ADP Acquires Multex Inc. OS/2 Technology


In an effort to jump-start its OS/2 development crusade, ADP's Brokerage Information Services Group has acquired Multex, Inc., a small New York software vendor specializing in real-time market data applications. At the same time, ADP has scaled back development plans for its "Producers" broker productivity software, resulting in dozens of layoffs.

In a statement, Multex characterizes the ADP deal as "the sale of financial software products," but several sources within ADP say the deal is an o