Kurtosys buys FundWorks in strategic growth move

According to Mash Patel, chief executive of Kurtosys, acquisitions play a key role in his firm's growth strategy; this latest move, he says, is an especially good fit given the nature of the firms' technology offerings. "FundWorks has a complementary product set - we're strong in the database and workflow space, while FundWorks' strength is in what we call usability tools - template and reports designers, and ad hoc reporting. We also felt that FundWorks had a strong traditional asset management