Sigma360's Mission & Purpose: Q3 2024 Statement from CEO Stuart Jones, Jr.

November 5, 2024

I.

We are rapidly expanding market share as risk and compliance software buyers expect more.  

More efficiency from their software, more frequent release cycles that drive innovation and more active listening to what end-users really need and want.  This should not be novel, but it is.

In Q3, we achieved record growth across both revenue and new clients, with many joining us through referrals from those who have experienced our platform’s scale, differentiation and reliability firsthand.

Our clients now span across small businesses to major financial institutions, commodity traders to government agencies – all seeking to modernize and eliminate outdated tech dependencies while future-proofing their risk and compliance operations. 

With the current geopolitical backdrop and increasing pressure from regulators, every company in our target market is a potential customer.  This is an exciting place to be and one where we believe we can help.

Looking ahead, we will be introducing additional AI-driven features to enhance productivity and provide deeper insights for our users, alongside an expanding inventory of data sources to power both core and non-core risk decisioning at scale.

 II.

We continue to invest heavily in our technology, security and client relationships. 

With a dedicated Chief Information Security Officer, ongoing independent penetration testing, upgraded security monitoring, a board of expert leaders and externally validated screening and adverse media models, we’re committed to empowering our clients with the information they need to make confident decisions and ensure the security of their data.

 
We are also moving toward a range of advanced deployment options, including both multi-and single-tenancy to meet client specific cloud security needs globally.  

All the while, we remain committed to being out-front in the market, with a focus on showing versus telling.  We’ve found it is the best way. 

For example, in Q3 we hosted a fireside chat with the U.S. Treasury’s Office of Foreign Assets Control (OFAC), covering key priorities and sanction programs on Russia, Iran, and Cuba. The event was attended by hundreds of risk and compliance leaders from around the world and across industries.  

In November and December, we will hold ‘global demo days’ to showcase Sigma360’s platform capabilities and highlight the differentiation we drive for users.  In addition, we'll be meeting with partners and clients in London during Q4, and speaking at the annual ACAMS Assembly in the United Arab Emirates.

III.

Our goal is not simply to provide another solution – it is to deliver one that’s 10X better. 

This commitment is essential in an industry ripe for disruption and technological transformation, especially one so critical to the integrity of the global financial system itself.

Be the change. And be certain, in an uncertain world.

Sincerely,

Stuart Jones, Jr.
Chief Executive Officer
Sigma360