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Broadway Technology Accepts Strategic Minority Investment From Top-Tier Banks, Including Goldman Sachs(December 13, 2011)
NEW YORK, NY and AUSTIN, TX -- (Marketwire) -- 12/13/11 -- Broadway Technology, LLC, the emerging leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has accepted a strategic minority investment from its existing customers, including Goldman Sachs. Broadway will use the additional capital to expand its global operations, increase its portfolio of market leading financial software and broaden its investment in its patented technologies.
"For the first time in our eight-year history, we are pleased to accept a strategic minority investment from our long-term partners, including Goldman Sachs," said Tyler Moeller, Chief Executive Officer of Broadway Technology. "Broadway is the leading provider of advanced trading solutions with an unparalleled track record for solving the industry's most challenging technology problems. This capital infusion comes at a time of rapid growth for Broadway and will accelerate our long-term global expansion plans to establish Broadway as the premier destination for financial software."
Beth Hammack, Co-Head of Interest Rate Products Trading at Goldman Sachs, said, "We are pleased to be an investor in Broadway, a company that has built a great track record in trading technology and is well positioned for long-term growth."
Joshua Walsky, Chief Technology Officer, added, "It's a profound achievement to have the largest banks in the world as investment partners and as clients who rely on our software to handle hundreds of billions of dollars in transactions daily worldwide. Our technology is in a class by itself and we are going to revolutionize the financial software industry."
Broadway was founded in 2003 by visionary technology professionals with backgrounds in computer science, high-frequency automated trading and enterprise software. Broadway has been independently profitable every year since it was established, with revenues growing more than 50% annually the past four years, led by Broadway's innovative trading solutions and groundbreaking event-driven distributed data-oriented architecture.
About Broadway Technology
Broadway Technology is the emerging leader in high-performance financial trading solutions and consulting services for top-tier global banks and hedge funds. Broadway's software manages hundreds of billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, Broadway has been profitable every year since its inception, with revenues having grown more than 50% annually since 2008. The company has employees spread across five countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: [email protected] / tel: 646.912.6450.
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