May 12, 2004
Amsterdam / Schiphol-Oost, The Netherlands. MarketXS, a leading provider of real-time market data technology and trading solutions, today announced the completion of an equity investment in MarketXS by ABN AMRO Capital, ABN AMRO Bank’s private equity firm.
The investment from ABN AMRO Capital is an expansion of the funding round with Prime Technology Ventures that was announced by MarketXS earlier this year. The expansion of the round includes a EUR 5 million investment from ABN AMRO Capital, and an extra EUR 1 million investment from Prime Technology Ventures in addition to the EUR 4 million it had already invested. The final total amount of the investment round including the earlier investment from Telerate is EUR 13.3 million, with an additional EUR 5 million available in a bank facility from Hollandsche Bank-Unie.
MarketXS continues to be majority-owned by its management. Brent Wissink, Director with ABN AMRO Capital, comments: "We are excited by the enormous potential MarketXS has for building its business in the international financial sector. We have been closely following the sector in recent years and have been impressed by MarketXS’ successful development into one of the leading providers of market data solutions in Benelux. Combining its powerful technology and Software As a Service concept with a strong financial base, we see MarketXS as one of the few providers to deliver mission-critical solutions for the dealing room and to successfully challenge the incumbent providers on a European scale.”
MarketXS Chief Executive Officer Floris Alkemade adds: “We are delighted to have ABN AMRO join as a shareholder. As a major global bank and one of our biggest customers, the ABN AMRO investment is reflective of the bank’s believe in the MarketXS approach, both as a customer and as a financial investor. As a visionary and early adaptor of new technologies to power market data and trading applications, ABN AMRO and MarketXS have worked closely over the past years to optimize the bank’s market data infrastructure. We expect that the investment by ABN AMRO in MarketXS will further solidify this strategic relationship.“
About ABN AMRO Capital
ABN AMRO is a leading global bank with over 110,000 employees and operations in more than 60 countries. As a leading international private equity business, ABN AMRO Capital is a wholly owned subsidiary of ABN AMRO Bank. ABN AMRO Capital's strategy is based on an international approach, with more than 120 investment managers working in dedicated teams in 12 countries. The diversified portfolio includes more than 350 companies in a wide variety of sectors, adding up to more than EUR 2 billion.
For more information visit www.capital.abnamro.com.
About MarketXS
MarketXS is a leading provider of real-time market data technology and trading solutions. Over 350 customers use its high-availability market data infrastructure, the Finance Engine™, to power terminals, websites, transaction systems or any other real-time market data application for front, middle or back-office with any source of data. Rendering conventional market data systems obsolete, the Finance Engine™ provides maximum flexibility, rapid deployment and low total cost of ownership. MarketXS data sources include Telerate, ComStock, Telekurs, Dow Jones Newswires, Standard & Poor's, FT Interactive, etc. and direct feeds from major exchanges such as Euronext and Nasdaq. MarketXS is the exclusive distributor of Telerate products in The Netherlands, Belgium and Luxembourg. For additional information please visit www.marketxs.com.
For further information, please contact:
MarketXS . Marc Visser . marc.visser@marketxs.com . +31 (0)20 50 25 800