Press Releases

July 31, 2007

FOR IMMEDIATE RELEASE

 

Contact:
Steph Johnson
Page One PR
Tel: 1-212-410-2254
Mobile: 1-917-805-6925
steph@pageonepr.com

 

Tervela Appoints Christopher Larsen, Former EVP, TIBCO Software, to Board of Advisors

Former Cisco Systems and Reuters Executives to Manage Top Tier Accounts

 

NEW YORK, July 31, 2007 – Tervela, creator of the fastest, most intelligent hardware-based acceleration solutions for trading infrastructures, announced several executive appointments today. Christopher Larsen has been elected to the Board of Advisors to provide strategic and operational guidance based on his more than 20 years of enterprise and services experience in the IT sector. Jay Miller and Feargal O’Sullivan have been brought in as regional sales directors to manage tier one customer relationships with investment banks, hedge funds, brokerage firms and other financial institutions.

 

Larsen most recently served as EVP, global field operations for TIBCO Software Inc, where he was responsible for sales, alliances, channels, emerging technologies, professional services and pre-sales support. Prior to that he served as president of SAP America, Inc.

 

Miller comes from Cisco Systems, where he was data center product specialist responsible for infiniband networking technologies and designing latency-reducing market data, analytic trading and order management applications.

 

O’Sullivan served as director, solution sales specialist, at Reuters where he sold complex integration solutions for low latency and algorithmic trading using Reuters Market Data System, Reuters Data Feed Direct, and TIBCO integration products.

 

“Tervela has a growing customer and prospect base that includes 10 of the top 12 investment banks on Wall Street and our solutions offer a 10x – 100x capacity increase over legacy systems,” said J. Barry Thompson, founder and CEO. “In order to continue scaling the delivery of our unique solution to this savvy customer base, we needed executives with deep financial sector expertise and an understanding of the cost benefits and competitive advantage that come from an intelligent hardwarebased messaging platform. This team of senior professionals has the track record and the skills to continue growing Tervela’s execution capability in this marketplace.”

 

About Tervela

 

Tervela provides hardware acceleration for trading infrastructures. Built from a hybrid of networking and middleware technology, Tervela’s intelligent, hardwarecentric data messaging platform is a simple yet powerful solution architected to deliver speed, scalability and stability to meet the demands of today's high volume trading environments. By integrating and accelerating the entire messaging ecosystem, Tervela gives customers a 10x - 100x improvement in capacity and performance over legacy systems. The platform brings an unprecedented level of stability to trading environments by eliminating multicast storms, dynamically adapting to message traffic changes brought on by market volatility, and ensuring predictable performance - even in peak volume periods. Founded in 2004, Tervela is funded by Goldman Sachs, Sigma Partners, North Hill Ventures and Acartha Group.