Mantara Receives $7 Million to Accelerate International Expansion and to Fund Innovation
JERSEY CITY, N.J., May 10, 2011 /PRNewswire/ -- Mantara, Inc., a provider of advanced technology solutions for high-frequency trading and ultra-low latency direct market access, today announced that it has received $7 million in equity financing from existing investors Mohr Davidow, Southern Cross Venture Partners and CM Capital. Underscoring investor confidence, the funding has been provided to expand the company's footprint beyond the U.S., enabling traders from around the globe to benefit from Mantara's innovative products, and to develop new cutting-edge technology solutions that reinforce its low-latency leadership.
Against a backdrop of growing market fragmentation, proliferation of trade venues, and impending regulatory deadlines, Mantara's products are enjoying strong market reception among entities responding to these conditions by applying high-speed pre-trade risk controls across a complex mesh of counterparties and trade facilities. Leveraging its proven low-latency trading technology, Mantara's solutions address these challenges with near-zero impact on trade latency, enabling traders to meet compliance requirements while maintaining competitive access to liquidity.
"We are extremely pleased with Mantara's momentum," said Mohr Davidow General Partner, Jim Smith. "Management's leadership and strategy execution has yielded solid results and the investor corps is stepping up to support an accelerated growth plan for global expansion and to exploit product development efforts that will continue to position Mantara at the forefront of the ultra low-latency race."
Mantara's ultra-low latency expressWay™ trading suite, offers pre-trade risk control and direct market access to exchanges, brokers, and buy-side participants to meet new risk compliance requirements without impeding trade latency. Building upon its risk control and high-speed execution competency across asset classes and exchanges, dark pools and sources of liquidity, Mantara's users can seamlessly trade and manage risk across multiple venues while maintaining superior performance.
"This is an exciting time for us as we experience double-digit growth, rapid adoption and accelerated demand for our ultra-low latency pre-trade risk solutions," said Michael Chin, president and CEO of Mantara. "We are bolstered by strong market conditions for our products and services and are delighted that our investors continue to see the benefits of Mantara's vision and demonstrate solid support for our progress."
Headquartered in Jersey City, NJ, Mantara, Inc. is transforming securities trading worldwide through the development and delivery of integrated, ultra-low latency, high-speed trading and analytics solutions. With its next-generation expressWay trading platform, Mantara is delivering innovative solutions to the financial trading community. For more information on Mantara, visit www.mantara.com
Mantara and expressWay are registered trademarks of Mantara, Inc. in the United States.
SOURCE Mantara, Inc.
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.