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Article: Computer Associates sues to dissolve venture. (Computer Associates International Inc.; Newtrend Group)

Article from:
American Banker
Article date:
September 2, 1993
Author:
Copyright

Computer Associates International Inc. has filed suit to dissolve its partnership with banks systems firm Newtrend Group seeking to regain control of banking software it once sold.

In the suit, filed last week in chancery court in Delaware, Computer Associates asked to dissolve CA Newtrend Inc., which the Islandia, N.Y.-based software vendor formed in 1991 with Newtrend Group of Orlando.

The partnership was meant to be synergistic. It allowed Computer Associates, one of the world's largest software firms, to sell its Infopoint commercial banking software, line through a vendor with industry savvy.

Diversification Play

The deal also ...

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