Smith Barney, Harris Upham & Co. last week signed a seven- year contract with Automatic Data Processing Inc. for some 4,200 FS Partner AF quote terminals to be installed at approximately 100 branches. Coming at the end of a trying year for Quotron, the deal strips the data vendor of its second-largest customer and some $9 to $11 million in annual revenue.
The leaner vendor is also meaner. A Quotron source says it plans to file an amendment naming Smith Barney as a defendant and contributory
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails