FT Partners Advises on Series B Investment For FTEN
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Overview of Transaction
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On October 30, 2008 FTEN, Inc. ("FTEN") announced it had secured a Series B strategic investment from Merrill Lynch, Goldman Sachs, JP Morgan and Credit Suisse |
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FTEN will remain independent; the investors will not receive board membership |
Significance of Transaction
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Investment by top tier financial institutions is a testament to FTEN's strength in the financial securities marketplace, and will allow for increased collaboration to further develop cutting edge solutions |
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The investment will also allow FTEN to accelerate growth on a global scale, and increase their presence in Europe and Asia |
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FTEN provides a suite of innovative speed black box trading solutions that enable prime brokers, clearing firms, broker-dealers, hedge funds and proprietary trading groups to achieve greater access, speed and control through scalable, low-latency routing, real-time intra-day risk management, compliance surveillance and market data signal services
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FTEN's technology processes approximately 20% of the entire US Equities daily volume |
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FT Partners' Role
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FT Partners served as exclusive strategic and financial advisor to FTEN and its Board of Directors |
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In 2002, FT Partners advised FTEN on its Series A financing |
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