New York, NY – March 22, 2010 — Wesley Clover Solutions, a leading provider of IP voice communications platforms for financial trading firms and command and control centers, today announced growth in year-over-year revenue of 30 percent, significantly improved gross profit margins and a record backlog of orders entering 2010. The company also saw a large increase in its client base to more than 100 systems deployed worldwide.
Despite the global recession and financial crisis, Wesley Clover Solution’s business continued to grow with important new multi-site customers and displacements of legacy turret and PBX systems. The expansion into the command and control sector increases its addressable market allowing for diversification of their customer base.
"Very few firms in our sector can say that their business grew in 2009, much less by 30%. I think it is proof that our value proposition is compelling and that we have a management team capable of executing in an environment of extraordinary adversity,” said Peter Madsen, President and CEO of Wesley Clover Solutions.
Chris Corridon, Senior Vice President of Marketing added, “What we offer
is a new approach to mission-critical communications. As awareness grows
of what we can do to reduce complexity, cost and risk in the transition
from Legacy to IP technologies, customers are turning to us to help them
with their most important business operations in trading floors and command
Milestones supporting Wesley Clover Solutions growth include:
Wesley Clover Solutions www.wesleycloversolutions.com designs, sells, installs and maintains voice communications platforms for financial trading organizations, global enterprises and command and control environments. Wesley Clover Solutions meets the growing demand for expertise in managing the transition from legacy to next-generation IT solutions while reducing risks, complexity and costs. Wesley Clover Solutions has deep domain expertise in mission-critical voice communications technology and experience installing and supporting real-time trading infrastructure.