MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

At press time, word emerged that Automatic Data Processing Inc. has agreed to purchase Stockmate Financial Systems Inc. According to an ADP spokesperson, the vendor--which markets the leading North American stock quote system under the aegis of its Financial Information Services unit--has signed a contract to buy "certain assets" of Stockmate. (FIS was previously known as ADP's Brokerage Information Services Group, or BISG.) Specifically, she says, ADP will soon own Stockmate's installed bas