The Big Mergers Of 1998 Led To System Consolidations

NEW YORK--The big institutional investors certainly got bigger in 1998, due in no small part to the industry consolidation that has been in full swing for the last couple of years. All the consolidation created a need to at least review computer systems, if not replace them entirely.

While the systems of the acquired companies weren't necessarily being scrapped as a reflex action to the mergers, the end result was often the demise of old, often proprietary systems in favor of new, usually off