Perseus Telecom Acquires ETradeLab, Leading Brazilian Technology Company; Establishes Stronger Footprint in Latin America
- Published on September 17, 2012
- Written by Mike McClain, Senior Web Designer & Site Manager
NEW YORK -- Perseus Telecom, a global connectivity provider, today announces the acquisition of ETradeLab, a Sao Paulo-based financial technology provider of hosting, managed connectivity, order routing and trade monitoring support. The purchase comes at a time of global demand for efficient trading systems with low-latency connectivity and local support models suited for banks, hedge funds and proprietary firms.
The joint company expects to add significant value to its services by tightly integrating them. Combining ETradeLab's hosting solutions with Perseus' ultra-low latency networks will provide cost-effective, efficient and valuable network solutions for its customers. Anticipating and responding to innovative demands while having pricing sensitivities further led to this agreement.
"Our purchase of ETradeLab shines light on the accelerating market growth in Brazil, Peru, Chile, Panama and Colombia where capital markets require ultra-fast, reliable connections to mitigate risk and to provide worldwide reach," states Dr. Jock Percy, Chief Executive of Perseus Telecom. "Incorporating ETradeLab into our brand was an easy decision given its expertise in the market and trade monitoring services."
Effective immediately, Marcos Guimaraes, founder of ETradeLab, is President of Perseus Telecom, Brazil. "It is a thrill to be part of Perseus Telecom's top-tier management team. Perseus brings innovation and high performance networks at fair prices due to its strong portfolio that allow customers to increase revenues while reducing operating costs," states Guimaraes. "The LATAM region's continuing market growth requires such building blocks for optimum time-to-market and even faster development; Perseus has the DNA to deliver them allied to ETradeLab's local market knowledge. I'm ready for the challenge and can't wait to start working with our customers."
The expansion of Perseus' Brazilian presence follows its recent Global Telecoms Business award for "Best Innovation," related directly to building the fastest connectivity from London to BM&F BOVESPA, Brazil. Prior to the award, Perseus announced the fastest route to BM&F BOVESPA with its strategic partner GlobeNet.
"Our recent announcements and awards with regards to Brazil and South America have indicated the firm is taking a permanent and local stake in the region and we have done this with the valuable acquisition of ETradeLab," says Percy. "We welcome Marcos Guimaraes as President of Perseus do Brazil and will continue our path of commitment to providing the lowest latency networks globally whilst delivering intelligent and cost efficiencies."