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November 28, 2007 - Recognia Inc. Announces Series A Investment
Recognia Inc. announced today it has closed on a Series A investment to support sales and product expansion plans.
"We're gaining momentum in the institutional market. Recognia's daily analysis on over 55,000 instruments from 39 exchanges is now available to any user on two of the three leading market data platforms" says Rick Escher, President of Recognia.
This financing will support Recognia's expansion beyond Canada and into the U.S. institutional market, while helping to accelerate existing sales growth in Europe and India.
"We see tremendous market opportunity for Recognia," comments Recognia Board Member David Middleton, the Series A investor representative. "Recognia is applying sophisticated patented analytics to provide deeper insight, in a way that reduces risk and improves the investment outcome. They have a business model that makes it easy for firms to leverage the research for their own unique purposes."
"We are pleased and encouraged to have the support and confidence of such a prestigious group of Series A investors," says Rick Escher.
About Recognia Inc.
Recognia's technology automatically analyzes the price action of the stocks of all publicly traded companies. When certain movements of the stock prices occur, up or down, Recognia distributes notices that help recipients identify profitable trades and make timely transactions. Recognia's research is updated throughout every trading day - providing timely, independent and objective notification of shifts in trends and changes in supply and demand patterns that may not be otherwise identifiable.
This analysis is delivered via the Internet through partnerships with financial institutions, and other financial service companies. Customers include Thomson Financial, SunGard, Acquire Media and Belzberg, among others. Recognia products include quantitative data feeds, white-label Internet, email alerts, news wire feeds, and white-label market letters.
Contacts:
Rick Escher President & Founder Recognia Inc. Ottawa, ON (613) 789-2267 ext 225 rescher@recognia.com
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