Industry veteran Francois Barrault joins NovaSparks as Director and Strategic Advisor
London, 1 September, 2010 - NovaSparks, the ‘No LatencyTM’ specialists in data packet processing solutions announced today the appointment of Francois Barrault as NovaSparks Director. Francois Barrault will also act as Strategic Advisor for NovaSparks.
Mr Barrault brings a wealth of diversified and unique technology experience to the NovaSparks Board. Spanning in excess of twenty years, Mr Barrault’s career started as a researcher in Robotics, Artificial Intelligence with IBM Corporation; then founded – and sold – several businesses. Mr Barrault held senior positions within large global companies, in particular Lucent Technologies where he was President and CEO
Lucent EMEA and then as International CEO and corporate officer running all Lucent’s 38 acquisitions in the Internet sector.
Mr Barrault retired at the end of 2008 from his position of CEO of BT Global Services and as a BT Group board member. At BT Global Services he created a world leader in Networked IT services comprising 37,000 employees and operating in 176 countries, in 4 years acquiring 32 companies around the world. In parallel, he led BT Innovate; the advanced R&D and innovation team of BT group and in this role chaired and sponsored numerous initiatives with the most prestigious universities in the world. Mr Barrault has a PhD in Robotics / Artificial Intelligence / New Technologies.
Mr Barrault is a member of various boards of public and private companies, advisory boards, private investments funds and foundations around the world and frequently lectures at academic institutions.
Commenting on the appointment Eric Le Rolland, CEO of NovaSparks said, “We are delighted that Francois is joining our company. Core to the growth of NovaSparks is a strong management team which will enable us to expand and deliver the services we anticipate our latency intolerant customers will require. Francois’s broad telecoms experience will help us to accelerate our development in financial services and other sectors sensitive to the need for low-latency processing. ”
Francois Barrault, added “I’m delighted to be joining NovaSparks as Director and Advisor. I was impressed by the firm’s approach to providing a disruptive service to the financial trading community, using its unique approach to technology. I look forward to helping NovaSparks expand their products and their global customer base.”
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For further information, contact:
Julia Streets/Holly Finn
Streets Consulting Ltd
Julia.streets@streetsconsulting.com / holly.finn@streetsconsulting.com
Tel: + 44 (0)20 7959 2235
Notes to Editors:
About NovaSparks
NovaSparks is the ‘No LatencyTM’ specialist in data packet processing solutions. Its disruptive technology is designed to eliminate processing latency to sub-microsecond speeds to help the high frequency traders of investment banks, hedge funds and proprietary trading firms achieve smart order routing even faster and benefit from the arbitrage opportunities available.
NovaSparks core offering includes:
- NovaSparks’ “No LatencyTM market data feed handler and ticker plant” offering sub-microsecond latency for market data feed handling, order book processing, index computation and delivery of data direct to the core black boxes of algorithmic trading firms. Delivered through unicast, multicast, one or 10 Gb and PCI-Express, the ‘No LatencyTM’ market data ticker plant offers a proven, consistent and high performance solution, immune to market bursts of traffic and volume.
- NovaSparks’ “No LatencyTM Packet Dispatcher” transferring data between data sources and application servers at sub-microsecond speed. Packet dispatcher is a ‘full featured solution’ delivering a flexible approach to connectivity and integration. One of its applications will be to connect an Algorithmic trading hardware environment to the ‘No LatencyTM’ market data ticker plant, enabling easy customisation to suit the client firm’s unique requirements.
- End-to-End low latency transport solutions. NovaSparks partners with low latency connectivity specialists to offer a carrier neutral choice enabling collocation services, performance measurement and monitoring, resilient and secure end-to-end managed services and global access. This collaborative approach offers clients choice, flexibility and a unique approach to low latency performance.
- Founded in 2007 by Marc Battyani (CTO and Head of R&D) and Eric Le Rolland (CEO), NovaSparks was launched as HPC Platform and rebranded in June 2010. For further information visit: www.novasparks.com