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Patsystems, which provides software derivatives and other electronic trading, is scouting acquisitions after lifting annual profits 23 per cent.

The London-based company, one of three prime competitors in its field internationally, upped pre-tax profits by £700,000 to £3.7 million in 2008 on turnover up 15 per cent to £19.6 million. Market turbulence and dealers’ need to respond to it stimulated growth, with October, the month Lehman Brothers collapsed, the busiest in AIM-quoted Patsystems’ history.

Chief executive David Webber says the company has started 2009 with a ‘strong sales pipeline’ and suggests a major German investment bank could become a client soon.

Patsystems, which derives 60 per cent of its business from abroad, notably deal-minded Asian markets, says its ultra-fast risk monitoring system is being well received and boasts a "keen" response to its new enhanced global trading system.

According to Webber, Patsystems, whose investors include Mark Slater’s Slater Investments, is looking "at two or three" potential acquisitions, which might involve some fundraising.

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