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OpenFin Accelerates Growth and Expands to Government Sector
NEW YORK, November 1, 2022 /PRNewswire/ — OpenFin, the enterprise productivity operating system (OS), today announced record growth for the first half of 2022 with its new Workspace offering. In addition to major victories in finance and a $10M investment from ING Ventures, OpenFin has expanded its footprint into the government sector through a strategic partnership and investment from In-Q-Tel (IQT), the non-profit strategic investor serving the U.S. intelligence and national security and its allies. This marks the first expansion of OpenFin OS outside of the financial industry.
Launched in May 2021, OpenFin Workspace (Workspace) is the new visual interface of OpenFin OS that includes components for complex windowing, advanced search, actionable notifications and application discovery. The multi-tenant environment allows multiple platforms to run concurrently on the same workstation and for each platform to customize and theme components. This eliminates the need for customers to build these components themselves, reducing development costs, speeding time to market and dramatically improving end-user productivity.
“With Workspace, our customers can now quickly set up their platforms and unify the application experience in a fraction of the time,” said Gavin Lauchlanproduct manager at OpenFin.
OpenFin’s web-based operating system has become the de facto standard in financial services for powering next-generation digital applications and experiences for employees and customers. The software is now used in over 3,800 banks, wealth and asset management firms in over 60 countries.
The introduction of Workspace significantly accelerated OpenFin’s growth in the financial sector and enabled OpenFin’s expansion into the government sector through a strategic partnership with IQT. IQT helps the United States and its allies stay at the forefront of innovation through strategic investment, exploration and research, and capability acceleration.
“OpenFin’s platform provides a unique capability to unify workflows across disparate web and Windows applications, enabling agencies to enhance the user experience for government employees and improve their efficiency,” said Brinda Jadejasenior partner at IQT.
“Traditional web browsers are a rudimentary tool for running applications in large enterprises,” said Mazy Dar, CEO of OpenFin. “Rapid adoption by financial firms and our expansion into the government sector provide solid proof that OpenFin OS does what browsers and even the native operating system can’t when it comes to business productivity.”
Hurry up. Don’t break anything. OpenFin is the operating system for enterprise productivity, enabling application distribution, workspace management and workflow automation. Used by 90% of global financial institutions, OpenFin deploys over 3,500 desktop applications to over 3,800 buy-side and sell-side companies. OpenFin investors include Bain Capital Ventures, Barclays, CME Ventures, DRW Venture Capital, HSBC, JP Morgan, ING Ventures, NYCA Partners, Pivot Investment Partners, Standard Chartered and Wells Fargo Strategic Capital, among others. The company is based in New York with an office London and presence in hong kong.
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