Market Technologies Moves into New Corporate Headquarters
Company News and Press Releases
Market Technologies, LLC, Moves Into New Corporate Headquarters
Wesley Chapel, FL, April 10, 2006 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, LLC, a privately-owned, Inc. 500, trading software company has officially moved into its new corporate headquarters.
Market Technologies was founded in Tampa, Florida in 1979 by Louis B. Mendelsohn. The company was relocated to Wesley Chapel in 1987 and in 1995 moved to its previous location where it had been for over 10 years. The Market Technologies’ staff has more than doubled in size since 2004 and continued future growth is both anticipated and inevitable as a result of traders around the world recognizing the forecasting power of Market Technologies’ flagship product VantagePoint Intermarket Analysis Software.
Phase I of the new building is comprised of more than 10,000 square feet and is almost three times larger than the space previously occupied by Market Technologies, allowing the firm to continue its expansion. The new state-of-the-art facility has been designed with “hurricaneomics” in mind. The entire building was engineered to withstand 140 mph sustained winds, and includes a steel and concrete reinforced network server and telecommunications room within the building, capable of withstanding 180 mph sustained winds. The building has its own on-site auxiliary generator for back-up power, so that disruptions to the firm’s operations can be kept to a minimum. A site permit has also been obtained from Pasco County for Phase II to be built at a later date which will allow an additional 8,500 square feet for further expansion – bringing the entire building – comprising both construction phases – up to nearly 20,000 square feet.
“We are extremely excited to move into our new state-of-the-art office building,” said Louis Mendelsohn. “We had definitely out-grown our previous facility. Our new facility offers the opportunity for us to expand as needed. We have watched our new building grow from an idea, to blueprints on paper, to a final tangible infrastructure and could not be more thrilled.” Mr. Mendelsohn went on to say that “Market Technologies has achieved great growth thanks to the forecasting accuracy of VantagePoint. We have now created the physical infrastructure to continue this amazing growth and solidify Market Technologies’ position as the world leader in market forecasting.”
About Market Technologies Headquartered in Tampa Bay since it was founded in 1979 by Louis Mendelsohn, with trading software customers in over seventy countries, Market Technologies is an Inc. 500 company and recognized world leader in market forecasting. Market Technologies researches and develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence applied to intermarket and hurricaneomic analysis, in order to forecast various commodity and financial markets throughout the world. These presently include energies, interest rates, stock indexes, currencies, metals, grains, meats, softs, Forex and ETFs, covering a total of sixty-nine world markets.