It was announced yesterday that Quaternion Risk Management Ltd., a leading Irish risk analytics firm, supported by Enterprise Ireland, and AcadiaSoft Inc., the leading industry provider of global margin and collateral automation solutions, have formed a strategic partnership.

Quaternion Risk Management will create 20 new jobs as a result of this partnership and through investment by Enterprise Ireland.

Initially, the partnership will focus on helping firms with non-centrally cleared derivatives portfolios meet the operational and regulatory challenges associated with Initial Margin (IM) requirements that started to come into effect in 2016. The initiative couples Quaternion’s extensive quantitative expertise and AcadiaSoft’s proven capabilities in market standard applications allowing clients to access a range of services via the secure environment of the AcadiaSoft Hub.

Speaking this week, CEO of Enterprise Ireland, Julie Sinnamon said, "To scale in international markets, Irish companies must be innovative and competitive, and the strategic partnership between Quaternion Risk Management and AcadiaSoft combines both attributes and is a result of both companies’ strategic vision for growth. I welcome Quaternion’s announcement that the company will create 20 new highly-skilled jobs in a rapidly growing sector in Ireland. Our team at Enterprise Ireland has supported Quaternion for several years to enable the company to realise its global ambition, and I look forward to continuing our work with them as they embark on this new endeavour."

Source: www.businessworld.ie