Integral Development raises $11M for electronic foreign exchange trades

June 2, 2009 | Camille Ricketts | Comments | |

Integral Development, provider of a software platform that connects global financial institutions for electronic foreign exchange trading, just raised $11 million in a round of capital provided in part by Adams Street Partners. The system allows individual investors to make their own trusted trades or broker trades for clients, reports VentureWire.

Based in Mountain View, Calif., the 100-employee company has also taken financing from Accel Partners, Hudson Ventures, MMV Financial and Sand Hill Capital. It recently hit profitability and is looking to expand its sales and customer support departments.

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About the Author, Camille Ricketts

Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.

With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.

  • pilkington
    It recently hit profitability and is looking to expand its sales and customer support departments.it is very interesting blog.i got more information.