Morgan Stanley has made a strategic investment in 3Forge, a company that provides code platforms for creating essential applications within the financial services sector.
3Forge is known for its high-performance code platform, which developers utilize to construct enterprise applications. The platform features an array of tools, including an in-memory database, event processor, and a data virtualization layer, all designed to enable the development of custom applications with minimal coding effort.
The technology is trusted by half of all tier-one banks and numerous buy-side firms, facilitating the rapid development and deployment of front-end applications that emphasize real-time data integration, virtualization, processing, and visualization. This investment comes as 3Forge’s clients aim to expand the use of the platform throughout their organizations.
Robert Cooke, the founder of 3Forge, expressed enthusiasm about the investment from Morgan Stanley, noting their longstanding partnership and understanding of the value and performance of 3Forge technology. Cooke indicated that the funds would be directed towards accelerating 3Forge’s global market strategy and expanding its development community.
This marks the first time 3Forge has sought external capital since its inception in 2011, although the terms of the deal have not been disclosed.