Quantile Technologies secures USD51m growth investment from Spectrum Equity
Summary
At the core of Quantiles platform is a powerful optimisation engine providing advanced compression and risk rebalancing services to banks, hedge funds and other financial institutions engaging in OTC derivative transactions. "We are committed to providing our clients with market-leading services to allow them to continuously optimise their derivative portfolios to maximise returns and to efficiently meet regulatory capital requirements," says Andrew Williams, co-founder and CEO of Quantile. "We are very pleased to partner with Spectrum Equity and leverage the teams deep domain expertise in scaling FinTech and risk technology companies to further develop our industry leading solutions." We are pleased to work alongside the Quantile team in the next phase of growth and see tremendous potential for the company to fundamentally transform the derivatives market as the adoption of sophisticated multilateral risk management techniques accelerate." As we look forward to the next phase of our growth, the new relationship with Spectrum will enable Quantile to work with those clients to drive further risk management innovation in the financial services industry."