As of September 1, 2021, we are pleased to be part of D.A. Davidson & Co. We will continue serving our clients as part of their full-service Investment Banking Group. Click here to learn more about our combined strengths.
×

Transactions

December 2012
New York, New York
secured a $53 million investment from
New York, New York


Background

Street Response Laboratories (SR Labs), a fast-growing provider of end-to-end low-latency market data and exchange-connectivity solutions, was founded in 2007 by Srinivasan Ramiah.  At the time of inception, electronic trading was driving an ‘arms race’ to develop solutions that minimized latency; Srinivasan acknowledged this need and set out to build a market leading software solution in a cost effective manner that could be scaled to support a global trading infrastructure.  Leveraging Intel’s annual multi-billion R&D spend on commodity chip technology, Srinivasan and his team developed a highly-optimized proprietary software code base that ran on Intel hardware instead of spending millions into proprietary hardware development. 

Five years later, SR Labs offered a solution that could compete on latency without the need for large, upfront spend on expensive hardware. Its market leading solutions attracted an impressive, growing list of clients that included Tier 1 Global Investment Banks, Multi-Billion Dollar Hedge Funds and Proprietary Trading firms, which used SR Lab’s solutions to access more than 150 different market data feeds and exchange gateways in North America, Europe and in the Asia Pacific region.



Overview

M&A Role

Press

Back to previous page