Quotron Systems Inc. and PaineWebber Inc. finally announced a multi-year renewal agreement covering Quotron's contract to provide PaineWebber with quote service. Under the new agreement, PaineWebber is expected to switch controller device gradually to the IBM RS/6000 from Quotron's Q1000, and use IBM microcomputers rather than dumb terminals as user workstations.
The five-year contract is valued at about $60 million to Quotron, sources close to the deal say. PaineWebber pai
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails