Vendors Find New Sources And Uses Of Capital; Shareholders Cash In

PORTFOLIO SYSTEMS

Several portfolio management systems companies tapped new sources of capital and plowed it into acquisitions and product development.

Advent Software, with $24 million in fresh working capital from its initial public offering in late 1995, began and ended the year with two new product releases and two acquisitions.

In February, the San Francisco-based software house acquired Data Exchange for $4.8 million in cash. Advent was primarily attracted to Data Exchange's products and competencies in

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