Cygnifi-cant Funding From Vendors for JP Morgan’s Spinoff


NEW YORK--JP Morgan spinoff Cygnifi has completed its first round of financing from investors including Bridge Information Systems, giving the company $22.3 million to use on building its technology infrastructure and staff.

According to Rick Snape, executive vice president for corporate development, the deal "is one of a number of incubation efforts where Bridge contributes services or cash to partner with institutions creating new e-commerce models in the marketplace. This allows Bridge to

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