Smith Barney Signs Seven-Year Contract With ADP, As Quotron Prepares To Fight Back
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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
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