ADP agrees to acquire Investment Software Systems.JERSEY CITY, N.J.--(BUSINESS WIRE)--Dec. 12, 1994--ADP Information and Processing Services Division (ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. IPS) has signed a letter of understanding to acquire the stock of Investment Software Systems (ISS ISS See Institutional Shareholder Services (ISS). ) of Littleton, Mass. Terms were not disclosed. ISS is a software development firm specializing in the development and integration of realtime news processing systems for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms. Its NewsANALYST product processes and manages news from many sources in realtime and provides full text filtering of incoming news stories, using natural language queries. Users include major financial institutions, international investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. and investment management firms. ADP, with approximately $2.4 billion in revenues and more than 300,000 clients, is one of the largest independent computing services firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Information and Processing Services Division of ADP is the leading supplier of front office information systems and third-party transaction processing to the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. investment community. The ADP Financial System Partner is the most widely-used advanced quotation and information system in North America with more than 80,000 in use at brokerage firms, investment banks and money management firms worldwide. CONTACT: ADP
Colleen Murphy, 609/727-2139
or
ISS
Patrick Schena, 508/486-1000
or
Bozell, Inc.
Evelyn DeLuca, 212/484-7400
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