data Corporation in 2007. Mr. Roth said, “bringing together data, technology, and services is a natural for the financial services industry particularly in light of the emerging semantic technologies that provide far greater meaning and insight into data of all types. Combining our technical skills with the data expertise of Joe Carvalhido and Luis Baez provides the basis for the next generation of data providers in terms of new data products, how they are distributed, and how they are used by clients. Our goal is to bring disparate data and data types together to deliver new meaning, context, and efficiencies to each member of an organization based on their specific responsibilities.”
Joe Carvalhido, Managing Director stated, “having been in the data business for many years it is very exciting to be partnered with an innovative technology firm that is on the cutting edge of the new technologies that will revolutionize the data business. Having expertise in tools like XBRL and the new semantic technologies in-house, positions us well to be in the forefront of this revolution. The possibilities are endless and we look forward to introducing several of our new data products to the market in the coming months.”
About Recognos
Recognos, Inc. est. 1999 is a diverse software and applications development firm established in August 1999, in San Rafael, California. Recognos is an ISO 9001:2000 certified company for the implemented Quality Management System. Recognos is not a traditional outsourcing firm; rather it predominately develops systems by leading end-to-end processes, from requirements gathering to final implementation. Recognos has developed: A) Complex systems for Investments: – Portfolio Engineering Tool – Trade Order Management System – Commission Reconciliation Processor – Employee Trade Compliance – CRM extensions B) Banking Systems: – Risk management applications (scoring, credit/debit cards management system, POS management system, credit management system, – CRM system (Customer Relationship Management System) – Complex informational infrastructure (messaging system, integration with the Intranet) – Interfaces with existing applications and core banking systems. The major clients of Recognos include: Fisher Investments, National Directory Information Services, Transylvania Bank, Cluj, Romania