Cantor Buys Up Most Of PI, Including CARO And Staff
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Cantor Fitzgerald L.P., the newly restructured Cantor Fitzgerald Inc., has acquired the source code to PI Systems Ltd.'s product line, and has hired five of PI's support and development staff, including PI founder and former chairman Marshall Caro. Though terms of the deal weren't disclosed, sources say it marks the end of PI Systems (formerly Programit Inc.) as a provider of local data distribution systems.
As part of the deal, Cantor has assumed responsibility for the support of all but two of
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