Activ Financial, a provider of low-latency market data solutions, has received a minority equity investment from venture capital firm Bessemer Venture Partners.
Activ will use the proceeds to drive new customer acquisition, power continued product innovation and meet the escalating market demand for ultra-low latency market data solutions.
The demand is being fuelled by growth in market data volumes and the move toward co-location facilities to support advanced and profitable global trading strategies.
"We are happy to be able to complete this financing for the clear leader in low-latency market data solutions," says Rob Stavis (pictured), partner at Bessemer Venture Partners. "Activ’s best-of-breed technology and strong customer loyalty portends a rapid increase in industry adoption and growth. It’s unusual to find an opportunity to invest in a company with the type of growth, broad product line and time-tested model that Activ offers. We see the company as a cornerstone of our portfolio of financial services investments."
Activ now serves over 300 customers worldwide and manages more than 130 feed handlers and nearly 20 data centres spread across five continents.
"Companies today require fast access to global market data, but solutions must offer a way to control escalating costs in the face of the explosion in message rates,” says Frank Piasecki, co-founder and president of Activ Financial. “Activ is uniquely suited to manage these evolving market challenges. BVP’s expertise in managing high-growth financial technology companies and their 100 year history of stability makes them an ideal partner to help propel Activ and our customers into the future. We look forward to continuing to capitalize on demand and help sophisticated investors meet their complex global data and trading requirements.”
The Activ platform includes underlying message oriented middleware for enterprise date aggregation and distribution, hardware acceleration components and a set of value add applications such as news and tick and historical database servers.
