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Evolutionary computing specialist expands to meet optimization needs of global banks

Codefarm Software Limited, the evolutionary computing specialist that is transforming portfolio optimization for investment banks, has just opened new headquarters in Brighton, UK and made several key appointments to strengthen its growing team.

Since its inception at the University of Sussex Science Park, Codefarm’s growth has been rapid, organic and sustained, and during 2004 staff numbers doubled. Now with further expansion assured through contracts with international banks, the move to new headquarters in central Brighton will enable even faster growth.

Codefarm is now the largest UK company dedicated to the commercialisation of evolutionary computing, a powerful technology that mimics the processes of biological evolution to provide solutions for highly complex numerical and combinatorial problems without needing to make unrealistic simplifying assumptions.

Managing Director Jeremy Mabbitt commented: “Codefarm’s radically new approach to portfolio optimization using evolutionary computing has immediately improved returns for our international banking clients and given them a significant competitive edge. A series of new deployments of our Galapagos optimization software solutions is in progress and stimulating increasing interest in the financial community.”

Codefarm’s key new appointments include Dr Rob Shipman as Operations Manager with in-depth experience of evolutionary computing in commercial environments; Dr Patrick Mills as Senior Consultant with particular skills in ‘Guided Local Search’ and constraint-handling algorithms; and Elisabeth Guégan who strengthens the company’s growing team of evolutionary computing scientists.


Notes to Editors

About Codefarm Software Limited

Codefarm Software Ltd is a specialist in evolutionary computing providing products and services for organisations seeking solutions to intractable optimization problems – complex numerical and combinatorial problems for which there is no efficient way to find an exact solution.

Codefarm’s product range is based around Galapagos, its software platform for evolutionary computing. Galapagos harnesses the power of grid computing to deliver optimal solutions within the timescales customers require.

Codefarm has expertise in adapting evolutionary computing techniques to different domain areas and can rapidly tailor its products to meet customers’ needs.

Increasingly, global investment banks are using Galapagos-based solutions to automate manual processes and directly maximise returns on portfolios and financial products.


Media Enquiries
Stephen Fleming at Palam Communications
Tel +44 (0) 1635 299116
Email sfleming@palam.co.uk
Web www.palam.co.uk

General Enquiries
Jeremy Mabbitt
Managing Director
Codefarm Software Limited
Tower Point
44 North Road
Brighton BN1 1YR
Tel +44 (0)1273 666350
Email jeremy@codefarm.com
Web www.codefarm.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Palam Communications in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.