Belvedere Weds Clarke+Tinney, Scudder Likely To Buy GPS?
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CLARKE+TILLEY Ltd., the London-based software developer, has acquired a majority stake in Belvedere Financial Systems Inc., creating a new vendor dubbed DST Belvedere Inc. The deal comes in the wake of DST Systems Inc.'s acquisition last month of Clarke+Tilley.
The merger was triggered, at least in part, by expected customer demand for Belvedere's new Global Portfolio System (GPS). Among others, sources say New York-based investment firm Scudder, Stevens & Clark is likely to buy the product.
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