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Gartner
Securities was spun off to its shareholders just before its first public offering in 1986, providing analysis, investment advice, and investment banking services, to institutional investors. The firm changed its name in 1988 to Soundview Technology, when Gartner was acquired by
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to form Wit SoundView in a $ 320 million all-stock transaction. Wit
Capital had been founded just a few years earlier, in 1996, by Andrew Klein. Wit positioned itself as an online investment banking firm focused on the Internet and technology sectors. Wit had been backed by
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Prior to 2003, Soundview was unique in that it combined accepted Wall Street research and distribution methods, with the intimate (albeit "arms length") relationship with
Gartner analysts, and arguably became the leading technology research boutique on Wall Street.
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In 1991 the firm hired a senior investment banking executive, Brian
Bristol, to begin to build an investment banking practice. Additional analysts were added to grow coverage as the technology sector continued to perform well.
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Wit SoundView acquired the E*Offering business unit of E*Trade in May 2000 to further expand into technology investment banking. This acquisition not only added a substantial number of new staff but also more offices in
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announced the acquisition of SoundView for $ 15.50 per share, or approximately $ 345 million. The acquisition was intended to integrate SoundView's
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From 1988 to 1991 the firm remained a small focused brokerage operation with the bulk of their clients being small institutions and hedge funds.
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content with
Charles Schwab's trading execution capabilities. SoundView received a 57% premium to its market price before the announcement.
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in 2003. The business was relaunched in 2005 by former research director Ken Tuttle, who finally obtained SoundView's trademarks in 2011.
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In 2011, the SoundView trademarks were acquired by one of the SoundView partners to begin building a new SoundView
Technology Group.
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on technology and other growth-oriented companies. The securities and investment banking company was integrated into
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investment client organizations. Gartner Group severed the Dillon Read relationship and became an independent
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Acquired by
Charles Schwab in 2003, Reinstated as an independent organization in November 2011
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is an
American technology-focused firm known primarily for its
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Defunct financial services companies of the United States
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296:"Wit Capital buys SoundView Technology, stock jumps"
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Financial services companies disestablished in 2003
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396:Companies based in Fairfield County, Connecticut
381:Financial services companies established in 1977
276:WIT CAPITAL WILL PURCHASE SOUNDVIEW TECHNOLOGY
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391:Former investment banks of the United States
338:Schwab to Acquire SoundView Technology Group
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319:GOLDMAN SACHS SELLS 10% STAKE IN SOUNDVIEW
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350:SCHWAB TO BUY SOUNDVIEW FOR $ 321 MILLION
265:Wit SoundView buys E*Trade's E*Offering
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411:2003 disestablishments in Connecticut
215:in early 2000, SoundView merged with
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406:1977 establishments in Connecticut
146:initiated a financial service for
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224:, which sold its stake in 2001.
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16:American technology-focused firm
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128:Old Greenwich, Connecticut
109:Soundview Technology Group
20:Soundview Technology Group
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358:(subscription required)
327:(subscription required)
284:(subscription required)
244:2011 sale of trademarks
207:Merger with Wit Capital
150:via a partnership with
126:SoundView was based in
401:Greenwich, Connecticut
232:On November 19, 2003,
228:Sale to Charles Schwab
160:Dillon, Read & Co.
152:Dillon, Read & Co.
172:Saatchi & Saatchi
132:Boston, Massachusetts
90:Boston, Massachusetts
340:. November 19, 2003
356:, November 20, 2003
211:At the peak of the
101:http://soundview.co
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325:, December 5, 2001
282:, November 2, 1999
156:personal services
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238:equity research
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92:, United States
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234:Charles Schwab
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117:Charles Schwab
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303:. Retrieved
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190:Acquisitions
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86:Headquarters
34:Company type
217:Wit Capital
54:Investments
370:Categories
305:2019-01-09
252:References
50:Technology
181:Expansion
142:In 1977,
46:Research
42:Industry
138:History
97:Website
68:Founder
60:Founded
201:London
37:Active
300:CNET
199:and
78:Fate
63:1977
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158:to
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
