Caplin Systems Scales Back European Business

VENDOR UPDATE

LONDON--Caplin Systems, a UK-based developer of market data and messaging software, has begun redundancies in a reorganization of its European staff.

Mandy Sinclair and David Austin-White, both in sales, were made redundant two weeks ago, confirms group CEO Paul Caplin.

Caplin says that the company will also eliminate "a small number" of technical and administrative staff, including a few developers, over the next few weeks. There may be one further redundancy in addition to those. After the

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