Pivot Preps $3M Expansion

The vendor, which also provides the IMTrader instant messaging network that converts quotes and orders from text in IM messages into FIX-compliant orders, closed the funding round earlier this year with new investor MMV Financial, a Toronto-based private equity firm, says Ed McDonnell, managing director of sales and service at Pivot.

McDonnell says the investment will fund an expansion of Pivot's sales team, which the vendor has just doubled, and though declining to give specific numbers, he

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