About Nu Thena Systems
Manufacturer of computer aided software engineering (CASE) products. The company's flagship product, called Foresight, is a modelling and simulation tool designed to facilitate the development of real-time embedded systems. The product addresses the "Front End" phases of development and combines standard structured analysis techniques with full functional simulation. Through its Software Management Division, Athena also resells tools used to manage the company's own internal software development efforts. The first product from this effort is PARAVIEW, introduced in early 1989.
Latest Nu Thena Systems News
Jan 4, 2023
This is United Fintech’s fifth acquisition since launching in 2020 and has rapidly scaled its team to 150 across New York, London and Singapore. The acquisition of Cobalt is in addition to the acquisitions of FairXchange, TTMZero, Athena Systems and NetDania; demonstrating the ability to scale and grow despite the slowdown in the fintech space. Founded in 2015, Cobalt provides core shared ledger infrastructure for banks in foreign exchange trading and digital assets. The company’s platform leverages blockchain-derived concepts to create a single, shared view of every transaction and remove the need for reconciliation across silos and multiple systems. This allows foreign exchange traders to reduce credit risk and cost efficiently. Cobalt’s current customer base includes top tier banks like Deutsche Bank, Citi Bank, Barclays, BNP, Natwest, ABN Amro and Standard Chartered Bank. Several banks including Citi and Standard Chartered were early investors in Cobalt. United Fintech will onboard Cobalt, its clients and employees onto its platform while Cobalt will continue to operate as a standalone company under United Fintech. United Fintech CEO and founder, Christian Frahm, will be appointed as the new Chairman of Cobalt and Cobalt’s co-founder & Chief Product Officer Andrew Coyne and CEO Darren Coote will continue to lead the business day to day. Commenting on the latest acquisition, Christian Frahm, founder and CEO, United Fintech said: “It is incredibly exciting to welcome some of the financial industry’s accomplished leaders to the United Fintech family. Cobalt is at the forefront of critical institutional trade infrastructure for foreign exchange and digital assets, leading the field in innovation that empowers banks to keep pace with the ever-evolving capital markets. “Foreign Exchange is a core part of a bank’s infrastructure today. In the future I’m convinced digital assets will become a key asset class in the sophisticated money management space, while financial institutions and banks will need a high level of expertise and know-how to thrive in the coming digital banking era. Cobalt’s technology is a great addition to the United Fintech global range of products and services and I look forward to the new phase of our growth journey together.” Andrew Coyne, Co-Founder & Chief Product Officer, Cobalt, added, “I am very happy that Cobalt is now part of the United Fintech family. They will help us accelerate shared infrastructure adoption for the benefit of all market participants. This will allow our clients to access markets more efficiently, with better control and lower cost.” Royal Park Partners acted as exclusive financial advisor to United Fintech and its shareholders throughout the transaction. Commenting on the acquisition, Aman Behzad, Managing Partner and Founder, Royal Park Partners, said: “The future of fintech rests on pioneers like United Fintech, which expertly consolidates disjoined banking infrastructure and streamlines digital transformation. Cobalt’s innovation will enable United Fintech to serve the urgent demand for institutional-grade infrastructure for FX and digital assets. It’s an incredible match up of talent and infrastructure capability and a great step for the industry overall.” About United Fintech United Fintech launched in 2020 to unite the world’s most talented people in capital markets, help drive change in the financial services industry and make a positive impact in the process. Its go-to platform for digital capital markets solutions is powered by partner companies including NetDania , Athena Systems, TTMZero and FairExchange. United Fintech empowers financial institutions to thrive and compete in the digital era, acquiring and scaling innovative fintech companies for growth. About Cobalt Cobalt launched in 2016 and provides critical risk and data services to the FX Market’s leading participants, leveraging these regulatory compliant solutions for the Digital Asset (DA) market. By creating a single standardised version of each transaction and managing credit in real-time, Cobalt enables all market participants to connect and automate their post trade functions including confirmations, trade netting and the management of credit relationships. wishma
Nu Thena Systems Frequently Asked Questions (FAQ)
When was Nu Thena Systems founded?
Nu Thena Systems was founded in 1986.
Where is Nu Thena Systems's headquarters?
Nu Thena Systems's headquarters is located at 1824 Jollyville Road, Austin.
What is Nu Thena Systems's latest funding round?
Nu Thena Systems's latest funding round is Acquired.
How much did Nu Thena Systems raise?
Nu Thena Systems raised a total of $5.6M.
Who are the investors of Nu Thena Systems?
Investors of Nu Thena Systems include Granite Ventures.