Devonshire’s Successor Prepares A Comeback
WATERS TEN
In 1997, Fidelity shopped around technology from a small IT shop it owned. After a change of strategy and a merger, the offspring of that technology is about to come to market.
In 1997, Devonshire Technology, a portfolio management software company owned by Fidelity Management & Research Co., was on the hunt for venture capital. It’s mission was to raise three million to five million dollars that would allow the then-two-year-old start-up to grow its business. At the time, Fidelity had high
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