Investors give vote of confidence for Caplin’s Wide Area Messaging technology
New York, NY – Caplin Systems Ltd. today announced that it has accepted a third round of funding from its original investors, Financial Technology Ventures (FTVentures) and Elderstreet DrKC Ltd, bringing the total amount now invested by the two parties to $16 million. This investment is to support Caplin’s continued development of its Wide Area Messaging (WAM) web technology that streams real time data directly to browsers and other applications within the enterprise and across the world.
FTVentures, a San Francisco-based venture capital company specializing in technology for the financial services industry, has topped up its original investment made in February 2002 to maintain its position as Caplin’s largest outside investor. FTVentures has more than $600 million under management and is backed by the world’s leading financial institutions.
Bob Huret, senior partner at FTVentures, says: “Caplin’s revenues have grown nearly six-fold in the last four years, despite the market downturn, and future growth projections are strong. Blue-chip companies around the world rely on Caplin’s unrivalled technology to provide low cost, efficient delivery of real-time data to wherever it is needed. The management team has a focused, intelligent business strategy, and it is executing this on target and on budget.”
Elderstreet, which invests in UK software and services companies, has also re-invested at this time. Caplin has enjoyed a strong relationship with Elderstreet since July 2000 when the company invested over $4 million in the company to finance its demerger from the Infinet Group.
Barnaby Terry, a partner at Elderstreet says: “Caplin has the unswerving ability to hone its business proposition and its technology to take full advantage of market opportunities. We expect to see continuing success over the next few years.”
Paul Caplin, CEO, Caplin Systems says: “Market demand for our Wide Area Messaging technology is showing renewed growth. This and the new funding from FTVentures and Elderstreet mark the start of a new and exciting chapter for Caplin.”
About Caplin
Established in 2000, Caplin is now recognized as the leading provider of real-time web technology. Its browser-based market data platform liberates financial institutions from the costly restrictions of traditional systems and delivers new standards of performance, control and security. With over 100 man-years of research and development, Caplin’s software provides direct, low-cost delivery of real-time data to wherever it is needed, enabling organizations to stream information directly to browsers and other applications within the enterprise and across the world. A wide range of high profile financial institutions including exchanges, investment banks, brokers and information providers have chosen Caplin’s multi award-winning technology to reap the organic benefits of the web and so slash their data distribution costs.
Caplin is based in the United Kingdom, with offices in London and New York.
Contacts
John Lee
CAPLIN SYSTEMS LTD.
(212) 994-1776
john.lee@caplin.com
Joanne Gallucci
WRITE IMAGE
(917) 320-6456
joanne.gallucci@write-image.com
