Star Data To Purchase Fund Software Vendor Baycom For C$17.7M

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Canadian quote vendor Star Data Systems Inc. has signed a letter of intent to acquire Baycom Inc., a Toronto-based supplier of integrated support services for the Canadian investment industry for Canadian $17.7 million in stock and cash. Officials from both companies say that the acquisition will be finalized by the middle of November.

In its new issue and secondary public offering prospectus published last June, Star Data outlined a growth through acquisition strategy (IMD, July 3). Baycom will

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