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OpenFin has raised $15 million for its capital markets software business from Bain Capital Ventures, DRW Venture Capital, JPMorgan, Euclid Opportunities, Nyca Partners, Pivot Investment Partners and an undisclosed list of angel investors and financial industry executives; the OpenFin software can easily automate upgrades and has a unified interface for desktop applications; it is utilized by sell-side and buy-side analysts for a range of applications. Source
Messaging app Symphony will be integrated into OpenFin’s platform in hopes of creating a competitor to Bloomberg; “By enabling Symphony to run on the OpenFin operating system, we are making it easy for our mutual customers to unify the Symphony desktop experience with their other OpenFin-based apps," Mazy Dar, chief executive of OpenFin, said as reported by Business Insider; with the integration they are hoping to create a lower cost product and eat into some of the dominance that Bloomberg has over the market. Source.