Rolfe & Nolan is gearing up for another foray into the
front-end software space, having posted record operating profit
of $3m one year on from a management buyout backed by private
equity firm Hg Capital.
The profit was more than double the previous year's
£1.2m. Turnover remained flat at £22m, with costs
lowered by a redundancy programme following the buyout.
The firm is preparing to launch a new trading front end,
branded Edge, on 15 June. R&N ceo Bob Freeman said the
product, to be delivered as an ASP service and aimed at retail
and professional traders, will pitch R&N into direct
competition with Patsystems. The project was headed by former
Pats executive Bill Herder, who joined R&N last year.
Also under development is the third component in R&N's
Merlin project to replace its existing back office systems with
a modular package.
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