Codefarm graduates from university science park
22 February 2006
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.