Liquid Holdings Group Announces Reorganization to Streamline Operations

Liquid Holdings Group, Inc.

, a SaaS provider of investment management solutions for the buy side, today announced a reorganization of its operations and support teams to increase operating efficiencies and reduce the company's cost structure. The restructuring includes employee and consultant headcount reductions in the U.S., which have been implemented immediately. The new organizational structure streamlines Liquid's client services and technical support teams through the creation of a single service center. This service center creates one point of contact for all solutions and services-related requests, and is designed to provide users of the Liquid platform with a better overall experience. "Since our beginning we have focused on leading the industry in providing the highest level of client service. We are at the right point in our growth to take steps to ensure we have the best structure in place to meet that goal. We view the creation of a single service center as a critical next step, following our recent office consolidation, which helped to improve communication and identify redundancies across teams responsible for servicing our customers," said Peter Kent, CEO of Liquid Holdings. "Moreover, these changes will reduce cash burn and provide the business with additional runway to execute on our growth objectives." Based on initial estimates, Liquid had a cash balance of $12.1 million as of June 30, 2015.