ADP Plans To Buy ISS; Makes Convert Of Ark

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AUTOMATED Data Processing Inc. has signed a letter of intent to purchase Investment Software Systems Inc. (ISS), a Littleton, Mass.-based software vendor that primarily develops and markets news processing and news management services for buy-side institutions. Meanwhile, in a separate deal--driven by the impending purchase of ISS--Ark Asset Management Co. has decided to switch from its Shark Information Services Corp.-supplied retail quote service to ADP's FS Partner platform to support its

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