Cowen Prime Services and Cohere Communications Announce Strategic IT Services Relationship

NEW YORK--(BUSINESS WIRE)-- Cowen Group, Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that Cowen Prime Services LLC (“Cowen Prime”), the prime services division of Cowen, 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 between its network providers and Cohere's application servers, as well as support via its fully monitored 7 by 24 network operation center. Key support services and applications 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 able provide otherwise and allow us to exceed our clients’ expectations for years to come.”

Steve Francesco, Chairman, CEO and President of Cohere added, “Having Cohere as Cowen Prime’s dedicated managed services provider will offer Cowen Prime clients a tremendous value and peace of mind. For nearly 12 years, we’ve specialized in the support of financial firms, - specifically hedge funds, broker/dealers, private equity groups and global trading firms. We’re 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, a highly professional operations and customer support team, comprehensive portfolio reporting capabilities, capital introduction, and live, intraday and post-trade risk and performance analytics. Cowen Prime Services was formed in 2015 following Cowen Group’s acquisition of Concept Capital Markets, LLC and Conifer Securities. Cowen Prime Services is headquartered in Garden City, New York with offices across the US. The firm is registered 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 Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company and its affiliates make up the Company’s broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research, a sales and trading platform for institutional investors and a comprehensive suite of prime brokerage services. Founded in 1918, the firm is headquartered in New York and has offices worldwide. For additional information, visit www.cowen.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. Firms who require secure, always accessible, resilient cloud services – choose Cohere. For additional information, visit www.coherecomm.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151103006530/en/

Media:
For Cowen Group, Inc.
Dan Gagnier/Carissa Felger
212-687-8080

Source: Cowen Group, Inc.

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