Broadway Technology, a provider of software and infrastructure for global financial institutions, closed a $42m minority investment.
The round was led by Long Ridge Equity Partners.
In connection with the investment, Jim Brown and Kevin Bhatt of Long Ridge Equity Partners will join the Broadway Board of Directors.
The financing will accelerate Broadway’s growth into new global markets and will allow the company to further expand its product and service offering.
Founded in 2003 and led by CEO Tyler Moeller, Broadway provides trading solutions for global, regional, and national banks, brokers, and hedge funds. The TOC, its data-oriented architecture, enables integration of legacy software systems, visibility into and control over enterprise data, and a wide range of large integrated business applications.
Leveraging the TOC, the company’s solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets.
Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo.