Forty Two Objects secures £2 million seed funding from 3i

Forty Two Objects secures £2 million seed funding from 3i

UK-based Forty Two Objects (42), a start-up technology company specialising in the provision of Web services to the financial services sector, has received £2 million in seed funding from European venture capital firm 3i.

Forty Two Objects provides a range of re-usable business objects delivered as Web Services and deployed upon the latest technology including Java/J2EE application servers.

The objects can be implemented individually, or combined to create mini applications such as a commission or margin service, or included as core components of a wider enterprise application or business process workflow.

Jeremy Wood, CEO, Forty Two Objects, says: "The blue print for the future is based upon the provision of componentised business and technology services. The days of large monolithic and proprietary applications are well and truly numbered. 42's Business Web Services will form a key part of the business layer within service oriented architectures."

The 42 Objects' management team includes chairman Mike Shone, who was previously CEO of Anite Systems and founder of Software Sciences, CEO Wood and CFO John Allen, both former co-founders of OST Business Rules, and CTO Rob Payne who has previously held senior development positions at Royal Bank of Scotland, Tullett & Tokyo, Nomura and Barings.

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