At Press Time: Melson Acquires A Division Of Magnus Software

WatersTechnology Staff
16 Feb 1996

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As expected (IMT, May 26, 1995), Northbrook, Ill.-based Melson Technologies Inc. has acquired the Investment Management Systems division of Magnus Software Corp. from New York Life Insurance Co. Melson Technologies--a wholly owned subsidiary of the Netherlands-based holding company Aegon Insurance Group--entered into negotiations with the Atlanta-based vendor in early May last year.

Details of the purchase, which was announced as IMT went to press early Tuesday morning, remain sketchy. But it

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