SeaNet Technologies, Inc. Names Raymond C. Marra President and Chief Executive Officer

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SeaNet Technologies (http://www.seanet-tech.com), a leading worldwide provider of application performance latency measurement and reporting solutions, is pleased to announce today the appointment of Raymond C. Marra as president and chief executive officer. Marra, formerly executive vice president of SeaNet Technologies for the past two years, was appointed by Bernie Davidovics, chief technical officer and founder, who will retain his position as chairman of the board.

Raymond C. Marra

Ray’s commitment to the success of this company, combined with his extraordinary success in various senior management roles over the past 25 years for a multitude of technology companies worldwide, demonstrate his strengths.

SeaNet Technologies, Inc. (http://www.seanet-tech.com ), a leading worldwide provider of application performance latency measurement and reporting solutions, is pleased to announce today the appointment of Raymond C. Marra as president and chief executive officer. Marra, formerly executive vice president of SeaNet Technologies for the past two years, was appointed by Bernie Davidovics, chief technical officer and founder, who will retain his position as chairman of the board.

SeaNet Technologies, founded in 2001, pioneered the latency measurement of market data and multi-tier order execution flows in 2005 and continues to lead the industry with its SeaView Performance Solution Suite, which offers unmatched features and functionality for the measurement of latency in high frequency trading and order execution venues.

“I’m pleased to have appointed Raymond Marra as president and CEO of SeaNet Technologies effective January 1, 2010,” said Davidovics. “Ray’s commitment to the success of this company, combined with his extraordinary success in various senior management roles over the past 25 years for a multitude of technology companies worldwide, demonstrate his strength in taking SeaNet Technologies to the next level,” Davidovics said.

SeaNet Technologies is set to announce over the coming year a slate of new customers and partnerships that will solidify the company’s position as a global provider of products and services designed to add transparency to market data transactions and implement early warning signals to mitigate risk, reduce costs and capitalize on market opportunities within order flow.

“SeaNet Technologies experienced a watershed year in 2009 with the recovery of the markets and increased demand for latency measurement,” said Marra. “We are expecting 2010 to continue with strong demand for our technology. SeaNet’s unique approach using deterministic modeling and mapping of complex transactions and order flow continues to distinguish itself from other vendors while being very well received by the industry. “I expect top line growth to increase significantly this fiscal year. Our plans include continuing to add key strategic hires to strengthen SeaNet Technologies’ research and development teams, as well as sales and marketing recruitment and expansion deeper into the EMEA and APAC regions,” Marra said.

About SeaNet Technologies, Inc.
SeaNet Technologies Inc., headquartered in Kew Gardens, N.Y., is the worldwide leader in application performance latency measurement and monitoring and data analysis solutions. The SeaView Latency Measurement Solution delivers the ability to measure, monitor, and analyze the key metrics of actual market data transactions as well as full order detail flow in real-time. SeaNet is the first company to actually deliver on the business requirement to understand the root causes of performance problems with mission-critical trade plant applications. For more information, please visit us at http://www.seanet-tech.com .

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