Risk management and compliance software supplier Lombard Risk Management (LRM) says that trading for the year to March 2011 is in line with expectations and it could be even better if more deals are signed before the end of March.
LRM is benefitting from banks and financial organisations having to do more regulatory and risk management reporting.
A strong sales pipeline means that LRM should continue to win more contracts. From 2012, there will be additional mandatory expenditure on regulation, including Basel 3 and Solvency 2
Paul Tuson has been appointed as finance director.
At 4.38p a share, LRM is valued at £9.05m.
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