Right after canceling its initial public offering for e-Profile in mid-December, Sanchez Computer Associates Inc. fired the top two managers of the division, the company has confirmed.

e-Profile provides core systems outsourcing for Internet-only banks and traditional banks’ Web offshoots. When the spinoff was withdrawn Dec. 14, Sanchez, of Malvern, Pa., cited adverse market conditions: Michael Sanchez, chairman of the parent company and the chief executive officer of e-Profile, said the dot-com doldrums would have blinded the equities market to e-Profile’s real value.

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