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Vhayu Closes $10.25M Series C Round of Funding; Silicon Valley Bank and Menlo Ventures Fund Drive for Global Distribution of Real-Time Market Data Analysis Platform.

LOS GATOS, Calif. & NEW YORK -- Targets Multi-National Customer Demands to Handle Mounting Data Volumes Due to Market Structure Changes

E[acute accent]Vhayu Technologies Corp., the leading provider of real-time enterprise software solutions that capture and analyze massive amounts of real-time and historical trade data for the world's leading financial institutions, announced today the closing of a $10.25 million Series C round of funding. The round includes new investor Silicon Valley Bank and existing investor Menlo Ventures. The additional capital will be used to drive the global distribution of the Vhayu Velocity(TM) market data analysis platform to brokers, hedge funds and asset managers who have a critical need for technology that can support the recent shift towards high-frequency program and algorithmic trading. E[acute accent]"We have created unique patented technology to provide customers with a distinct competitive advantage when they use our real-time, market-data analysis software," said Jeff Hudson, CEO at Vhayu. "Our customers are the leading world-wide financial services institutions and they are asking us to support their multi-asset class operations on a global basis. We need to increase our investments in Europe and Asia to support the demand we are seeing. Additionally, we are increasing our investment in new product development, again driven by customer demand." E[acute accent]Vhayu's technology platform enables investment banks, prime brokers, hedge funds, online discount brokers and alternative-equity and fixed-income trading systems to develop applications that require a high-frequency data store for pre-trade analysis, market sweeping for best execution, real-time compliance, storing and analyzing the entire depth-of-book, building and testing complex algorithmic trading strategies and transaction cost analysis (TCA). E[acute accent]"We are very impressed with the traction the company has gained in the financial services market. In discussions with Vhayu customers, we confirmed that there is tremendous value in Vhayu Velocity and Vhayu has a significant lead in the market," said Arvind Purushotham, managing director at Menlo Ventures.

E[acute accent]About Silicon Valley Bank

E[acute accent]Silicon Valley Bank provides diversified financial services to emerging growth and mature companies in the technology, life sciences, private equity and premium wine industries. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves more than 9,500 clients around the world through 26 domestic offices and two international subsidiaries in the U.K. and India. Silicon Valley Bank's Southeast region serves nearly 500 clients of all sizes in eleven Southeastern states. More information on the company can be found at

E[acute accent]About Menlo Ventures

E[acute accent]Menlo Ventures, a Silicon Valley-based private venture firm, provides long-term capital and management support to early stage and emerging growth companies. The firm looks for combinations of management, market opportunity, products and services that create the potential for an exceptional rate-of-return. Since its inception in 1976, Menlo Ventures has organized and managed nine venture funds with a combined capital of $2.7 billion under management. Menlo has invested in over 250 companies in a wide range of industries since its founding.

E[acute accent]About Vhayu

E[acute accent]Vhayu delivers the fastest and easiest-to-use real-time software solutions to the world's leading financial institutions for the capture and high-speed analysis of massive amounts of streaming and historical data. Through its unique patented technology, the Vhayu Velocity market data analysis platform gives a significant competitive advantage to its customers by delivering the information needed to make trading decisions faster than any other available system. Partnered with Reuters, SunGard, TIBCO, InfoDyne and HyperFeed, VhaYu's customer base includes broker/dealers, the leading online discount broker, hedge funds, market-data providers and alternative trading systems. Vhayu was founded in 1998 by a group of experts in multi-processor design, real-time operating systems, enterprise database systems and financial market data and is backed by top-tier investors, including Silicon Valley Bank and Menlo Ventures. For more information, visit
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 17, 2005
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