Micropal Group, a mutual fund performance measurement firm based in London, is expanding its U.S. operations.
The company's U.S. unit, Micropal Inc., Boston, recently purchased a mutual fund software company, Investment Products Group, from Wyatt Software Services Inc.
Wyatt Software Services is a unit of Wyatt Co., a human resources consulting firm based in Washington. Terms of the sale were not disclosed.
The Investment Products Group, based in Portland, Ore., has two main product lines: AIM software for portfolio analysis and Wycash+ software for fixed-income accounting.
The newly combined companies plan to develop products and services for the investment community, said Alvin Begun, president of Wyatt Software Services.
