Morgan Stanley Takes An Interest In Suppliers
MANAGEMENT & STRATEGY
Creating a software subsidiary would be in keeping with a recent trend at Morgan Stanley to take a financial interest in companies that supply it with technology.
Morgan, of course, does so in the hope that it can share in the profits from the highly specialized programs that result from such unions.
Toward this end, Morgan signed a $3.65 million "strategic agreement" earlier this year with upstart Persistence Software, of San Mateo, Calif., to build an enterprise-wide, real-time object
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