To Expand Insurance Client Base, SS&C Buys Policy Mgmt.'s Cims

PORTFOLIO SYSTEMS

IN a move apparently designed to strengthen Securities Software & Consulting Inc.'s presence in the insurance company marketplace, the vendor has purchased the assets of Policy Management Systems Corp. (PMSC), including its line of so-called Corporate Investment Management System (Cims) portfolio management products. SS&C has declared that it will continue maintenance and support for all of PMSC's outstanding contracts. Included in that list of contracts are PMSC clients who employ either of