14 December 2017
visit www.solutions.lexisnexis.com

LabMorgan incubates financial technology relationships

14 August 2001  |  2863 views  |  0 meeting

LabMorgan, the e-business incubator of JPMorganChase, has launched a programme to link big ticket technology vendors with its portfolio of specialist financial software companies.

The LabMorgan Networks programme is designed to create a platform for the mutual exchange of ideas and expertise between growth companies and established industry leaders including Accenture, BEA Systems, Cisco, Compaq, EMC, IBM, Oracle, Sun Microsystems and Veritas

"LabMorgan Networks is one more example of how LabMorgan is establishing a new model that breaks from past approaches to business development," says Ameet Patel, chief technology officer of LabMorgan. "It’s precisely when companies are racing to get initiatives to market that they need the know-how and resources of established players. LabMorgan Networks gives them just that. By pairing our portfolio companies with over 20 member companies who are preeminent leaders and visionaries in technology, we’re establishing channels for vital resources to flow to our portfolio companies."

The programme offers members a look at the Lab’s existing portfolio of up to 60 technology companies, as well as selected new business ventures and other opportunities that come through each member company’s pipeline. This shared-deal flow presents members with a first look at some of the hottest new technologies emerging today, says Patel.

The initiative should also give portfolio companies access to discounted hardware and software, expert advice, potential business partners and investors.

Several portfolio companies have already taken advantage of the programme.

"LabMorgan Networks has already yielded great benefits for our company, helping to build strong relationships for building out our business model and allowing us to realize significant savings to our bottom line. Thanks to the favorable pricing LabMorgan Networks has negotiated on behalf of its portfolio companies, we recently experienced six figure savings on hardware and software purchases from member companies,” says Mike Panesis, chief technology officer of WebALG, a service provider to the automotive finance industry.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

LabMorgan technology chief joins AlterEgo board

LabMorgan technology chief joins AlterEgo board

10 August 2001  |  2350 views  |  0 comments

Related company news


Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.solutions.lexisnexis.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12247 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9568 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8192 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7405 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7296 views comments | 20 tweets | 11 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job