Beacon Platform and Simplex Announce Continued Business Alliance Agreement
The partnership will seek to expand Beacon Platform’s footprint across the APAC region.
Simplex Inc. selected Beacon Platform in October 2016 to develop Genesis, a next-generation enterprise trading and risk management system. The joint development period has been successfully completed, and the two companies will continue their partnership. The next phase of the business alliance will involve the commercial sale, licensing, and distribution of the respective products as well as deeper collaboration between the companies to provide further value-added solutions and services for its customers.
”By integrating Beacon Platform with our financial expertise and systems integration technologies, Simplex has been providing unparalleled, innovative solutions to our top-tier banking clients. We are very glad to see tremendous success from our past joint developments, and are looking further for more synergy and bigger success through our new partnership," says Ryunosuke Matsutake, Executive Principal of Simplex Inc.
“It is an honor to have been selected by Simplex as a platform to build atop and deliver its solutions. We believe it further validates the capabilities of Beacon Platform and bolsters our Partnership Ecosystem,” says Ryo Shimizu, Representative Director, Beacon Platform K.K., who oversees the APAC franchise of Beacon Platform Inc.
About Simplex Inc.
Established in 1997, Simplex Inc. provides consulting, system development, maintenance, and operations to some of the largest banks, asset managers, and insurance companies in Asia. With more than 20 consecutive years of profitability, Simplex has served more than 50 clients. The company is headquartered in Tokyo with offices in San Francisco and New York. Simplex employs more than 1,000 financial and software engineers and has invested significant capital to build a next-generation software solution for the financial services industry.
About Beacon Platform
Beacon is revolutionizing the financial services industry by empowering quantitative developer teams and business users. Founded by the team of senior technologists who worked with SecDB at Goldman Sachs and created Athena at JP Morgan and Quartz at Bank of America Merrill Lynch, Beacon is the only vendor on the market that gives clients underlying source code, a developer platform, and infrastructure services so that clients can own the full technology stack. Clients benefit from Beacon's next-generation platform for enterprise-scale analytics, trading, risk management, and more.