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ReconArt Establishes Formal EMEA Presence and Office in London, UK

ReconArt announces the incorporation of ReconArt (UK) Limited to coincide with the opening of its EMEA regional office based in London, United Kingdom, dedicated to the support of its rapidly growing client-led international footprint.

Arlington, VA, USA and London, UK – ReconArt announces its continued international expansion with the opening in March 2011 of a London office to support operations in the EMEA region. This coincides with the incorporation in England and Wales of ReconArt (UK) Limited, a wholly owned subsidiary of US-headquartered ReconArt, Inc.

Since the latest release of ReconArt’s Total Reconciliation Lifecycle™ solution – ReconArt™ 2011 – in December 2010, ReconArt has experienced unprecedented demand from clients across the EMEA region. They are attracted to the 100% web-based reconciliation solution that can be implemented rapidly for immediate ROI, run in-house or in the Cloud, and which supports users in their language of choice.

The establishment of operations in the EMEA region will allow ReconArt to react quickly and efficiently to customer-led demand and coincides with an increased sales and account management footprint in the UK. Furthermore, an office in the heart of a major global financial center – London – allows clients in several of ReconArt’s core markets ease of access to success-focused resources.

According to Hristo Marintchev, ReconArt CEO, “We are very excited to have established a formal presence in London. As anticipated, the recent launch of our latest generation reconciliation solution has created intense interest and activity. By incorporating in the UK and increasing headcount in the region we will ensure that we continue to provide excellence in all client interactions as we help our valued customers lower costs, better manage transaction risk and address compliance needs most effectively.”

About ReconArt

ReconArt is the single focus provider of ReconArt™ 2011. With design and development in the US and EU, ReconArt™ 2011 covers the Total Reconciliation Lifecycle™ in a single integrated product. This allows financial services and corporate clients to use one solution for all aspects of their reconciliation needs, from daily data load, through matching, exception and case management, to period-end attestation and account certification. The result: lowered operational costs with positive ROI, reduced exposure to operational risk and enhanced adherence to regulatory and statutory compliance requirements.

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