Olin Broadway, a founder of one banking software firm and co-founder of
Sonata Systems Inc., based in Charlotte N.C., will update community bank
Sonata, which was formed last month, bought the software this month. Mr.
He said Sonata is improving the way Lundy-FMS, a 10-year-old software
The improvement is necessary, he said, because "the great majority of
About 250 banks use the Lundy software to run their branches, down from
Sonata has already added features to the software and improving the way
Sonata executives said they expect to have improved its networking
And by yearend, the system should be running in the Microsoft Windows
Though building Sonata on an existing product line and customer base is
"The problem with revamping any product is that you never change the
"Most products don't have infrastructure to deal with the needs of
Phoenix, based in Maitland, Fla., has a client-server-style branch