ForwardThink Group Hits Significant Growth Milestones in 2011

NEW YORK--(EON: Enhanced Online News)--Today ForwardThink Group, one of the fastest-growing management and IT consultancies in the NYC area, announced that 2011 was another year of significant growth for the company. Since its foundation in 2008, ForwardThink has consistently grown revenues at a pace exceeding 50 percent per year. The company’s client base has grown to 15 financial services institutions and includes many of the world’s largest global banks, brokerage firms, insurance companies and wealth management firms.

“Our team has a unique blend of corporate and consulting experience, enabling us to provide practical solutions to many of the challenges facing the financial services industry.”

Robert Shinbrot, chief executive officer of ForwardThink Group said, “ForwardThink has become a leader in addressing the needs of the top financial services firms by creating real world solutions that align with their business needs. We expect growth and expansion across all lines of business in 2012, as the financial institutions we serve continue to require systems, processes, and procedures to navigate new regulations, execute on new business growth opportunities, and thrive in a competitive environment.”

ForwardThink's solutions combine deep business knowledge with a focus on business and technology strategy, program and project management, business requirements definition, application architecture and operational readiness. In 2012, the company sees additional growth due to initiatives such as:

Dodd–Frank compliance and risk management at banks and financial institutions.
Foreign Account Tax Compliance Act (FATCA) offerings for international financial institutions that wish to do business in the United States.
Master data management offerings supporting improvement of data quality and management across customer and securities information.

To address these growth opportunities, ForwardThink has continually invested in competency development, bringing on additional industry thought leaders and expanding its repository of solution accelerators. ForwardThink has been able to attract some of the best talent in the industry, and tripled its staff from 2010 to 2011. The company expects to continue hiring in 2012.

“Having great talent is the key to our business, and we have some of the best in the industry – many whom we have worked with in the past and come from a large network cultivated over 25 years,” added Nick Trentalange, chief operating officer of ForwardThink Group. “Our team has a unique blend of corporate and consulting experience, enabling us to provide practical solutions to many of the challenges facing the financial services industry.”

ABOUT FORWARDTHINK GROUP

ForwardThink Group is a management and IT consulting firm that provides business and application technology solutions to banks, brokerage firms, insurance companies and wealth management firms. ForwardThink combines deep industry expertise with proven solution models to expedite business application implementations. For more information, please visit www.forwardthinkgroup.com, or contact the company at 646-873-6530.