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January 13th, 2017

British company StratexSystems, which focuses on enterprise governance software development, has picked Seville as the first base for its European expansion. More specifically, it has created a research and development centre that will also provide support to a range of activities for the company’s international client portfolio.

The company has invested close to 500,000 euros and hired four Andalusian workers, but it has set its sights on continued growth. Its goal is to tap into the pool of design and engineering talent that the company has found in the Andalusian capital. The anticipated rewards include an increased speed and quality of development of its governance, risk management and compliance (GRC) solution, StratexPoint Enterprise, and the StratexStudio app, as well as the marketing of new Big Data products and services.

The establishment of this R&D centre has received the backing of Invest in Andalucía, which supports foreign companies aiming to settle and establish effective business relationships with local institutions, universities, social and government infrastructure and suppliers.

StratexSystems is currently hiring new personnel and envisages quickly expanding the development and design team over the coming two years as the demand for GRC services continues to grow.

In the words of Andrew Smart, founder and CEO of StratexSystems, ‘the rationale for supplementing the London team with an R&D team in Spain is to address the challenges of attracting the kind of committed, top-level talent we need to support growth. In any case, the Spanish have a flair for design and technology, so we are excited about the new branch, excited to be welcoming new talent to the team and looking forward to seeing the fruits of their labour over the coming months’.


About StratexSystems

StratexSystems is a provider of an Enterprise GRC (Governance, Risk and Compliance) software solution to the global financial services industry and its regulatory bodies. Since 2010, StratexSystems has been challenging the traditional GRC and risk management providers with its integrated approach and proven track record of delivering real, tangible and measurable return on investment and business value.

Through the deployment of the company's StratexPoint solution, clients have been able to significantly reduce the volume and value of their operational losses, leading to reductions in their regulatory capital, improvements in their credit ratings and improvements in their cost of capital. Because StratexPoint is built on the Microsoft SharePoint platform, clients can leverage their existing technology investment and deploy the solution across the enterprise to embed risk management and, specifically, risk appetite at the heart of strategic and operational decision-making.

To find out more, visit