Kurtosys raising round for financial compliance software
Kurtosys Systems is raising a new round of venture funding for its financial compliance software business.
The London company was founded in 2002 with the aim of creating reporting and information management software for financial services companies. It creates software that enables a company to comply with financial reporting laws. The company has offices in London and New York. The company’s offerings include software for reporting portfolio results to investors such as private banks and wealth managers, fund administration and asset servicing, and investment management.
VentureBeat has learned that the company is raising an $8.5 million second round. Investors include True Ventures of Palo Alto, Calif. The company did not respond to a request for comment.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.