Friday, July 25, 2014

Allegro Development In Recap

Dallas-based energy trading and risk management software developer Allegro Development has been recapitalized by private equity investors Vector Capital and Cerium Technology, the two companies said late Thursday. Financial details of the recapitalization were not disclosed. As part of the funding, the new investors have named Jason Liu as Allegro's interim CEO, and also added David Fishman and Andy Fishman of Vector Capital to its board. Allegro Development had been founded in 1984.