Tuesday October 10, 7:30 am Eastern Time
Javelin Technologies, Inc.
Javelin Technologies, Inc. Signs $11 Million in First Round Financing; Opticality Ventures Leads Syndicate of Strategic Investors
NEW YORK, Oct. 10 /PRNewswire/ -- Javelin Technologies, Inc., the leader
in electronic trading technology, today announced that it has signed a
$11 million deal for its first round of funding.
Opticality Ventures I, L.P.,
a major investor in Internet, finance, e-commerce, business-to-business and
software development companies, leads a syndicate of strategic investors,
including Advent Software, Inc., Robertson Stephens, Tradescape.Com Holdings,
Thomson Financial, Collaborative Capital, Nextera Investments, L.L.C.,
Schoffstall Ventures, BHH Technology Ventures, L.L.C, Investec Ernst and Jack
White (founder of Jack White Discount Brokerage).
``This first round has been about working with industry leaders and
visionaries to get the ammunition we need to continue our role as the
innovator of electronic trading technology,'' said George Kledaras, President
and CEO of Javelin Technologies.
``The market for our technology has
dramatically expanded over the last year.
This investment signals the fact
that Javelin possesses the technology and strategies this new market demands
and is geared to deliver product quickly and efficiently.''
``George Kledaras was an early visionary in foreseeing the electronic
Javelin has executed very successfully in their quest to lead
this growing market,'' says Hadar Pedhazur, founder of Opticality Ventures.
``They continue to advance, with products like FIXBox and Cherubino (a
Javelin consistently meets the demands of the
industry, and I am delighted to be a part of a company that is shaping the
future of electronic trading.''
``Our existing connectivity solutions, and our future potential, have
attracted an impressive, strategic team of investors, including industry
leaders Advent and Thomson, innovators like Tradescape.Com, and investment
banks Robertson Stephens and Investec Ernst,'' said Michael A. Chaladoff, CFO
of Javelin Technologies, Inc.
``We intend to leverage these relationships to
further develop our technologies and to maintain our role as global leaders.''
``Advent is pleased to be part of this group that has recognized the
leading role Javelin has played in developing FIX-based electronic trading
solutions for the securities industry,'' said Peter Caswell, President and CEO
of Advent Software.
``Our investment reflects our commitment to Javelin's
success, and our belief that the company will continue to strongly impact
electronic trade communications.''
``Javelin is the clear leader in providing the technological infrastructure
powering the world of electronic trading,'' said Scott Appleby, Principal of
``We believe that Javelin's technology will eventually
carry the majority of every institutional security order in the world.''
Javelin's first round of funding will be used for strategic purposes,
including expanding worldwide sales efforts with new offices in Chicago, the
Asia Pacific region, and other financial hubs.
About Javelin Technologies, Inc.
Javelin Technologies, Inc., based in New York City with offices in San
Francisco and London, is the leading provider of electronic trading
technology, providing universal connectivity for better trading.
electronic trading technology powers hundreds of clients including Chicago
Board Options Exchange (CBOE), Yahoo!, Morgan Stanley Dean Witter, Advent
Software, Fidelity Management Research, Instinet, Thomson Financial and Market
Javelin's innovations have also attracted a growing list of
partners including IBM, Intel, Robertson Stephens, TIBCO and Investec Ernst.
For information on Javelin's electronic trading solutions, visit
For more information, contact:
Stephanie Cohen of Javelin Technologies,
Inc., 212-422-6000, firstname.lastname@example.org; or Lisa Dowling of The Stephenson
Group, 805-927-3534, email@example.com, for Javelin Technologies,