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Traffix Systems, a leading provider of signalling technology that helps 4G networks run better and more efficiently, has secured USD7 million in financing in a round led by Bessemer Venture Partners. The funds will be used to expand Traffix’s market penetration with telecom carriers around the world as more of them roll out 4G networks that require next-generation, network signalling solutions to handle increased data traffic.
The Traffix signalling Delivery Controller (SDC) enables carriers to maximise network performance with innovative routing, load balancing and gateways solutions based on the new, IP-based industry standard protocol for signalling known as Diameter. The
Garg’s background in sales and marketing across both enterprise and consumer businesses has played an essential role in delivering on Foundation Capital’s early-stage venture investment strategy. Current investments span a broad range of industries, from advertising and video infrastructure to online real estate brokerage. Garg currently serves on the board of directors of Aggregate Knowledge, Agni Property, Aspire Human Capital Management, Conviva, TreeHouse and TubeMogul.
"Ashu has proved to be a thought leader and a business pioneer — always looking for what’s next on the horizon that will change the architecture of business as we know it," says Ashmeet Sidana,
UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), added three new clients in the third quarter of 2011.
The new clients are: Chartwell Investment Partners; Ramius Trading Strategies LLC; and Transparent Value Advisors, LLC.
Two clients have mutual funds in the Investment Managers Series Trust co-sponsored by UMBFS and Mutual Fund Administration Corporation; one of these is a managed futures fund with an offshore component serviced by UMBFS’ alternative investments division, JD Clark & Company. The third client is receiving services from the company’s recently acquired Managed Account Solutions division.
Also during the third quarter,
The majority of CFA members (70%) believe a collapse of the the single currency in the Eurozone would be a disaster but a break-up of the Eurozone is unlikely (63%), according to a new survey conducted by the CFA on the eve of its fourth annual European Investment Conference in Paris.
Only 6% of respondents believe in abandoning the monetary union and returning to national currencies to alleviate the region’s woes, while 48% believe trend growth for Europe’s economies will not return until 2013-2014 at the earliest.
The survey was distributed to members of CFA Institute, the global association
Harneys has appointed former XXIV Old Buildings barrister David Herbert as head of the firm’s growing Cayman Islands litigation and insolvency team.
Herbert, whose appointment as partner and Head of Cayman Islands Litigation & Insolvency takes effect 1 November, has been associated with Harneys since 2003 and was seconded to the firm’s Cayman Islands office full-time in 2009.
Herbert is a Chancery barrister who has practised at leading offshore set XXIV Old Buildings since 2003. His primary areas of expertise are insolvency and restructuring, trust advice and litigation, and company and business disputes. Recently Herbert acted for Harneys in the
In spite of having registered significant investor appetite in recent years, empirical research on Alternative UCITS is a rare commodity. The major contribution of a new Lyxor research report is therefore to give investors a precise measure of the main characteristics of publicly regulated Alternative UCITS vehicles in comparison to traditional hedge funds, says Stefan Keller of Lyxor Asset Management…
For the first time, a comprehensive set of data has been analysed on a period from June 2004 to May 2011. The results shed light on what really matters for investors: regulation, manager skills and risk.
Regulation matters. The UCITS
Masabi, the developer of mobile phone ticketing technology, has completed a USD4 million Series B funding round with m8 Capital, the mobile technology venture capital fund.
The funding will be used to support deployments with multiple rail companies in the UK, and for the development of new service features, including NFC technology. It will also help facilitate expansion into new markets, particularly the US, where the company is seeing strong interest.
Since securing its Series A funding round in September 2010, Masabi has gone from strength to strength, with multiple successful launches of mTicketing services including Cross Country
DC Advisory Partners has appointed Ciara O’Neill as a Managing Director. O’Neill will work with Jonathan Trower in the European Debt Advisory Group and will be the third Managing Director appointment in London this year, following the recruitment of Philipp Gutzwiller and Jeff Blue.
O’Neill has 16 years’ experience in the leveraged finance market. She joins DC from Mizuho Bank where she was Head of the Leveraged Capital Markets Europe team from 2008. Prior to joining Mizuho Bank, O’Neill was a Managing Director in the Leveraged Capital Markets team at RBS where she was responsible for numerous high profile leveraged
Novacap has completed the carve-out of Rhodia’s salicylic and acetaminophen businesses, with the support of its majority shareholder AXA Private Equity.
These activities will become Novacyl, a newly created company within Novacap. Novacyl generates revenues of EUR100 million per year and employs approximately 360 people, with production sites located in France, Thailand, China and Brazil.
Novacyl is the global leader in aspirin and salicylic acid, a key supplier of acetaminophen and methyl salicylate – these products are used mainly in pharmaceuticals (analgesics) as well as in cosmetics and flavours and fragrance applications. Novacyl’s leading technology, supported by its unique
Funds managed by GSO Capital Partners LP (GSO), a division of The Blackstone Group (Blackstone) have invested equity capital in Energy Alloys – a global provider of oilfield metals, services and solutions – to support its growth strategy. The company’s strategy will continue to be executed by its current management team.
"I am pleased to announce GSO’s commitment to Energy Alloys," says Dave Warren, President, CEO and Founder of Energy Alloys. "GSO is a top tier energy investor, and we look forward to having them as a partner. This equity commitment provides a capital structure to pursue growth opportunities, gain
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