Perfect Information Bolsters Salesforce

Financial News, July 27, 2003 | Go to article overview

Perfect Information Bolsters Salesforce


Byline: Melanie Wold

Perfect Information, a corporate finance and debt capital markets database provider, is growing through partnerships and acquisitions and is expanding its salesforce to match its development.The company is a corporate filings database that scans unimpeachable images from documents for the securities industry. It stores information on subjects that include initial public offerings, debt and company reports.

Greg Simidian, the managing director of Perfect Information, says: "We were the spotty adolescent of the information industry, but now we're the strong, young adult."

Two thirds of Perfect Information's income derives from investment banking. The firm says it has 400 clients with 50,000 contracted users.

Simidian says since he joined Perfect Information four years ago it has grown from losses of [pounds sterling]920,000 ([euro]1.3m) on turnover of [pounds sterling]1.2m to profits of [pounds sterling]1.1m on [pounds sterling]4.3m of revenue. He was recruited from Dow Jones, where he was sales and marketing manager of its interactive news retrieval service.

The company, which has an office in New York, is finalising an acquisition which will push it further into the big league and give it an Asian office, says Simidian. "We were UK-centric: now we're global," he says. …

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