I have had the pleasure of working closely with Ted Myerson, the founder and CEO of FTEN, in growing the company from an early stage start-up to a leading provider of innovative technology solutions for the worldwide financial securities industry.
The innovation and creativity that FTEN represents in the financial markets is highlighted by the fact that in 2008 four Wall Street giants invested in the company - no small feat in the tumultuous economic environment at that time.
Through the creativity and ingenuity of the FTEN team, the company is recognized as the technology leader on Wall Street and around the globe for managing systemic risks associated with electronic Sponsored Access trading.
FTEN was ranked in the Inc. 500 Fastest Growing Company List as the #3 fastest growing software company and the #43 overall fastest growing company in the country with a three year growth rate from 2005 to 2008 of 2,863%.
Gary LaFever's business, legal and strategic advice was essential to the growth of FTEN from an early stage start-up company to a leading provider of innovative technology solutions for Wall Street and the global financial securities industry.
Gary dramatically improved the market position and prospects for one of our portfolio companies by extending the business focus beyond one that was desktop centric to one that encompassed wireless products and services.
Gary LaFever's business advice was essential to our transformation from a small consulting company to a global supplier of software products -- eventually leading to an acquisition by Microsoft Corporation at an attractive valuation.
Terry Myerson, Founder and CEO Intersť Corporation