bolero.net secures $30 million in private placement

Electronic trade community announces new funding and a new technology partner.
Bolero.net, a secure electronic system for transmitting trade documents, has secured $30 million in a private placement led by private equity investment group Apax Partners.

Bolero.net offers services designed for use by importers, exporters, shipping organisations and financial institutions. It launched in September 1999 offering services that include the secure delivery of documents the electronic transfer of ownership of goods and a universally binding legal framework.

The company was created in 1998 by the international financial messaging co-operative SWIFT - the Society for World-wide Interbank Financial Telecommunication - and The TT - Through Transport - Club, which is a mutual insurance vehicle for the world's container fleet carriers, ports and terminals and...

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