Confluence Technologies Inc., a Pittsburgh-based software and consulting company, will install mutual fund processing software at SEI Corp.

The product will be used by approximately 100 analysts and supervisors in the company's accounting division. The software, Fundstation, runs under Microsoft Windows, and automates the collection of net asset values and distribution rates into a central data base, the calculation of yields and rates of return, and the distribution of information to internal and external clients and systems.

Wayne, Pa.-based SEI Corp. has several lines of business, one of which is serving bank's proprietary mutual funds.

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