Tervela Unveils 3.0 Message Network Platform

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Tervela Unveils 3.0 Message Network Platform

Financial Firms Can Now Scale, Store and Extend Messaging Services
to Unprecedented Levels without Impacting Transport Network and Applications

NEW YORK, June 10, 2008 – Tervela, the leading provider of high-performance, low-latency messaging systems, today announced version 3.0 of its messaging solution. The release introduces the Tervela Message Network™ platform, which includes new product lines for high-performance messaging, persistence and common extensible application services.

The Tervela Message Network is a next-generation architectural framework that serves as the foundation for high-performance trading infrastructures and other data-intensive compute environments. As an easily-integrated mezzanine layer that sits between the transport network and the applications, Tervela's 3.0 platform ensures unparalleled message throughput, predictable and consistent low-latency, scalable data distribution, functional extensibility and operational continuity.

“Increasing options data volumes and volatile market conditions are putting incredible strains on trading infrastructures,” said Vijay Oddiraju, CEO, Volante Technologies, provider of low-latency data integration solutions. “Companies, like Tervela, are providing new ways for firms to develop smarter, next-generation trading systems by attacking the root cause: the increasing degradation of legacy messaging systems.”

The 3.0 platform introduces the Tervela TPE Persistence Engine™ -- a hardware solution fully integrated into the Message Network that captures all message traffic without impacting application-level performance. Easily configured to store a wide range of specified topics over varying publishing volume levels, the TPE is able to address demanding message storage requirements driven by regulatory and audit challenges - even under the most volatile market conditions. These topics, which include market data and order routing information, are automatically recorded and available for immediate playback to support market simulations, data mining and automated scenario building.

The 3.0 platform also introduces the Tervela TSE Service Engine™ -- a hardware solution fully integrated into the Message Network that seamlessly provisions common extensible applications such as intelligent order routers, FIX engines and book services without infrastructure reengineering. The TSE allows trading system logic to reside “in the network”, thereby delivering unprecedented calculation and execution speed without jeopardizing the stability of the broader trading infrastructure.

“Since its introduction, the Tervela TMX Message Switch proved the efficacy of a messaging solution engineered from the ground up for high-performance, low-latency messaging,” said J. Barry Thompson, Co-Founder and CTO of Tervela. “With this release, we are extending our messaging solution to a customer-driven, extensible and scalable platform that adds intelligence into the network. By fundamentally changing the data distribution equation for even the most demanding firms, Tervela will become the foundation for high-performance trading infrastructures of the future.”

About Tervela
Founded in 2004, Tervela delivers the next-generation communications infrastructure – the Message Network – designed and engineered to exceed the information dissemination and processing requirements of the world’s most demanding financial services institutions. Addressing the challenges of market volume, volatility and visibility, Tervela invented the message switch to enable investment banks, hedge funds, exchanges and other data-intensive organizations to deliver consistent, outstanding and predictable performance – even in the most demanding market conditions. The company is funded by Goldman Sachs, Sigma Partners, Acartha Group and North Hill Ventures. For more information, please visit www.tervela.com.