Derivitec is a UK ISV focusing on cloud-based analytics for the financial industry.
We are a team of experienced finance professionals, have been in business since December 2011 and are just entering early adoption testing with a selection of users from the hedge fund and investment management space.
Our technology essentially allows users to access massively parallel calculation in the Amazon Web Services cloud, in addition to sourcing model ready market data from the same. Rather than having to invest in an expensive (and mostly unused) grid of computers to run end of month risk calculations (for example), clients pay for as much computation resource as they need, on a rolling monthly, or discounted yearly basis. This allows smaller players to run the same quality and depth of risk calculations as a tier one investment bank, a requirement which has received increasing focus since the crisis.