2006 was an extremely busy and productive year for FTVentures, and December proved to be no exception. We are pleased to introduce our 3 newest investments: ETF Securities, GigaSpaces Technologies and SourceCode Technology Holdings.

FTVentures recently commited $10 million to UK-based ETF Securities, an asset management firm and pioneer in the development and distribution of Exchange Traded Commodities (ETC). FTVentures is the sole institutional investor in the firm. ETCs are a relatively new asset class that enable investors to gain exposure to commodities without trading futures or taking physical delivery. The financing accelerates the company’s ability to expand its unique series of products, its distribution channels and its management team.

If you would like to learn more about ETF Securities,
please contact:

Ben Cukier, FTVentures Partner
bcukier@ftventures.com or 212-682-4846

To read the press release click here

FTVentures has invested $13 million in GigaSpaces Technologies, an Israel and New York based provider of infrastructure software solutions. FTVentures invested in the company through a secondary offering and increased ownership through participation in a Series C round. GigaSpaces offers distributed cache and distributed application server solutions that deliver dynamic scalability for high-volume transactional applications, without the overhead and complexity inherent in traditional multi-tier development and deployment environments. The company’s award-winning solutions are being adopted across vertical industries such as financial services, telecommunications and law-enforcement for mission-critical applications, where the need for extreme performance, reliability and scalability necessitates an alternative to traditional tier-based architectures. Customers of GigaSpaces include AIG, Societe Generale, Virgin Mobile, and Nortel.

If you would like to learn more about GigaSpaces,
please contact:

Liron Gitig, FTVentures Principal
lgitig@ftventures.com or 212-682-4442

To read the press release click here

FTVentures has invested in SourceCode Technology Holdings, based in Redmond, WA. SourceCode’s flagship offering, K2.net®, is software that enables business and technology users to collaboratively design, deploy, and manage process driven business solutions. K2.net is a rich enterprise platform that is meeting the industry-specific and horizontal needs of over 1000 customers worldwide, including 20% of the Global Fortune 100.

If you would like to learn more about SourceCode,
please contact:

Eric Byunn, FTVentures Partner
ebyunn@ftventures.com or 415-229-3052