Below, you will find a “Spanish to English translation” of portion of a Press Release posted on Service Point Solutions’ web-site a few days ago. This Press Release talks about the outstanding growth one of SPS’s subsidiaries achieved.
Sales of the subsidiary Service Point CFI increased by 42% in the first quarter of 2011. April 26, 2011. - In the first quarter 2011 sales of IFC, a leading global provider of printing services to the market sophisticated financial analysis and business banking, reached 3.7 million euros, representing a growth of 42% over the same period last year. The growth in March from the same month of 2010 has exceeded 60%. The growth is a result of new customers obtained especially in the markets of Russia and Hong Kong, and a growing demand for services related to processes of IPOs and operations of M & A primarily in the UK market and other countries of continental Europe.
CFI specializes in sophisticated financial information printing and whose confidentiality is necessary in order to preserve the interests of their clients. The acquisition of IFC, held in 2008, with the aim of significantly strengthening the business of SPS in the financial sector and has been entirely satisfactory. Priority for the next 12-18 months will be to consolidate the New York market, where market potential is extremely important and where significant investments during the first quarter of 2011.
CFI currently employs approximately 100 people, making London the largest center with over 70 employees. IFC has over 120 customers worldwide including many reference entities in investment banking.