Edison Ventures announced its capital investment in OptionsCity Software, a provider of electronic trading platforms. Edison's investment is the first institutional investment in OptionsCity and the investment is for minority share ownership. The investment will finance the company's plan for product innovation and fund marketing plans that will result in the increase of the company's sales with a planned expansion internationally.
OptionsCity CEO Hazem Dawani remarked "We selected Edison as a partner - after thorough due diligence - based on their impressive track record of fast-growing businesses as well as their commitment and knowledge of the Financial Technology sector. We're excited to begin a new chapter in the growth of our firm." Included in the investment agreement, Mike Cichowski, Principal of Edison Ventures together with Joe Wald, former CEO of EdgeTrade and Executive Vice President at Gain Capital will be part of OptionsCity Board of Directors. Edison Vice President, Rob Finn, noted "Hazem and team have built a compelling brand. The technology platform is well positioned for the fast-paced evolution of trading strategies".
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