A Dutch-based provider of technology and advisory services for the financial sector is the latest tech company to invest in Melbourne.
Ortec Finance has opened an office in Australia’s leading tech city to better service its existing clients and grow its presence in the region.
Founded in 2007, the company provides technology and solutions for risk and return management.
Worldwide, Ortec Finance designs, builds and delivers high-quality software models for asset-liability management, risk management, portfolio construction, performance measurement & attribution, and financial planning.
The company has offices in Rotterdam, Amsterdam, London, Toronto, Hong Kong and Zurich.
Invest Victoria supported the Ortec Finance’s entry by providing information on shared office spaces and Melbourne’s financial services industry, as well as introducing the company to a local lawyer.
Victoria’s thriving tech and ICT sector employs more than 137,900 people across more than 19,300 businesses, generating $36.6 billion in annual revenue.
Melbourne is Australia’s leading tech city, as confirmed by the Savills Research Tech Cities in Motion global report released earlier this year.
Recently, Melbourne was also ranked Australia’s most innovative city – and one of the most innovative cities in the Asia Pacific – in the 2thinknow’s Innovation Cities Index for 2019.