Transactplus Seeks New Round of Financing
ORGANIZATION AND STRATEGY
SAN FRANCISCO--Transactplus, a spin-off of JP Morgan Chase’s Labmorgan technology unit that provides IP message authentication and verification, has been temporarily put on ice by the bank, Trading Technology Week has learned.
Transactplus is still in the midst of its third round of funding, which started late last year (TTW, Oct. 1, 2001), and is to return to a reduced operating level by the end of May, says vice president of marketing Michael Brill.
Staff has been reduced from a peak of 80 in
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