Ted Pendleton Eyes Acquisitions and New Growth Initiatives as Numerix’s Latest Industry Hire
New York, NY – june 16, 2020
Numerix, the leader in risk technology, is proud to announce the appointment of Ted Pendleton as Senior Vice President of Investor Relations. Ted Pendleton is rejoining Numerix after a long and accomplished career with the firm, which spanned from 2005 to 2015. During his tenure with Numerix, Pendleton established and built the Numerix partner channel, which now includes over 90 global partnerships. With its rapid global expansion and revenue growth, Pendleton was central to helping Numerix adapt to a new operating environment and scale its business.
In his new position, Pendleton will report to CEO Steve O’Hanlon and focus on evolving the company’s acquisition strategy. His most recent experiences at three high growth SaaS companies have uniquely positioned Pendleton for this new role.
“In these roles, I was able to immerse myself in the whole life cycle process of growing and exiting small- and medium-sized enterprises, including financial modeling and valuations. This helped me to better understand how to recognize the value in such companies and how to position and scale them for optimal valuation,” said Ted Pendleton, SVP of Investor Relations for Numerix. “I am excited to bring these important experiences to my new role at Numerix and I look forward to collaborating with Steve and others to achieve our acquisition goals.”
“With Numerix, Ted will be using his experience in building, funding, and selling high-growth SaaS companies to help identify ideal target acquisitions for Numerix,” said Steve O’Hanlon, CEO of Numerix. “New areas of expansion will include additional asset class coverage, data, valuations, infrastructure, and augmenting technologies. We are excited to have Ted back as part of the Numerix family and look forward to all he’ll accomplish in this position.”
As President of Sybenetix, a growth SaaS company, Pendleton applied his skill set to new industry segments, including trade surveillance, behavioral analytics, including psychological based decision making. He worked to commercialize areas of the business, building out GTM and financial planning for the company, which led to VC investment and the sale of company to NASDAQ.
At AlphaPoint and Chainalysis, both extremely high-growth SaaS companies, Pendleton expanded his business knowledge to cryptocurrency and digital assets, including both primary issuance and exchange traded markets. In these roles, he supported $1-20m annual recurring revenue (ARR) growth in 18 months resulting in a $15m venture capital raise.
About Numerix
Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech-oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more about Numerix: http://www.numerix.com/
PR Contact:
Emily Jean-Pierre
SVP, Marketing & Corporate Communications
P: +1 646 373 9654
ejeanpierre@numerix.com
