3forge, the leader in innovative High Impact™ code solutions for business-critical applications, announced that it has closed on an investment by Morgan Stanley. This is the first time 3forge has raised external capital since launching in 2011.
3Forge is a high-performance platform used by developers to build enterprise applications. Its technology has enabled the rapid development and deployment of front-end applications with a focus on real-time data integration, virtualization, processing and visualization.
Since 2014, Tier-1 global banks, hedge funds, asset managers, exchanges, and sovereign wealth funds have deployed 3forge’s platform to power hundreds of client-driven, critical business use cases.
Robert Cooke, Founder of 3forge, added:
“We are thrilled to close on an investment by Morgan Stanley, a longstanding partner who truly understands the value and performance of 3forge technology. This is an exciting milestone as we continually expand our capabilities to help enhance client workflows and productivity.”
The funds will be used to accelerate 3forge’s global go-to-market strategy and expand its development community.
Source: 3forge
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
The first transactions have gone live on the blockchain-based platform for carbon credits.
-
The bank becomes the tenth to commit to Versana's next-generation platform.
-
Fredric Tomczyk is approaching the one-year anniversary of his appointment as chief executive.
-
Chris Pento will leave his CEO role at the end of 2024 but remain on the board.
-
This will be the eighth cohort of the annual fintech accelerator for the investment management industry.