15th July 2015

MDX Technology records significant expansion in 2015 and closes funding round

MDX Technology Ltd. (MDXT), a leader in real-time market data collaboration solutions for the trading community today announced a record expansion in all areas of its business as well as the successful completion of a first round of funding to accelerate further growth

“We have had five years of carefully managed organic development which yielded a variety of clients across all sectors and all regions,” said Paul Watmough, CEO at MDX Technology. “The first half of 2015 has been exceptionally busy. During this we grew our existing client base, added several new name customers, extended our partner network and evolved our product offering to attract a wider audience. In addition to this MDXT has successfully completed a first round of funding that will be used to accelerate our business and geographic expansion capabilities. Investment has come from a diverse mix of family, friends, professional investors and clients.”

David Priestley, Chairman at MDX Technology, said, “I was pleasantly surprised by the appetite to invest in MDXT. We were also very encouraged by the fact that a number of our existing clients were keen to participate in the fund raising. This is a clear indication that a business with a strong track record, good leadership, recurring client revenues and positive growth potential is a very compelling proposition. I look forward to working with Paul and his team to continue to achieve our overall development and business goals.”

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