KRM22 PLC (LON:KRM) shares rose in mid-morning trading Tuesday after it inked a partnership deal with Vector Risk, a market and credit risk solution provider, to provide software for its Global Risk Platform (GRP).
The technology and software investment firm said through the partnership it would distribute and support Vector Risk’s products as part of its GRP.
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Vector’s SaaS solutions, which calculate market and credit risk exposure in real time, are used by capital markets companies as an engine to perform credit limit monitoring, collateral stress testing, market value at risk and stress, and credit valuation adjustment.
Keith Todd, executive chairman and chief executive of KRM22, said the partnership was “the next step” in developing the company’s market risk offering after it acquired Chicago-based futures group Prime Analytics in September.
Todd added that Vector’s solutions would allow customers to lower their total risk cost through the GRP.
Shares were up 1.9% at 105p.
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