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March 15, 2007
Hedge Fund Tudor Jumps On Trampoline
London-based Trampoline Systems, a four year old software that bills its software as harnessing social behaviour, has raised £3M from Tudor Group funds. This would make it the hedge fund's sixth deal in recent months.
The capital is to grow sales operations, intensify R&D and establish a strategic presence in North America, the firm said in a statement.
This one has an unusual tech spiel. It was the "brainchild" of an ethnographer [someone that studies races of men, according to our aging Oxford dictionary] who spent 12 months doing "field research" on the underlying social behaviours involved in information management on the Isle of Scilly.
The Isles of Scilly, which belong to the UK, are better known for unsullied nature than a hothouse of IT but that's what the press release said.
The company says its software doesn't work against the methods "humans have evolved to distribute information". It has Oracle as a partner and Raytheon is a pilot customer.
View Trampoline Systems
Read - Hedge Fund Tudor Makes Fifth Deal (a:c euro)
Posted on March 15, 2007 07:58 PM | Posted to | Permalink
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