Numerix Recognized as 2012 Microsoft ISV/Software Solutions Industry Partner of the Year

Today, Numerix proudly announced it has won the 2012 Microsoft ISV/Software Solutions Industry Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in research and implementation of customer solutions based on Microsoft innovation.

"This prestigious award validates the financial services industry's demand for our best-in-class derivatives pricing, valuation and risk analytics that leverage Microsoft research including Windows Azure and SQL Server," said Steven R. O'Hanlon, President and COO of Numerix. "With our Azure-enabled Numerix CrossAsset and Portfolio solutions, clients can get the right answer faster by bursting calculations to public, private or hybrid cloud environments. As a result, our clients save time, money and are empowered to make better trading and risk management decisions. This is an important milestone in our ongoing relationship with Microsoft, and underscores our strategic commitment to continue aligning our efforts in the best interest of our mutual clients. "

The ISV/Software Solutions Industry Partner of the Year Award honors the ISV partner that has demonstrated leadership excellence in developing and delivering Microsoft platform-based software applications to mutual customers while the past year. The winning partner was acknowledged as the most valuable software applications business partner to the Microsoft worldwide field. The award acknowledges a partner that added business value to clients by deploying new and innovative software solutions based on Microsoft technologies.

"Microsoft is pleased to recognize Numerix as ISV/Software Solutions Industry Partner of the Year for its success in using Microsoft-based software solutions to address the challenges of managing risk and valuing complex derivatives portfolios. The award underscores how their innovative use of cloud computing has allowed them to dramatically reduce calculation times for their clients. By meeting the needs for financial services, insurance and corporate treasury clients with its solutions, Numerix has delivered bottom-line business value for the organizations it serves." - Walid Abu-Hadba, corporate vice president, Developer and Platform Evangelism, Microsoft Corporation