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Calastone User Group
October 13, 2013
Idea Group were delighted to attend the 8th October Calastone’s User Group meeting in the City of London.
The event was hosted by Calastone’s Philip Goffin who introduced a number of senior members of the Calastone team, who together presented a compelling view of both the company’s growth and future plans.
Most significant was the announcement that Calastone had successfully completed an 18 USD million round of investment led by Accel Partners with participation from existing investor Octopus Investments. Philip reported that the investment will be used to accelerate the Calastone’s global growth strategy, with a focus on Asia Pacific and Europe, in addition to expanding its product range.
The team also talked at length about plans to continue to support UK developments and hinted that a number of senior hires would be announced in the coming weeks.
Idea Group Managing Director, Ian Lyall, said that his overall impression was that Calastone are poised to embark on the next chapter of their impressive development as a business. He added that with agreements on investment in place, together with ambitious vision and plans, Calastone will continue to gain market penetration and introduce efficiencies for their growing client base. Commenting on the strong relationship between Calastone and Idea Group, Ian said that there were a number of projects where the two firms are pooling research and resource to create new solutions for the market.
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