CubeLogic turns 10 years old
Incorporated in October 2009 CubeLogic now employs some 75 staff in 5 global offices to serve 40 major name clients.
London, Thursday 24th October 2019 – CubeLogic, the market leading provider of business intelligence enabled risk management solutions for the energy, commodities and financial markets is delighted to celebrate their 10th year in business. We take a look at some of the key milestones over the past ten years…
2009: A cube is born
David Priestley, Lee Campbell, Riyaz Mulla & Romil Shah form CubeLogic Limited.
Office opens at Holland House, London, UK.
2010: First steps
CubeLogic sign two major deals, a multinational energy and services provider and a Swiss international trading company.
Ambitious product development roadmap including; credit scoring, credit risk and collateral management, risk reporting, trade flow analysis and treasury reporting.
2011: Making a name for ourselves
A number of significant hires to cope with a rapidly growing business.
Another of the world’s largest investor-owned electric utility service providers is added to the books.
The product continues to move forward including features such as exposure limits.
2012: Cube goes global
A major nuclear electric power generation company and the world’s largest oil producer join the user community.
CubeLogic starts to invest in global business development activities.
August 2012, OpenLink acquires CubeLogic. All of the team continue to work on CubeLogic activities under OpenLink.
2013: A new era
CubeLogic (as part of OpenLink) sign three major clients; an oil & natural gas company, a global commodity house and a US based utility company.
2014: Build it and they will come
4 new clients: A global energy provider, another commodity house, Spanish energy provider and a large US based energy provider.
The technology continues to develop with trade reporting, portfolio recognition, threshold calculation and clearing all added to the remit for the coming months development.
2015: An unstoppable force
A significantly bolstered team concludes deals with four more new clients; A Mexican bank, a British multinational food processing and retailing company, a household name and the ninth-largest retailer in the world, another Mexican financial services firm.
2016: Back at the helm
Lee Campbell and David Priestly complete management buy back from Openlink with Roderick Austin and Riyaz Mulla. CubeLogic is once again independent.
Open HQ office at London’s News Building.
Roderick Austin heads up our US business development efforts and opens an office in Houston, Texas.
Riyaz Mulla takes the lead on technology development by starting up our R&D center in Bangalore, India.
An intensive programme of staff hires and account management is underway.
Sign 2 new clients: APAC based energy firm and another global commodity house.
The suite of solutions is rebranded as RiskCubed.
2017: The sky is the limit
The second largest privately owned company in the US is added to the client list.
Cubes in the Cloud – a ground breaking SaaS solution for risk management is brought to market. Led by demand from another new client signing, a global energy supply company.
Achieve ISO 27001:2013 accreditation.
Singapore office opens and a few months later we are awarded ‘Best Newcomer’ in APAC by EnergyRisk Asia.
2018: A year for firsts
CubeLogic rebrand – the company name remains the same but we start the year with a new website and smart new branding.
CubeWatch sentiment analysis is launched at EWorld, enables users to harness the power of social media for insights into market activity, trends and sentiment scores.
We sign our first financial services client.
We also add our first insurance company user.
And to top it off, another 4 major signings: A US based multinational energy company, one of the ‘Supermajor’ oil companies in the world, one of the world’s leading mining firms and an American Fortune 100 energy company.
Energy risk software rankings winner.
#1 Credit Risk
Lee Campbell recognized as a ‘Fintech Innovator’ by Harrington Starr.
2019: We’re only just getting started…
2 of our biggest deals to date: A Canadian energy company and another one of the world’s largest, Fortune 500 oil companies. 40 companies globally now put their trust in CubeLogic software.
V7.1 is released which includes dramatically improved UX.
CubeLogic complete acquisition of Ferdec, transaction surveillance provider. As part of the acquisition we take over their Berlin office.
Energy Risk software rankings winner:
Best Newcomer by Risk.net’s annual Energy Risk Awards
# 1 for Enterprise Risk Management software system
# 1 for Best Credit Risk Software
#1 Business Intelligence
# Joint 1 for Best metrics
Achieve SOC2 accreditation.
2009 – 2019 snapshot
0 to 40 clients
0 to 75 staff plus consultants
0 to 5 offices
0 to 6+ market solutions
The journey has just begun, Lee Campbell, CEO comments; ‘I am extremely proud to be leading such a great company. My vision for the firm remains the same as it’s always been… to deliver the best risk management solutions, attract the best talent, and keep our customers happy. Team, technology and customers – that’s what it’s all about. I have been involved from the start and whilst the above looks like a glittering journey, it’s not always been easy. To reach ten years old in what is an incredibly competitive industry is no mean feat but rest assured we are only just getting started. 2020 is already shaping up to be a great year. I would like to take this opportunity to thank all of the team and clients because without the support from all of you we would not have made it this far.’
David Priestley, Chairman concludes; ‘Hat’s off to everyone at CubeLogic. I have been in the business for a few years (I won’t specify) and I have seen the industry change dramatically. Demands on smart risk management solutions are becoming more advanced and I am honored to be part of a company which continues to push boundaries. When we bought back the company in 2016 there were no guarantees that it was going to work, but even I, with my high expectations am bowled over by what the team has achieved. More of the same please!’
CubeLogic is the supplier of the RiskCubed business intelligence enabled risk management platform for all energy, commodity and financial exposures arising from market risk, credit risk, liquidity risk and regulatory compliance factors. CubeLogic’s founders are renowned experienced industry specialists who have an impressive track record of developing and implementing global risk IT solutions. In the current volatile market conditions, CubeLogic addresses the increasing demand for robust, cost effective Business Intelligence solutions for risk management.
For more information please contact us.