Barra has closed its merger with plan sponsor consultant RogersCasey & Associates, making RogersCasey a wholly-owned subsidiary of Barra. The deal was first announced in May (IMT, May 10). In other Barra news, the vendor's second quarter earnings statement shows a 70 per cent increase in net income--from $1.4 million in last year's second quarter to this year's figure of $2.4 million. Quarterly operating revenues, at $17.7 million, rose 27 per cent from $14 million.
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