In Brief: Mellon Purchases Software Firm Eagle

BOSTON — Mellon Financial Corp. announced Wednesday that it had completed its acquisition of Eagle Investment Systems Corp., a provider of Web-based investment management software.

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Eagle, which will operate as a subsidiary of Mellon Global Securities Services Co., will continue to conduct its primary business of licensing software from its headquarters in Newton, Mass.

Mellon GSS provides custody and investment manager services worldwide.

Jim Palermo, the president of Mellon GSS, said that both companies have received “tremendous interest” from clients and prospective clients about their combined capabilities.


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