Nationwide Selects Pam After Attempt To Deplo Magnus' SMS Fails

PORTFOLIO SYSTEMS

Following a prolonged though unsuccessful attempt to deploy Magnus Software Inc.'s Securities Management System (SMS), Nationwide Mutual Insurance Co. has selected Princeton Financial Systems Inc.'s Pam for Securities portfolio management and accounting system to support its $64 billion in assets under management.

Officials at both Nationwide and Princeton decline to comment on details of the selection. However, sources close to the deal say the insurer tapped Princeton early last month to m

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