Epsilon Technologies Group
Epsilon Technologies Group provides capital markets technology solutions, including the ETS trade management platform, PAS analytics system, and pasVal valuation service, to Federal Home Loan Banks, GSEs, and regional U.S. banks with $10B+ in assets.
- Company typePrivate
- Founded2007
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Epsilon Technologies Group does
Epsilon Technologies Group is a privately held capital markets technology and services firm founded in 2007 and headquartered in New York, serving Federal Home Loan Banks, Government-Sponsored Enterprises, and regional U.S. banks with $10B+ in assets. The company offers three licensed core products: ETS (Epsilon Trade System), an end-to-end trade management platform covering pre-qualification, trade capture, valuation, management, reporting, and accounting for the entire balance sheet; PAS (Principia Analytic System), a market-proven valuation, risk analytics, and hedge effectiveness platform acquired through the January 2024 purchase of Principia Partners LLC; and pasVal, a web-based subscription service providing derivative valuations without requiring full system implementation. Supporting infrastructure includes PAS RESTful and Python APIs, JMS message broker integration, and a structured governed data architecture designed for advanced analytics and responsible AI integration, with SOC 2 Type I certification completed in January 2026.
The firm derives revenue through annual enterprise software subscriptions for ETS and PAS (available on-premise or as cloud SaaS), monthly pasVal subscriptions, professional services spanning implementation, advisory, risk management, accounting, data modeling, and AI consulting, and a TotalCare managed service offering for administration of ETS and PAS environments. Go-to-market combines enterprise field sales targeting FHLB, GSE, and regional bank C-suites with a product-led growth motion for ETS SaaS and a self-service model for pasVal. The company operates offices in New York, London, and Conshohocken, Pennsylvania, with engineering and delivery supported by a wholly-owned India subsidiary, Epsilon Financial Technologies.
Epsilon reports $450B+ in daily derivative mark-to-market valuations processed and $1T+ in SOFR-linked debt issuance serviced through its platforms. Leadership includes co-founders Debashis Sen (Ph.D., CEO) and Amol Kulkarni (CFA, FRM, President), with former Principia CEO Douglas Long (Ph.D.), CTO Andrew Vickers, and CFO Daniel R. Smith retained post-acquisition. The firm is founder/management owned with no disclosed institutional investors, and has not reported external funding rounds.
Epsilon Technologies Group firmographics
Firmographics- Name
- Epsilon Technologies Group
- Legal name
- Epsilon Technologies Group, Inc.
- Website
- https://epsilontg.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Epsilon Technologies Group provides capital markets technology solutions, including the ETS trade management platform, PAS analytics system, and pasVal valuation service, to Federal Home Loan Banks, GSEs, and regional U.S. banks with $10B+ in assets.
- Ownership category
- akta.pro rank
Epsilon Technologies Group industry classification
Industry- Product category
- Capital Markets Technology / Financial Institution Software
- NAICS
- Software Publishers (513210), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)
- akta.pro secondary industries
- Multi-Asset Electronic Trading Platforms (FSAFANAH), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
Keywords
Where Epsilon Technologies Group is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Epsilon Technologies Group business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Software Licensing (ETS, PAS): Enterprise software licensing for ETS trade management platform and PAS analytics system. Available as on-premise enterprise installation or cloud-hosted SaaS. Revenue recognized from license fees, implementation, and ongoing support.
- pasVal Subscription Service: Monthly subscription service for derivative valuations, risk analytics, and hedge effectiveness testing. No long-term commitment required, providing accessible entry point for smaller institutions.
- Professional Services: Full range of consulting services including implementation, advisory, analytics, risk management, accounting, data modeling, AI strategy and deployment. Vendor-neutral approach ensuring efficient, effective outcomes.
- TotalCare Managed Service: Comprehensive managed service for administration of ETS and PAS implementations including server management, application upgrades, client acceptance testing, and user training. Offered as à la carte services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | ETS Enterprise - Full-featured trade management platform |
| Subscription | Annual | PAS (Principia Analytic System) - Valuation and analytics platform |
| Subscription | Monthly | pasVal - Web-based valuation subscription service |
| Subscription | Annual | TotalCare Managed Service - Administration and support |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Epsilon Technologies Group product offering
Product offeringCore offering
Epsilon Technologies Group licenses and supports three core capital markets software products—ETS (Epsilon Trade System), PAS (Principia Analytic System), and pasVal—delivering end-to-end balance sheet trade management, valuation, risk analytics, and hedge accounting for Federal Home Loan Banks, GSEs, and regional banks. The firm also provides a full range of professional services spanning implementation, advisory, analytics, risk management, accounting, data modeling, and AI strategy and deployment, complemented by a TotalCare managed service for administration of client deployments.
Product overview
Epsilon Technologies Group offers a unified platform-plus-services architecture comprising three licensed core products: ETS (Epsilon Trade System) for end-to-end trade management across the balance sheet, PAS (Principia Analytic System) for valuations, risk analytics, and hedge accounting, and pasVal as a lightweight web-based valuation subscription service. ETS is available as on-premise or SaaS deployment, while PAS offers enterprise and SaaS options. Professional services including AI consulting, data modernization, and EUC remediation complement the product suite. The products share integration capabilities via RESTful and Python APIs.
Differentiator
Problem solved
Functional benefit
Brands
- ETS: Full Featured Trade Management Platform - a complete end-to-end solution for managing the entire balance sheet with focus on Federal Home Loan Banks, GSEs, and regional banks.
- PAS (Principia Analytic System)
- pasVal
- Epsilon Services
- TotalCare
Products and services
- ETS (Epsilon Trade System) A complete end-to-end trade management platform enabling pre-qualification, trade capture, valuation, management, reporting, and accounting across the entire balance sheet for Federal Home Loan Banks, GSEs, regional banks, and other financial institutions.
- PAS (Principia Analytic System) A market-proven platform for valuations, sophisticated risk and analytics, and integrated hedge effectiveness testing for fixed income and derivative portfolios.
- pasVal A web-based subscription service providing easy access to sophisticated end-of-day valuations, risk analytics, and hedge effectiveness testing for interest-rate derivatives without requiring full system implementation.
- ETS SaaS Cloud-native version of the ETS trade management platform providing complete balance sheet visibility, trade lifecycle management, subledger support, and valuation without on-premise infrastructure hosting.
- TotalCare Managed Service A comprehensive managed service for administration of ETS and PAS implementations including server management, application upgrades, client acceptance testing, and user training, offered as à la carte services.
- AI Services for Capital Markets Specialized AI consulting services including readiness assessments, proof-of-concept development, model design and validation, process modernization, and regulatory-aware deployment for financial institutions.
- Epsilon Services Professional services including implementation, advisory, analytics, risk management, accounting, data modeling, AI strategy and deployment, EUC remediation, and data modernization for capital markets players.
Quantifiable outcome
- $450B+ in daily derivative mark-to-market valuations processed
- +3 more outcomes
Companies that use Epsilon Technologies Group
Customer profileNamed customers13 records
Segments6 records
Ideal customer profiles4 records
Epsilon Technologies Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature7 records
Epsilon Technologies Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Principia Partners LLCcoreEpsilon acquired Principia Partners LLC, adding the Principia Analytic System (PAS) and pasVal to its product portfolio. This strategic acquisition significantly expanded Epsilon's capabilities in valuation, risk analytics, and hedge accounting, complementing the existing ETS platform. The acquisition leveraged the synergy between ETS and PAS to provide clients with comprehensive front-to-back solutions.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Epsilon Technologies Group competitors and assessment
Company assessmentDirect peers
- Calypso Technology: Calypso provides a cross-asset capital markets platform covering trade processing, risk, collateral, and treasury for banks and FHLBs — directly overlapping with ETS's trade management scope. Both vendors serve FHLBs and mid-to-large banks with integrated front-to-back trade lifecycle capabilities.
- Murex: Murex offers the MX.3 platform for trading, risk management, post-trade processing, and treasury across capital markets — a direct competitor to Epsilon's ETS and PAS combination. It serves global banks and financial institutions with similar multi-asset, OTC-focused workflows.
- Numerix: Numerix provides derivatives pricing, risk analytics, and valuation engines for fixed income, FX, and structured products — directly comparable to PAS and pasVal. Both vendors target asset managers, banks, and insurance firms needing sophisticated derivative analytics.
- ION Group (Wallstreet Suite): ION's Wallstreet Suite is a treasury and capital markets platform for asset liability management, derivative valuation, and hedge accounting — closely aligned with PAS's analytics and hedge effectiveness testing. Both compete for bank treasury and ALM mandates.
- PolyPaths: PolyPaths delivers portfolio, valuation, and risk analytics for fixed income and derivatives, similar to PAS's core analytics engine. Both serve asset managers, banks, and insurance firms requiring hedge accounting and structured finance analytics.
Broad incumbents
- FIS (FIS Capital Markets): FIS provides broad capital markets and treasury software across trading, risk, and post-trade processing, including solutions for regional banks and asset managers. While not specialized to FHLBs, it overlaps with Epsilon's customer base and product categories.
- Finastra: Finastra offers a wide portfolio of capital markets, treasury, and lending solutions across global financial institutions, including Summit for treasury and capital markets. It serves a broader range of customers than Epsilon but overlaps in fixed income, derivatives, and hedge accounting workflows.
- Bloomberg (BVAL / PORT): Bloomberg offers valuation, risk, and portfolio analytics services (BVAL for derivatives pricing, PORT for portfolio analytics) used by the same institutional buy-side and bank customers as PAS and pasVal. It is a broader incumbent with established market data distribution.
Emerging players
- MSCI (RiskMetrics / BarraOne): MSCI provides risk and analytics platforms (RiskMetrics, BarraOne) for institutional investors and banks, with growing exposure to fixed income and multi-asset analytics. It is an emerging overlap with PAS for valuation and risk workflows in regulated environments.
- FinSolve (FIS) / RiskSpan: RiskSpan and similar niche analytics providers offer fixed income and structured products analytics to banks and asset managers — comparable to PAS's specialty. They are smaller, niche players with overlapping use cases in valuation and hedge accounting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Epsilon Technologies Group social profiles
Digital presenceEpsilon Technologies Group compliance and trust
Trust signalCompliance1 record
Epsilon Technologies Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Epsilon Technologies Group leadership team
Management profileNumber of profiles
Profiles7 records
Epsilon Technologies Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Epsilon Technologies Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Epsilon Technologies Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Epsilon Technologies Group
What does Epsilon Technologies Group do?
Epsilon Technologies Group licenses and supports three core capital markets software products—ETS (Epsilon Trade System), PAS (Principia Analytic System), and pasVal—delivering end-to-end balance sheet trade management, valuation, risk analytics, and hedge accounting for Federal Home Loan Banks, GSEs, and regional banks. The firm also provides a full range of professional services spanning implementation, advisory, analytics, risk management, accounting, data modeling, and AI strategy and deployment, complemented by a TotalCare managed service for administration of client deployments.
Is Epsilon Technologies Group a public or private company?
Epsilon Technologies Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Epsilon Technologies Group founded?
Epsilon Technologies Group was founded in 2007. It employs 51 to 100 people.
Where is Epsilon Technologies Group based?
Epsilon Technologies Group is headquartered in New York, United States, in the North America region.
How does Epsilon Technologies Group make money?
Four revenue lines are on record. Software Licensing (ETS, PAS) is the primary driver. The others are pasVal Subscription Service, professional Services and totalCare Managed Service.
Who are Epsilon Technologies Group's main competitors?
Direct peers on record are Calypso Technology, Murex, Numerix, ION Group (Wallstreet Suite) and PolyPaths. Broad incumbents are FIS (FIS Capital Markets), Finastra and Bloomberg (BVAL / PORT). Emerging players are MSCI (RiskMetrics / BarraOne) and FinSolve (FIS) / RiskSpan.
Does Epsilon Technologies Group have an API?
Yes. The PAS RESTful API exposes PAS's robust valuation, cash flow, and accounting engines, enabling external systems to seamlessly interact with PAS in real time. It allows users to retrieve detailed cash flows for any financial position, access comprehensive valuation and risk results, and generate accounting journal entries. The PAS Python API enables users to interact with the platform for data extraction and transformation, custom risk analysis, and rapid prototyping of trading and risk strategies. Developer documentation is at www.epsilontg.com/post/pas-restful-api.
What industry is Epsilon Technologies Group in?
Epsilon Technologies Group's product category is Capital Markets Technology / Financial Institution Software. Its primary akta.pro industry code is FSAFAEAB, Institutional Multi-Asset Trading Platforms (OTC/RFQ), with a secondary code of FSAFANAH, Multi-Asset Electronic Trading Platforms. Its NAICS code is 513210 and its SIC code is 7371.