"​Cachematrix Asset Growth and Trade Volume Increase Over 175% in 2008" says a press release from the money fund portal technology provider. The statement says that "record growth propels software provider to its best year ever" and that "assets invested through its licensed software portals and customized cash trading systems grew by over 175% in 2008." Cachematrix CEO George Hagerman says, "2008 was a good year for Cachematrix, as we now power trading systems for twelve different Global Banks and Financial Institutions. We remain the only Software as a Service (​SaaS), or Cloud Computing, firm in the nearly $​4 trillion dollar money fund space that builds, deploys and maintains these systems for many of the world'​s largest financial institutions." The company cites: "$​2 Trillion in Trade Volume Processed Through Cachematrix Software, 7,​900 Total Institutional End Users, and More Than a Dozen New Software Feature Upgrades" as its 2008 highlights. See also, ICI Reports Money Market Mutual Fund Assets, which shows total money fund assets decreased by $​28.​95 billion to $​3.​893 trillion in the latest week.

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