Salmon Software Strengths, Domain Expertise, and Key Differentiators
Salmon Software's strength lies in its extensive product portfolio, highlighted by the Salmon Treasurer TMS, which offers 120 specialized modules. By integrating advanced AI and machine learning capabilities with its deep industry expertise, the company delivers a comprehensive solution for managing trades across diverse financial markets.
Salmon Software Recent Developments
The release of Salmon Treasurer version 5 underscores the company’s commitment to innovation. This latest version introduces advanced features and modules, including the Market Risk-Free Rates Module, which streamlines the transition from LIBOR to benchmark rates such as Sterling Overnight Index Average (SONIA), Secured Overnight Financing Rate (SOFR), and Swiss Average Rate Overnight (SARON), ensuring compliance with the evolving global financial landscape.
Salmon Software Mergers and Acquisitions (M&A) Activities
The releIn 2023, Melior, an investment firm established in 2019 by former Carlyle Group executives Jonathan Cosgrave and Peter Garvey, acquired approximately 70% of Salmon Software for an estimated €15 million. As part of the transaction, Mr. Byrne divested a portion of his shares, while the majority of the investment was allocated toward the issuance of new stock, aimed at supporting the company's continued growth and expansion.
Salmon Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Salmon Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Salmon Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Salmon Treasurer customers.
Salmon Software Overview
Pembroke Hall 38-39 Fitzwilliam Square West
Dublin, x, D02 NX53, Ireland
353 1 460 5305
https://www.salmonsoftware.ie/
Ownership: - Melior Equity Partners
Number of Employees: 35
Functional Markets: Analytics and BI, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Insurance, Life Sciences, Manufacturing, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Salmon Software Key Enterprise and Cloud Applications
Salmon Treasurer
Salmon Software Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Salmon Software Revenue Breakdown By Type, $M:
Salmon Software Enterprise Applications Revenues By Functional Markets, $M:
Salmon Software Enterprise Applications Revenues By Verticals, $M:
Salmon Software Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Salmon Software Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Salmon Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Salmon Software Customers
No. of Salmon Software Customers: 100
No. of Salmon Software Enterprise Applications Customers: 100
No. of Salmon Software Cloud Customers: x
No. of Salmon Software Cloud Subscribers: x
In January 2024, Dublin-based international aircraft leasing firm Aergo Capital selected Salmon TMS to support their growth strategy. Recognizing the need for an efficient Treasury Management System (TMS) to navigate the challenges of their evolving business, Aergo Capital implemented Salmon TMS, positioning themselves for stronger growth and greater success in the next phase of their development.
Salmon Software serves a diverse range of clients across various industries. Notable customers include leading organizations such as Caldic, Dechra Pharmaceuticals, Zurich Insurance Group, Kelda Group, Fidelity, Airbus, CRH, Kingspan, Ryanair, Avolon, Dubai Aerospace Enterprises, Saint-Gobain, DP World, DCC Plc, Securitas, Serco, AB Ports, Fexco, Moy Park, Arqiva, First Group, Debenhams, Bank of Liechtenstein, Iglo Foods, Segro, and many others.
Salmon Software Market Opportunities, M&A and Geo Expansions
In September 2024, Salmon Software appointed Tom Leitch as its new CEO at a pivotal moment following a significant investment from Melior Equity Partners. This investment ushers in a new phase for the company, enabling the implementation of strategic initiatives designed to enhance its comprehensive treasury functionalities, expand user experience and payment capabilities, and integrate advanced artificial intelligence (AI) and machine learning (ML) technologies.
In October 2024, Salmon Software appointed Marcus Kilgour as Chief Technology Officer (CTO). Under his leadership, key initiatives will focus on transitioning to a fully cloud-based platform, enhancing client engagement and user experience, and optimizing internal processes to drive efficiency and innovation.
The company has expanded its global footprint, with recent growth in Africa and the Middle East & Gulf region. This geographical diversification strategically positions the company to capitalize on emerging markets and address the increasing demand for advanced financial technology solutions.
Salmon Software Risks and Challenges
Salmon Software faces internal challenges related to the integration of TGold's cloud product and the migration of its on-premise customers. Externally, the company must navigate risks associated with political and security instability in newly expanded markets, as well as the impact of fluctuating economic conditions and evolving regulatory policies.
Salmon Software Ecosystem, Partners, Resellers and SI
In September 2024, Salmon Software partnered with Necto API, a global fintech company specializing in cash management API aggregation. This collaboration aims to streamline and accelerate the integration of corporate treasury departments with full-service bank API solutions, enhancing connectivity and operational efficiency.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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