Article: IBM, U.S. Trust Corp. to form joint venture to provide integrated trust application systems.

IBM, U.S. TRUST CORP. TO FORM JOINT VENTURE

TO PROVIDE INTEGRATED TRUST APPLICATION SYSTEMS

PURCHASE, N.Y., Sept. 26 /PRNewswire/ -- IBM Corporation and U.S. Trust Corporation (NASDAQ: USTC) today announced their intention to form a new joint venture, Financial Technologies International L.P. (FTI), which will provide integrated information systems solutions to trust banks and other customers in the financial services industry.

FTI will develop, market and support trust and investment management software products. These new solutions will be based on the hardware, software and service offerings of IBM and Financial Technologies ...

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