NEW YORK, January 13 /PRNewswire/ --
TraderTools Inc. (TraderTools), a provider of business solutions, software and services to financial institutions trading FX, announced today that it closed a US$7.5 million round of financing on December 30, 2008. Edison Venture Fund, based in Lawrenceville, NJ, invested US$7 million, while company management invested US$500,000. The proceeds will be used to expand sales, marketing and development of TraderTools' Liquidity Management Platform(TM).
TraderTools is accelerating growth even in today's volatile marketplace, with a technology platform that addresses an immediate market need - liquidity management in institutional FX, stated Edison General Partner, Chris Sugden. Customers praised their innovative solutions and exceptional service, added Tom Vander Schaaff, Edison Vice President and Principal.
Edison has extensive experience in Capital Markets, in general, and in FX, in particular, as evidenced by a previous investment in Gain Capital, creators of one of the world's largest retail FX markets, explained Marty Fawer, CEO of TraderTools. We expect their strategic guidance and network of portfolio companies to help contribute to our business development, added Yaacov Heidingsfeld, TraderTools COO.
About Edison Venture Fund
Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to expansion stage (US$5 to 20 million revenue), information technology businesses. Initial investments range from US$5 to 8 million. Edison typically serves as a sole or lead investor in financings up to US$10 million. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison's investment professionals are based in Lawrenceville, NJ, McLean, VA, New York, NY, Needham, MA and West Chester, PA. Industry specialties include application software, communications, financial technology, interactive marketing, healthcare pharmaceutical IT. Edison's successes include Axent, Dendrite, Marcam, MathSoft, POMS, VirtualEdge, Visual Neworks, Vocus and many other information technology leaders, which have a combined market value exceeding US$5 billion. Edison currently has US$550 million under management and is actively making new investments. Fore more information, visit www.edisonventure.com.
About TraderTools
TraderTools(TM) Inc. is a provider of business solutions, software and services to financial institutions trading FX. TraderTools' Liquidity Management Platform(TM) is the only system to integrate the four disciplines of electronic FX trading: pricing, dealing, order management and execution. Our unique Dynamic Liquidity Manager(TM) monitors and controls inward and outward liquidity flows, making pricing and execution decisions in real time. We empower banks to maintain their leadership positions in FX with a single deployment and a single point of contact. And we work together with them to activate functionality according to their business strategy and timetable. Learn why the world's financial services giants are using TraderTools to better manage their liquidity and optimize their FX trading operations, by visiting www.tradertools.com or emailing us at sales@tradertools.com.
TraderTools, Liquidity Management Platform, Dynamic Liquidity Manager and the tagline The eFXperts are trademarks of TraderTools Inc.
Sales, Mark Mayerfeld, EVP, International Sales, +1-212-333-3770, ext. 229, mark@tradertools.com, Media, Ian Tick, Director, Marketing, +972-9-740-8880, ian@tradertools.com, both of TraderTools Inc.
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