ADP Acquires Multex Inc. OS/2 Technology
THIS MONTH'S LEAD STORIES
In an effort to jump-start its OS/2 development crusade, ADP's Brokerage Information Services Group has acquired Multex, Inc., a small New York software vendor specializing in real-time market data applications. At the same time, ADP has scaled back development plans for its "Producers" broker productivity software, resulting in dozens of layoffs.
In a statement, Multex characterizes the ADP deal as "the sale of financial software products," but several sources within ADP say the deal is an
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