RFP News

Partech Invests USD 2 Million in Support of NovaSparks’ No Latency Technology

Published on 17 Jun 2010

NovaSparks SA the ‘No Latency’ professionals in data packet processing solutions announced it has secured Series A financing of USD 2 million from Partech, a provider in international venture capital. Partech invests in technology and internet companies, major successes include Business Objects, DailyMotion, Informatica and Digitick. Jean-Marc Patouillaud, partner at Partech, joined the NovaSparks Board of Directors earlier this year.

NovaSparks is the only organization to supply sub-microsecond latency. Its disruptive technology is designed to dramatically reduce the latency involved in market data ticker plant and packet promotion. NovaSparks innovative approach measurably increases processing speeds for the latency-sensitive high frequency traders of investment banks, hedge funds and proprietary trading companies.

“We are very excited to be involved with NovaSparks at a time when the demand for its Market Data Ticker Plant continues to grow. We have every confidence that NovaSparks end-to-end ultra-low latency solutions today and future innovations will be successful. Our investment is aimed at accelerating the product development pace and strengthening the commercial development, especially in the US,” said Jean-Marc Patouillaud.

Eric Le Rolland said: “We are very pleased with the market recognition and adoption of our products and technology. The investment and assistance of Partech will allow us to accelerate our world commercial development plans.” *

Tags

Vendor name:	NovaSparks
Product type:	Data | Data Management | Infrastructure | Market Analysts

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