Investment accounting systems firm Premier Solutions Ltd. announced earlier this week it has agreed to acquire National Investor Data Services Inc., a developer of portfolio management software.

The acquired company, also known as NIDS, makes investment management and mutual fund accounting products for securities firms, insurance companies, and trust companies. Based in Southampton, N.Y., the company has 70 clients, including Gibraltor Advisors, a unit of Prudential Securities, and Investco Trust Co. Financial terms were not disclosed.

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