Beta Systems Group Inc. is now spending $10 million in upgrade funds it received from parent Kemper Securities Group Inc. earlier this year. Some of the money has been spent on two new IBM mainframes to process quotes and back-office information, as well as on development of an IBM RS/6000 server- and 486 PC workstation-based quote platform to succeed its current AS/400 and dumb terminal Betaquote platform. The RS/6000 will also support back-office processing.
The new quote platform is now in
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails