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Financial Software - Wednesday, October 10, 2007

Israeli Trading Platform Traiana Bought For $238M+

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Traiana has been acquired by ICAP (LSE:IAP) for $238M in cash plus $9M in ICAP shares. VC-backed Traiana sells automated post-trade processing services to financial institutions while ICAP is a large inter-dealer broker. Funded in 2000, Traiana has raised $42.5M from Pitango Venture Capital, Gemini Israel Funds, Evergreen Venture Partners, Sequoia Capital, and others.

Traiana says it expects revenues of $15M this year, up 40% from 2006.

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