Catapult International obtains financing

Catapult International obtains financing    Catapult International, a developer of rate management software for international shippers and freight forwarders, has closed on its first round of institutional financing in the amount of $2 million.
   The company's capital infusion was led by Five Elms Capital.
   Catapult said for the past two years it has been 'operating under the radar,' developing its rate management software through feedback from large shippers and forwarders. Some users of Catapult’s rate management tools are ITT, Econocaribe Consolidators, and Crane Worldwide.
   Matt Motsick, Catapult's chief executive officer, said the newly available capital will 'allow us to continue providing a flexible rate management tool while further developing our software offering.”