IN BRIEF

Goldman Sachs has made a minority equity investment of $20 million in Eze Castle Software, a technology provider to the global investment management market. In addition, Goldman Sachs Managing Director Duncan Niederauer will join the board of directors. Eze Castle is also opening up offices in four other markets, building on its initial presence in Boston where its headquarters are located. The new offices will be located in San Francisco, New York, London and Stamford, CT. Eze Castle Software was founded in 1995.

Javelin Technologies has reached an agreement to provide Yahoo! Inc. with its Coppelia FIX software which will enable Yahoo! to receive FIX-protocol-based data feeds from three electronic communications networks (ECNs). Instinet, Island and Archipelago will now be able to deliver real-time stock quotes to Yahoo! customers. Javelin Technologies is a provider of FIX solutions for the global financial marketplace. Its clients include Fidelity Management Research and Thomson Financial.

Global Investment Systems, an international investment industry software company, has released version 6.0 of its mutual fund accounting and administration system, MFACT. MFACT is used by mutual fund and unit trust organizations responsible for the administration of NAV calculations and compliance reporting for mutual funds and pension funds. The major enhancements include the addition of an "On-line Help" facility and "Web-based Knowledge Database." Both features are intended to make it easier for users to understand how the system works.

Princeton Financial Systems, provider of the PAM family of investment-management systems, has licensed PAM to Natexis Banques Popularies NY branch, the U.S. subsidiary of Paris-based bank Natexis Banques Popularies. The NY branch, which has assets under management of approximately $1 billion, will use PAM for the bank-s proprietary investment portfolio. Natexis Banques began searching for a new investment management and accounting system because its existing proprietary system lacked the capability to effectively amortize and report on the ABS and MBS.