- Why Calastone?
Calastone, the global funds transaction network, has been honoured as a leading technology innovator, having been awarded the Tech Tour Innovation Award, recognised for its technology-led innovation for the global funds industry.
The award is voted for by Tech Tour, one of Europe’s largest and most prestigious investor communities, and counts as its representatives some of the most active investors and leading technology entrepreneurs and organisations. Receiving the Innovation Award marks a major achievement and vote of confidence from the European VC community for Calastone’s continued innovation within the mutual funds space, exemplified by the innovative use of Blockchain technology to bring greater operational efficiencies, cost savings and regulatory compliance to the mutual funds sector.
Winning the award, Calastone adds its name to a list of previous winners that are now household names when it comes to proven, successful technology innovators, including Soundcloud, Shazam, Klarna and Skyscanner.
Recently the firm announced its plan to migrate the technology at the core of its global transaction network to blockchain, underlining its position as a leading technology innovator in the financial sector. The company has already seen significant success since coming to market in 2007, having scaled fast from a UK domestic business to serving most the world’s leading and largest financial service organisations in 35 countries, processing more than seven million messages and £85 billion of transactions each month. The award win further cements Calastone’s continued, impressive growth in their field and the sustained progress the company are making in continuing to deliver technology innovation to improve the state of the funds sector.
On winning the award, Julien Hammerson, CEO Calastone, comments;
“We are thrilled to have been recognised as Tech Tour’s most innovative technology company for 2018. With Tech Tour representing Europe’s leading investor community and most innovative technology entrepreneurs, receiving an award, from such eminent industry peers, is all the more valuable.
Speaking on Calastone’s award, William Stevens, Managing Director, Tech Tour, adds;
“Each year we look to showcase the most innovative growth companies in Europe, and Calastone is a clear example of the impact innovation can have to further industry standards, and at a global scale. The awards, now in their twelfth year, serve to recognise not just successful technology innovators of today, but also the technology leaders of the future. Calastone has demonstrated significant growth and ongoing innovation in their field. Certainly a “one to watch”, we are very excited about the path the company is on, and what’s to come for 2018 and beyond.”
About The Tech Tour
Founded in 1998, Tech Tour provides a Community facilitating investment into world class entrepreneurs with event and online matching platforms between growing and emerging innovative companies and investors across borders, regions, sectors and stages. www.techtour.com
For more information, please contact:
|FTI Consulting LLP
|Ollie Bailey-Pratt / Darius Alexander
|Tel: 020 3727 1000