A Flurry Of M&A Activity

VENDOR STRATEGIES

Last year, Automatic Data Processing acquired new properties to broaden its financial information services and attract more money managers.

At the same time, the consistently profitable company went through a series of management changes at the top of its corporate structure, including chief executive Josh Weston, who retired, and chief financial officer, Fred Anderson, Jr., who went to Apple Computer.

At ADP's division that sells to brokerages and money managers, Ralph Koehrer, stepped down (

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