MOUNTAIN VIEW, Calif. - Infinity Financial Technology Inc., a maker of derivatives trading and risk management software for banks and trading firms, said its revenues rose more than 100% in 1994.
It was the fifth consecutive year in which the company doubled its revenues from the previous year.
The company's growth was driven mainly by sales of its software package, known as Montage, to major financial institutions, including Chase Manhattan Corp. and Chemical Banking Corp.
Neil Wright, vice president and division executive of global derivatives operations at Chase, said Infinity's software overcomes "the 'build versus buy' debate by allowing firms to do both. Montage gives us a solid head start in building a customized system over which we have complete control."