Our journey started with a conversation between four friends…
Today we operate across three continents, are the recipient of ten awards for excellence & innovation and are proud to support a global and growing client base.
In 2002 four friends from Deutsche Bank have an idea!
Four friends and colleagues at Deutsche Bank, London, UK starting floating around ideas on how to build better
Software for the Financial Sector, that worked with well known Software. As experts in the FAME DB (which is now under ownership of FIS after acquiring SunGard) this early opportunity started to crystallise into the birth of DataGenic Ltd, on 23rd May 2002. It was exciting as well scary! Two of the founders left their job, Colin Hartley and Andrew Hogan, to focus 100%, whilst the other two founders helped during after work and weekends.
Akin to the early years of most start-ups, the ‘garage’ office was in fact Colin Hartley’s loft! It was there,
in a somewhat darkened room that most programmers seems to love, the magic began.
Over a one year period, with some additional grey hairs, some insomnia and a lot of fun, a new product was born. queryPoint, subsequently named Genic QueryPoint. It was primarily focused on the FAME DB but had wider appeal. It was a multi-threaded SQL ODBC and JDBC access providing industry standard connectivity to third-party applications. It was subsequently used by over 15 National & Investment Banks.
Offshore office in Bangalore established
The ‘stars were aligned’ when of one of our top programmers was moving back in 2006 to his homeland in Bangalore, India, and the progression of DataGenic. It was time to open an offshore company in Bangalore. Headed by Ram Rangiah (to this day), it has gone from strength to strength and is the backbone of our development, QA, support and operations.
Today there are a number of clients using Genic DataManager, our flagship data management platform. Back in 2006 was it’s first official release, as a time series database, used to store and manage metering data! It was called Profile Library, and subsequently renamed Genic DataManager in 2007 with the new focus on market data.
Two significant things happened in 2007. We focused our strategy on the Commodity Data Management marketplace (as apposed to Meter Data Management) and we attracted an investor, Jacque Chahine, who has helped immeasurably throughout the years. He remains our only investor and is a board member.
Revised Strategy to concentrate on Market Data Management
These next three years were a bit of a blur! In 2008 we set up the DataHub (which was a huge task) including some trips up to our infrastructure partner, Melbourne, based in Manchester with a white van, servers and a bag of tools!
In 2010, we then released three additional products, which are still in use today: Genic WorkFlow, Genic QualityManager and Genic CurveBuilder.
2010 was the of the first of six straight wins for the coveted and prestigious awards #1 Data Management, Commodity Business Awards.
Spanish office established in Santander
The office in Santander was formally set-up, led by Juan Pedraja, to build up a multi-lingual continental European team for client implementations and software development.
During 2013/14 we onboarded the UK Electricity Market, BMRA datasets, which provided real-time updates and by far the largest and most complex we had handled to-date. It even meant we needed to develop a new data holder, called ‘Structured Series’ which we also use for the ISO Markets in North America.
USA office established
USA office established in Houston to service our global client base as well as promoting our software and services to a wider audience.
Introducing customised forward curves in real-time!
Heavy investment in R&D saw the launch of the first off-the-shelf real-time forward curve builder in the world, using our knowledge learned in providing end-of-day forward curves. The product was name Genic CurveBuilderRT as is causing a great deal of market traction, with two clients already gaining market advantage from it.
Increased support for clients
New Support for real-time data updates, server metrics, quality checks and full compliment of online documentation.
We also received another award for Innovation & Excellence.
2018 and Beyond
We are as ambitious and innovative today as we were 15 years ago. Expect a bigger footprint in predictive analytics, further integration with Reuters & Bloomberg, re-architecture of our product suite, additional on-demand services, more decoupling of products for broader market appeal, growth of our app framework (GWS), tighter value-add partnerships, and a whole load of other exciting new products.