Startup Goes After Mid-Size Managers With Integrated Software System


BEND, Ore.-- Blue Chip Development Corp. is shipping version 1.5 of its flagship product, Carabiner. The product is aimed at money managers with up to $5 billion in assets under management, a strategy that puts the company in direct competition with Advent Software Inc. and Charles Schwab Inc.'s Schwab Institutional Services Group, which sells the Centerpiece portfolio management system to financial consultants and investment advisers.

Carabiner combines portfolio management, performance meas