Sources inform ''Globes'' that, following 26% growth in sales in 2009, financial services software developer SuperDerivatives Inc. will plans to boosts its workforce, mostly in sales, by 10% this year. The company will also pay employees a bonus equal to one month's salary.
SuperDerivatives fired several employees over the past 18 months, worried that the global financial crisis would affect sales. In fact, the crisis boosted its operations. The company develops software for real-time support and analysis of options, risk management, and the valuation of investment portfolios. It also maintains an information portal on derivatives and online trading tools.
According to IVC Online, SuperDerivatives had $40 million in sales in 2008, which means that 2009 sales exceeded $50 million. The company expects 30% sales growth in 2010.
Most of the growth in 2009 was in the second half of the year, especially in the fourth quarter, in which sales were 35% higher than in the corresponding quarter of 2008. SuperDerivatives said that it was profitable, and that it also expects sharp profit growth in 2010.
Published by Globes [online], Israel business news - www.globes-online.com - on January 27, 2010
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