State Farm Maximis Buy Is A First For Premier
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Bloomington, Ill.-based State Farm Insurance Co. has selected the mainframe-based version of Premier Solutions Ltd.'s Maximis portfolio accounting system to support its investment accounting unit. While officials at State Farm decline to comment on the selection, other sources say the deal was struck less than 30 days ago. These sources say that State Farm is currently in the process of installing the system to run on an IBM mainframe.
The deal, which went down shortly after Premier's acquisition
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