Sungard To Acquire Premier For Trust Accounting

Sungard Data Systems is expanding its presence in the trust accounting system marketplace by acquiring Malvern, Penn.-based Premier Solutions. While Premier's software will fold nicely into the suite of trust accounting products already offered by Sungard Asset Management--a subsidiary of Sungard Data Systems--Premier president and CEO G.A. Mossman, and the vendor's long-ailing Maximis system, will not.

Less than 90 days after Sungard approached Premier, James Ashton, Premier's executive v.p.