Encompys struggles on


NEW YORK--Advent Software has announced that it is taking a loss on its $9 million investment in Encompys, the buy-side-oriented straight-through processing ASP venture (BSIT, May 2001). Advent is one of several vendor partners in the Accenture-led effort, with others including Bank of New York, Compaq and Microsoft.

Despite the seemingly dire implications of such an announcement, Michael Lane, chief marketing officer for Encompys, says the company is still pursuing a second round of financing

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