Susquehanna Buys Into 29West
SGE, whose parent Susquehanna uses 29West's technology in high-velocity trading applications, took a minority stake in the Warrenville, Ill.-based vendor last month, says Mark Mahowald, president and founder of 29West. Both companies decline to disclose the size of the stake or the sum involved.
Mahowald says the company is profitable and did not specifically need funding in order to grow—and had in fact previously rejected similar investment proposals from several of its clients who wanted to
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