After recording over 100 percent revenue growth in the last year while maintaining a strong cash position, Beacon has moved out of the initial startup phases and is now focused on accelerating product functionality and sales growth. As a result, they are building out the C-level team and rebalancing their executive portfolio to best respond to the needs of their clients and employees, and are pleased to announce a new role for Co-Founder Mark Higgins and the addition of Roger Blanchette as COO.

Dr. Mark Higgins, Beacon’s Co-Founder, is taking on the job of Chief Analytics Officer, focusing on the Beacon Platform Front Office Suite and the integrated business analytics that power it. Complex analytics and models built with machine learning techniques are becoming increasingly important for a wide range of risk management, asset pricing, and other investment decisions. Dr. Higgins’ advanced educational qualifications and deep financial industry experience in quantitative research and analytics make him the perfect candidate to lead this essential component of Beacon’s product offering. Prior to starting Beacon in 2014, Mark spent eight years at JPMorgan, launching and delivering the Athena project, co-heading the Quantitative Research group for the investment bank, and running the electronic market-making business for currency options. Before JPMorgan he spent eight years at Goldman Sachs as a strategist on the foreign exchange and interest rate market-making desks.

Roger Blanchette is joining Beacon as Chief Operating Officer, adding his operational and strategic experience growing software firms to Beacon’s portfolio of executive talent. Mr. Blanchette is a seasoned finance and operations executive, and will be an experienced member of Beacon’s executive committee helping to build on the company’s momentum in financial metrics, organizational efficiency, and employee engagement. “Beacon’s hypergrowth in this environment really validates the founders’ business thesis, developing a much-needed product that enables and accelerates the digital transformation of the financial services industry”, said Roger. Prior to joining Beacon, Roger served as Executive Vice President and Chief Financial Officer at Element AI, a global developer of artificial intelligence-powered solutions and services, which was recently acquired by ServiceNow. Before that he served in broad CFO and operational roles at several private-equity and venture-backed software and technology companies, building his experience and track record of proven financial leadership, strategy development, and operational execution.

“We are well into the scaling-up phase of a tech company, building momentum and transitioning from early adopters to the mainstream market. Our primary challenges are adjusting the company’s structure and hiring the right people to support our evolution. Mark and Roger bring an excellent mix of skills and experience to these roles, and will be instrumental in guiding Beacon through our next phase, as we accelerate our employee and revenue growth”, said Kirat Singh, Beacon CEO and Co-Founder.

About Beacon

Beacon Platform moves financial markets into the future with secure and scalable quant technology, elastic cloud infrastructure, and front-office applications. The integrated development environment and web application framework make developing applications faster and easier. Born from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase, and Goldman Sachs, Beacon Platform gives you the robustness and flexibility of these powerful tools. See how you can increase the return on research and development investments from Beacon’s next-generation platform for enterprise-scale analytics, trading, risk management, and more at www.beacon.io.