MarketXS secures EUR5 million from ABN Amro Capital

MarketXS secures EUR5 million from ABN Amro Capital

Dutch market data technology vendor MarketXS has secured an equity investment of EUR5 million from ABN Amro Capital.

The vendor initiated an investment round in December last year and secured EUR7.5 million from One Equity Partners, the New York-based private equity arm of Bank One Corporation.

ABN Amro Capital's investment is part of this funding round and includes an extra EUR1 million investment from Prime Technology Ventures in addition to the EUR4 million it had already invested.

The final amount also includes EUR13.3 million from Telerate and an additional EUR5 million available in a bank facility from Hollandsche Bank-Unie.

Commenting on the investment, Brent Wissink, director, ABN Amro Capital, says: "We see MarketXS as one of the few providers to deliver mission-critical solutions for the dealing room and to successfully challenge the incumbent providers on a European scale."

The vendor continues to be majority-owned by its management.

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