Primus Capital, a growth-oriented private equity firm, has made a minority investment in LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions.
The capital will enable LiquidityBook to further scale its business and serve a broader array of fund managers and financial institutions through its industry-leading portfolio, order and execution management system (POEMS) platform.
LiquidityBook will use the funds to enhance its products in response to client demand for additional functionality that goes beyond the traditional POEMS. This initiative is already well underway, as the company manages its own proprietary FIX network, LBX Connect, and recently made two key hires to support it: Stephanie Minister as Managing Director of Connectivity Services and Sumit Kumar as Senior FIX Specialist. The additional resources will meaningfully accelerate product development efforts as demand for multi-tenant trading technology with a single code base continues to grow, and will support global expansion.
“LiquidityBook began as a true bootstrapped startup, and working to grow it into one of the leading providers in our space has been an incredibly gratifying experience for all of us,” says Kevin Samuel, CEO and co-founder of LiquidityBook. “Thanks to strong adoption and continued client demand, our product roadmap and plans for expansion are as ambitious as ever. We have reached an inflection point where capital funding will accelerate those plans, and we are very pleased to have identified Primus as the ideal partner. Primus has a well-established track record of helping growing companies reach the next level. We look forward to a fruitful relationship and plan to leverage their financial support and strategic guidance to deliver real efficiencies for new and existing clients.”
Read more/Source: Private Equity Wire
