Cogency Software Secures $7.5 Million in Funding To Expand Leadership in Financial Services Marketplace.Business Editors/High-Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Dec. 16, 2003 Unprecedented Growth and Success in Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Leads to Over-Subscribed Funding Cogency co·gent adj. Appealing to the intellect or powers of reasoning; convincing: a cogent argument. See Synonyms at valid. [Latin c Software, Inc. the leading provider of enterprise risk and performance management applications for financial services, today announced a $7.5M round of funding. This funding enables Cogency to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its burgeoning market leadership and bring Cogency Wisdom, its enterprise software solution, into new financial services sectors. This latest round of financing is led by Apex Venture Partners, a new investor in Cogency Software. Altos Ventures joins as the second outside investor and BA Venture Partners, Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. and Globespan Capital Partners all return with follow-on investments. Apex Venture Partners' Armando Pauker and Altos Ventures' Anthony Lee both join Cogency's board. "During the past year, we have been pleased to see Cogency's rapid success in the financial services marketplace and its clear market leadership in the hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" technology marketplace," said Armando Pauker, general partner, Apex Venture Partners. "Such dramatic results in a very short timeframe are what we look for when considering investments in companies. In 2003, Cogency has exhibited expert management, tremendous product and technical expertise and above all, a completely client-centric culture -- altogether, these are the ingredients that make a great company." "Cogency's customers and two new outside investors demonstrate the market demand for risk management solutions in today's financial services institutions large and small," said Kate Mitchell Police Constable Kate Mitchell (née Morton; undercover police name Helen Tyler) was a fictional character in the BBC soap opera EastEnders. She was played by Geordie actress Jill Halfpenny. , managing director, BA Venture Partners. "As the regulatory environment and business risks become more complicated a simplifying solution that crisply aggregates sources of risk becomes more and more imperative." Cogency Software has signed some of the industry's leading financial services firms including clients in trade settlement and processing and the hedge fund and alternative investment sector. Recent client additions include Ramius Capital Group, York Capital Management, Elliott Management Corporation and StoneHedge Partners. "The rapid uptake of Cogency Wisdom in multiple sectors throughout the US financial services marketplace is proof-positive validation of our belief that Cogency Wisdom is the new platform of choice for financial services," said Sameer Shalaby, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Cogency Software. "We have signed premier brands in trade settlement and processing, and most notably, hedge funds. Our sustained growth and success leave us ready to make our next significant push. Already, we have generated interest in new solution areas and look forward to expanding Cogency Wisdom for asset and money managers, pension and endowment funds Endowment funds Investment funds established for the support of institutions such as colleges, private schools, museums, hospitals, and foundations. The investment income may be used for the operation of the institution and for capital expenditures. and trust funds," continued Shalaby. "Altos Ventures is very pleased to be partnering with the top-notch management and investor team at Cogency," said Anthony Lee, partner, Altos Ventures. "The company is rapidly establishing itself as a leading financial services solution by delivering compelling applications in record time. More broadly, we at Altos believe that Cogency is well-positioned to lead a new class of software solutions that are simpler, smarter and more flexible than the current generation of business applications." Cogency Wisdom provides financial services firms a platform for aggregating, monitoring and reporting on a wide variety of data flowing throughout the enterprise. Cogency Wisdom aggregates internal and external business data, allowing end-users to apply complex business rules and perform sophisticated analysis of aggregated data to make profit-driving, actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. decisions. About Cogency Software Cogency Software provides enterprise data aggregation and monitoring applications for financial services companies. Through the power of Cogency Wisdom(TM), we help companies manage and reduce overall risk by providing integrated, enterprise-wide, real-time analytical applications aggregating disparate information about investments, clients, institutions and operations, delivered using Web browsers The following is a list of web browsers. Historical Historically important browsers In order of release:
For more information: www.cogencysoft.com or 650-655-6700 |
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