Kidder Asset Picks Security APL Despite Parent Co.'s Urging

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Kidder Peabody Asset Management Inc. has ended a year-long evaluation process by signing an agreement with Security APL to make use of that vendor's service bureau-based portfolio management and accounting system. The firm plans eventually to bring the system in-house; the project could affect as many as 50 users in the firm's operations and portfolio management divisions.

According to one Kidder Asset official, the decision to install Security APL--taken three weeks ago--proved to be a diffi

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