About Portware
Portware is a Technology company based in New York (United States) founded in 2000, and was acquired by FactSet in September 2015. Automated trading solutions for global equities and FX are offered. The company has 103 employees. Portware has completed 2 acquisitions, including Arıtaş and Pipeline Trading. Its Indian entity Portware India Private Limited reported revenue of ₹16.64 Cr. Its focus areas include FinTech, Investment Tech, Capital Market IT and Trade Management. Its competitors include FX HedgePool, Watershed Technologies and StockTreasury; 1 of its 3 listed competitors has raised funding.
Company details
Portware provides broker-neutral, automated trading solutions for global equities, futures, options and FX. Portwares flagship product, Portware Enterprise, is a fully customizable trade management and execution system for single stock, portfolio, basket, automated and algorithmic trading. It also offers StrategyServer, an algorithmic engine that allows users to create complex trading strategies and algorithms; Portware FX that provides traders with a view of the entire FX marketplace through a front end trading environment; and Alpha Vision, an algorithmic optimization solution based on artificial intelligence that uses predictive analytics to automatically select and implement the optimal execution strategy.
- Headquarters New York, United States
- Employees 103
- Stage Acquired
- SectorsTechnology
- Website portware.com
- Social LinkedIn X
- Acquired by FactSet (Sep 2015)
- Legal Name Portware India Private Limited
- Date of Incorporation 25 Sep, 2009
- Jurisdiction Hyderabad, Telangana, India
Associated legal entities of Portware
Portware operates through Portware India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Portware India Private Limited CIN U72200TG2009FTC065207 | Amalgamated | 25 Sep 2009 | Hyderabad, Telangana | ₹16.6 Cr | 103 | 2 | View details |
Investors in Portware
Portware has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include FactSet.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial data and analytics solutions are provided for investment professionals. | 1978 | factset.com | Norwalk, United States |
Investor details for Portware
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Board of directors of Portware India Private Limited (Portware)
Portware India Private Limited is the primary company behind Portware. The board of Portware India Private Limited currently have 2 directors; the longest-serving is Ghiridharan Surendran, appointed in 2012. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ghiridharan Surendran DIN 00087581 | Director | 19 Dec 2012 | 13 yrs 10 mo | Portware India Private Limited |
| Venkatraghavan DIN 07272181 | Director | 06 Oct 2016 | 10 yrs | Portware India Private Limited |
People of Portware
440 people are tracked at Portware (172 in leadership, 11 in board & advisors, 257 in team); the tracked headcount is 103.
| Name | Role | Group |
|---|---|---|
Stephanie van | Vice President, Global Account Manager | Leadership |
Ivan Bonsignore | Vice President, Regional Director - Southern Europe | Leadership |
Vijay Ganapathy Manavalan | Vp, Principal Software Engineer | Leadership |
Kranthi Kumar | Associate Director | Leadership |
Jon Russell | Senior Director, Wealth Strategic Partnerships, Initiatives, And Client Workflows | Leadership |
Margarita Shoyleva | Director Of Operations | Leadership |
Kyle Clements | Senior Director Of Engineering - Dealmakers & Wealth Business | Leadership |
Sanoke Viswanathan | Chief Executive Officer | Leadership |
Philippe Dumesnil | Director Accounting International | Leadership |
William Riegel | Director Corporate Development | Leadership |
Victoria Revall | Corporate Tax Director | Leadership |
Jill Chavarria | Vice President, Director Of Accounting | Leadership |
Peter Trauber | Vp, Regional Director - Wealth Solutions | Leadership |
Tj Jetnil | Senior Vice President, Global Director Of Wealth Management Sales | Leadership |
Danielle Lane | Associate Director | Leadership |
Sreedivya Bonagiri | Associate Director | Leadership |
Sanjeev Acharya | Vice President - Associate Director Portfolio And Program Technology | Leadership |
Emily Monaghan | Vp, Director Of Product & Technology, GP Portfolio Monitoring | Leadership |
Keith W. Baker | Senior Vice President, Business Technology Strategy | Leadership |
Stephen Danauskas | Principal Software Engineer, Vice President | Leadership |
420 more people are available in the full profile.
Complete people profiles for Portware
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Financials of Portware
Figures of Portware India Private Limited, the primary company behind Portware, for FY 2017. Revenue was ₹16.64 Cr (+3% year on year). Net profit was ₹1.73 Cr (10% margin). EBITDA was ₹2.19 Cr (13% margin).
- ₹16.64 CrRevenue · FY 2017 · +3% YoY
- ₹1.73 CrNet profit · 10% margin
- ₹2.19 CrEBITDA · 13% margin
- ₹58.9 LakhPaid-up capital
- 103Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Portware India Private Limited are on its company page.
Detailed financial statements for Portware
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Investments & Acquisitions by Portware
Portware has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Arıtaş and Pipeline Trading.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cryogenic equipment is manufactured by Arıtaş in Turkey since 1976. | aritas.com.tr | Maltepe, Turkey | 1976 | Jul 2012 | •••• | |
Block execution systems for large trade optimization are provided. | pipelinetrading.com | New York, United States | 1999 | May 2012 | •••• |
Complete acquisition details for Portware
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Timeline of Portware
4 dated milestones of Portware across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Portware is founded.
- Acquisition Acquires Pipeline Trading.
- Acquisition Acquires Arıtaş.
- Exit Acquired by FactSet.
Competitors of Portware
Portware has 3 listed competitors in our database, 1 of them funded. They include FX HedgePool, Watershed Technologies and StockTreasury.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fxhedgepool.com | 2018 | New York, United States | $8M | Execution management solutions for forex swaps | ||
| watershedats.com | 2020 | Chicago, United States | Online platform providing automated options trading solutions for institutions | |||
| stocktreasury.com | 2017 | Delaware, United States | Provides online platform for secure issuance and transfer of corporate shares. |
Detailed competitors of Portware
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Web traffic of Portware
Websites that share an audience with Portware (portware.com).
Websites whose visitors overlap most with Portware. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| flextrade.com | 88% | 43.3K | #613,836 | View details |
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as Portware (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Portware
Complete news archive for Portware
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Frequently Asked Questions about Portware
Portware was founded in 2000.
Portware is headquartered in New York, United States. It is registered at New York, New York, United States.
Portware has 103 employees.
The primary company behind Portware, Portware India Private Limited, reported revenue of ₹16.64 Cr for FY 2017, up 3% year on year.
Portware provides broker-neutral, automated trading solutions for global equities, futures, options and FX. Portwares flagship product, Portware Enterprise, is a fully customizable trade management and execution system for single stock, portfolio, basket, automated and algorithmic trading. It also offers StrategyServer, an algorithmic engine that allows users to create complex trading strategies and algorithms; Portware FX that provides traders with a view of the entire FX marketplace through a front end trading environment; and Alpha Vision, an algorithmic optimization solution based on artificial intelligence that uses predictive analytics to automatically select and implement the optimal execution strategy.
Portware's top competitors include FX HedgePool, Watershed Technologies and StockTreasury.
Portware has made 2 acquisitions, including Arıtaş, and Pipeline Trading.
Portware has 1 investor. Key investors include FactSet.
Portware operates through Portware India Private Limited.
Yes. Portware was acquired by FactSet in September 2015.
The legal entities of Portware currently have 2 directors, including Ghiridharan Surendran, Venkatraghavan.