Push Technology, a London, UK, NYC, and San Diego, CA-based provider of data distribution solutions enabling scalable Web and mobile applications, raised more than $5m in Series A funding.
Backers included Leopard Rock Capital and other existing and new shareholders.
The company intends to use the funds to continue to expand its presence in the U.S.
Led by Sean Bowen, CEO, Push Technology works with organizations in the e-gaming, financial services, telecommunications, healthcare, media and broadcast and transportation sectors to optimize data, mobile application performance, Web scale and data acceleration.
The company has just launched Diffusion 5.0, which helps organizations achieve higher levels of performance at scale for efficient application data delivery, which is especially important as consumers demand always-on connectivity for machine-to-machine (M2M) technology, over-the-top (OTT) services, Internet of Things apps and wearable devices. It features a new unified API and easy integration with enterprise assets.
Customers include Betfair, Betdaq, Cognia, Lloyds Bank, Oddschecker, Racing Post, Sportingbet, Tradition and William Hill.
FinSMEs
12/08/2014