Unwilling To Roll Its Own, Templeton Begins To Shop

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After determining that it is better to buy than to build a portfolio accounting system, Templeton Worldwide Inc.--a Fort Lauderdale, Fla.-based investment management firm with some $43 billion in assets under management--is shopping for a replacement for its incumbent system, Maximum Data Corp.'s International Portfolio Management System (IPMS). Templeton is a subsidiary of financial holding company Franklin Resources Inc.

According to Martyn Greene, senior vice president of information servi