NEW YORK, Nov. 4, 2015 — Cowen Prime Services LLC (“Cowen Prime”), a division of Cowen Group, Inc. (NASDAQ: COWN) (“Cowen”) is pleased to announce it has entered into a business support relationship with Cohere Communications, LLC (“Cohere”). As a leading, full-service Information Technology and Managed Services Provider, Cohere will serve to support the technology needs of Cowen Prime’s customers.
Headquartered in New York City, Cohere Communications ensures the highest quality of service with fully inter-connected technologies supported 24x7x365 by their locally-based Network Operations Center. Core support services include Managed IT Services, Cloud storage, and virtualized Hosting, as well as hosted VoIP/SIP trunk telephony services with seamless disaster recovery. Cohere also provides Co-location facilities and DR Ready-Room services in various strategic markets (NYC, Westchester, NY, Parsippany NJ, Toronto ON, London UK, Sao Paolo Brazil, Bueno Aires Argentina).
Michael Rosen, Managing Director and Global Co-Head of Prime Brokerage Services at Cowen Prime, said, “We are excited to announce our business support relationship with Cohere. As Cowen Prime expands both domestically and internationally, we believe having a relationship like this will improve client service levels and better satisfy our clients’ technology needs. This alliance will provide a stronger global technology foundation than we would be unable to provide otherwise, and allow us to exceed our clients’ expectations for years to come.”
Steven Francesco, Chairman, CEO, and President of Cohere, added, “Having Cohere as their dedicated Managed Services Provider will offer Cowen Prime clients tremendous value and peace of mind. For nearly 12 years, we have specialized in supporting financial firms, – specifically hedge funds, broker/dealers, private equity groups, and global trading firms. We are very pleased to enter this relationship and look forward to getting started.”
About Cowen Prime Services LLC
Cowen Prime Services offers a comprehensive suite of brokerage and related services that provide traditional and alternative investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge funds, managed accounts, and liquid alternatives with turnkey solutions designed to free its clients to focus on their core competencies. Our offering features world-class custody and clearing options, multi-asset class capabilities, leading execution and order management systems, a seasoned execution desk, a range of financing options, highly professional operations, and customer support team, comprehensive portfolio reporting capabilities, capital introduction, and live, intraday and post-trade risk and performance analytics. Founded in 2015, Cowen Prime Services followed Cowen Group’s acquisition of Concept Capital Markets, LLC. Headquartered in Garden City, Cowen Prime Services has additional offices in New York City and across the US. The firm is registered as a broker-dealer and investment advisor with the SEC and is a member of FINRA, NFA, and SIPC. For additional information, visit www.cowenprimeservices.com.
About Cohere Communications, LLC
Since 2004, Cohere Communications has continuously provided services to some of the most recognized corporate icons in the financial and media sectors. Cohere is headquartered in New York City and has an active presence throughout Canada, via its Toronto office. Employing a private IP network “fabric,” Cohere integrates the latest Cloud-Based technologies with diligent planning and design. Cohere maintains facilities in strategically located data centers throughout the world.
Since its inception, the firm has been customer service-centric, enabling its clients to stay-a-step ahead of today’s competitive landscape. Cohere is a recognized leader in Cloud-based Infrastructure-as-a-Service (IaaS) and Disaster Recovery-as-a-Service (DRaaS) services. Its Cloud Services Platforms conforms to two vital industry requirements; compliance and security — and is utilized by a cross-section of business verticals.