PRESS RELEASE

1 June 2016 – FOR IMMEDIATE RELEASE

StratexSystems unveils new R&D centre in Seville

Nearshore operation will complement the work of London team and bring benefits in cost and time to market for provider of SharePoint-based Enterprise Governance, Risk and Compliance (GRC) software

StratexSystems today announces the opening of a branch office in Seville, Spain. A major new initiative, it will operate primarily as a research and development facility, and support a wide range of activity across the company's global customer base.

The move will allow StratexSystems to take advantage of a fresh pool of design and engineering talent at a time when such talent is in heavy demand in London and the wider UK. Anticipated benefits include rapid on-going development of the company's acclaimed StratexPoint Enterprise GRC (Governance, Risk and Compliance) software and StratexStudio app, while providing bandwidth to bring to market innovative new products and Big Data services.

It is being supported by IDEA, the Andalusian Innovation and Development Agency, which helps foreign businesses put down roots and establish effective working relationships with prominent local institutions such as schools and universities, social and government infrastructure and suppliers.

Says an IDEA spokesperson “We welcome this opportunity to work with StratexSystems and help develop its first branch outside the UK. It’s an exciting business with a track record of innovation.”

StratexSystems is actively recruiting and plans to grow the team of developers and designers rapidly over the next two years as demand for its GRC software and services continues to increase.

Andrew Smart, founder and CEO of StratexSystems, says: “The rationale for supplementing the London team with an R&D team in Spain is to address the challenges of attracting the kind of committed, top-level talent we need to support growth. In any case, the Spanish have a flair for design and technology, so we are excited about the new branch, excited to be welcoming new talent to the team and looking forward to seeing the fruits of their labour over the coming months.”

About StratexSystems

StratexSystems is a market-leading provider of an Enterprise GRC (Governance, Risk and Compliance) software solution to the global financial services industry and its regulatory bodies. Since 2010, StratexSystems has been challenging the traditional GRC and risk management providers with its integrated approach and proven track record of delivering real, tangible and measurable return on investment and business value.

Through the deployment of the company's StratexPoint solution, clients have been able to significantly reduce the volume and value of their operational losses, leading to reductions in their regulatory capital, improvements in their credit ratings and improvements in their cost of capital. Because StratexPoint is built on the Microsoft SharePoint platform, clients can leverage their existing technology investment and deploy the solution across the enterprise to embed risk management and, specifically, risk appetite at the heart of strategic and operational decision-making.

To find out more, visit www.stratexsystems.com

or email andrew.smart@stratexsystems.com

For information about IDEA, visit www.agenciaidea.es/web/eng

ENDS