21 March 2018

Gravitas signs Mudrick Capital Management and Lightbox

05 May 2009  |  3541 views  |  0 Source: Gravitas Technology

Gravitas Technology, a leading technology provider to investment managers and financial services companies, today announced Mudrick Capital Management LLC and Lightbox Capital LLC have selected Gravitas as their technology provider.

For its recent launch, Lightbox turned to Gravitas to design and implement much of its infrastructure and integration needs, including the utilization of Gravitas' secure colocation facility.

Mudrick selected Gravitas to build its entire in-house technology infrastructure as it prepares to launch later this year. Gravitas is also providing ongoing technical support to New York-based Mudrick.

"Gravitas permitted us to get up and running from a technology perspective seamlessly and cost efficiently," said CEO Jason Mudrick. "We're tapping into Gravitas' expertise, which allows us to do everything possible on the technology front to ensure that our business succeeds."

"Gravitas allowed us to launch quickly and smartly, with a scalable technology that will grow along with our business," said Lightbox CEO Andy Ellner.

These client applications are reflective of the new generation of alternative asset managers, launching new strategies in an environment where capital is scarce and regulatory and investor demands are greater than ever before.

"These companies are early adopters of the smarter, more efficient business practices that are redefining today's hedge fund industry," said Gravitas CEO Jayesh Punater. Punater identified six techniques that will power the next generation of hedge funds: scalable/variable costs; reducing real estate overhead; independence; outsourcing; smarter, rather than bigger funds; and focusing on business, as well as investment, success.

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