CLARKE+TILLEY Ltd., the London-based software developer, has acquired a majority stake in Belvedere Financial Systems Inc., creating a new vendor dubbed DST Belvedere Inc. The deal comes in the wake of DST Systems Inc.'s acquisition last month of Clarke+Tilley.
The merger was triggered, at least in part, by expected customer demand for Belvedere's new Global Portfolio System (GPS). Among others, sources say New York-based investment firm Scudder, Stevens & Clark is likely to buy the product.
It’s a trio of problems: Mifid II’s data problem; blockchain projects stalled; and data quality issues for machine learning.Subscribe to Weekly Wrap emails