Caplin Systems Confirms Additional Funding

ORGANIZATION & STRATEGY

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Caplin Systems announced last week a third round of funding, confirming a report in Inside Market Data last month (IMD, Sept. 15). Meanwhile, the company is trying to move beyond this summer’s layoffs and is focusing on its Wide Area Messaging platform.

Caplin’s two outside investors, Financial Technology Ventures and Elderstreet DrKC, contributed $2 million in this latest round of funding, bringing their total investment up to $16 million over three rounds. The funding is a vote of confidence in

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