The U.S. unit of a Japanese trust company is working with a start-up software company to upgrade a global trust accounting system that runs on a network of personal computers.

Dai-Ichi Kangyo Trust Company of New York, a unit of Dai-Ichi Kangyo Bank of Tokyo, already has signed a $1 million global licensing agreement for the existing software with the start-up software vendor, Cambridge Technology, based in East Brunswick, N.J.

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