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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