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Orchestra Networks secures €1,5 million funding from Elaia Partners to support growth in the MDM market

PARIS, France, May 14, 2007. Orchestra Networks, the leading provider of Master Data Management (MDM) solutions, today announced it has raised €1.5 million in a round of financing with ELAIA Partners, a venture capital firm focused on software technologies.

The increasing complexity of large company IT systems and the need to share reference data between various heterogeneous applications have led to the recent emergence of specialized solutions for master data management (MDM).

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