Maxeler Technologies Sells 20 Percent Stake in Company to J.P. Morgan

New York, NY – March 31, 2011 – Maxeler Technologies, Inc., the leading provider of high performance computing acceleration solutions, announced that it has secured an investment from J.P. Morgan in exchange for a 20 percent stake in the company. The proceeds will be used to support Maxeler’s plans for continued growth.

“This financing will fuel our growth and enable us to fully execute our business model,” said Oskar Mencer, CEO and founder of Maxeler, who noted that the company has been profitable since 2007. “We are extremely pleased to have attracted J.P. Morgan as both a client and an investor, and we look forward to working closely with them as we continue to grow.”

“We invested in Maxeler because of its superior high-performance computing technology, and because we believe Maxeler, with its established and growing clientele of Fortune 100 companies, is poised for growth,” said Peter Cherasia, J.P. Morgan’s Head of Markets Strategies for the Investment Bank. “We typically invest in companies with cutting-edge technology that dovetail with our business needs. Maxeler meets that description and our high standards for investment.”

About Maxeler

Maxeler Technologies, Inc. is a leading provider of accelerated high performance computing solutions. Maxeler combines HPC consulting and pioneering thinking with custom acceleration technology and HPC architecture to enable next-generation algorithms and lasting competitive advantage. Maxeler’s custom solutions speed up processing times by 20-50x over state-of-the-art off-the-shelf microprocessors with over 90% reduction in energy usage and over 95% reduction in datacenter space. Maxeler is a privately held company founded in 2003. More information and publications can be found at

About J.P. Morgan

J.P. Morgan is a leading global investment bank with one of the largest client bases in the world. Serving nearly 20,000 clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors, J.P. Morgan’s clients operate in more than 100 countries. Across its business, J.P. Morgan’s goal is to help clients succeed, contribute to orderly and well functioning markets and support global economic growth. One of the most important functions J.P. Morgan serves is extending credit to companies to help them grow.

To contact J.P. Morgan’s Strategic Investments group, its Global Head, Luis Valdich, can be reached at