Sungard Acquires MIS; Bows New Insurance Systems Unit


As expected (IMT, Aug. 4), Sungard Financial Systems Inc. has joined forces with Market Investment Solutions Inc. (MIS), a rival in the hotly competitive insurance-company investment management technology marketplace. In a deal closed Aug. 9, Sungard acquired the assets of its competitor, and quickly announced plans to merge MIS's operations, products and services with those of its own ISA unit--also known as Sungard Financial's "insurance systems division." The merged entity has been dubbed

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