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Article: Computershare Sells Its Summit System to Wilco.(Brief Article)
- Article from:
- Securities Industry News
- Article date:
- February 26, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Computershare, the world's largest transfer agent, will sell its Summit broker/client accounting system to Wilco International, a software subsidiary of Automatic Data Processing, for $3.38 million.
The Summit system, the newest product within the Computershare Technology Services unit, is an oddity among the other services in that it is only sold in Australia and New Zealand. Other Computershare products such as ASTS, a trading system, and ORMS, an order management system, have been sold worldwide-ASTS to about 14 exchanges, including New Zealand, Oslo, Helsinki, Budapest and the American Stock Exchange, and ORMS to Instinet and an undisclosed bank in Australia.