Cowen Prime Services and Cohere Communications Announce Strategic IT Services Relationship

NEW YORK–(BUSINESS WIRE)–Nov. 3, 2015–
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.

Source: Cowen Group, Inc.

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

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