Largest SaaS and Fastest-Growing Provider in Treasury and Risk Management (TRM)
New York – Reval announced today that it is the largest Software-as-a-Service (SaaS) TRM provider by revenue and the fastest-growing provider in the Top 10 TRM application vendors ranked in 2014 by Apps Run the World (ARW), a leading ICT market research firm that specializes in covering the $100-billion+ enterprise applications market.
Reval’s year over year revenue growth in 2013 of over 20% places it number eight on ARW’s list of the Top 10 TRM application vendors, globally. ARW’s list is part of its latest market-sizing report on the global TRM applications market. ARW projects the TRM market to reach $3.5 billion in software revenues by 2018 at a CAGR of 9.3% after topping $2.2 billion in 2013.
ARW analyst Albert Pang reports that “…multi-tenant Cloud delivery of TRM applications will grow the fastest [at 23 percent] through the forecast period because of the proliferation of online services and regular software updates that are easier to distribute, scale and consume around the globe.” Pang also says, “Growth in the TRM applications market will not be distributed evenly. License sales are projected to grow less than 5% over the next five years as conventional software implementations are being replaced by Cloud delivery for cost and accessibility reasons.”
“The founders of Reval leveraged the cloud before it was called the cloud to deliver on their vision of an advanced SaaS solution for the underserved corporate treasury market,” says Reval Chief Marketing Officer Justin Brimfield. “It is clear that the combination of Reval’s expertise and its one-to-many SaaS delivery model has had an impact on how the most complex organizations in the world operate as an innovative community of users.”