Princeton Is Next Target In Grand State Street Plan

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INCREASING its profile as a player in the investment management technology and institutional financial services marketplace, State Street Bank & Trust late last week announced that it planned to acquire Princeton Financial Systems. Though the intended purchase price could not be determined at press time, the Princeton, N.J.-based vendor anticipates revenues of more than $20 million this year, much of it from sales of its Pam portfolio management and accounting system. State Street Bank & Tru

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