Mellon to buy web-based investment solutions firm

US – Mellon Financial Corporation and Eagle Investment Systems have signed an agreement whereby Mellon will acquire Eagle, a privately held developer of web-based investment management software solutions.

The move will benefit primarily Mellon Global Securities Services (GSS) by expanding the firm’s range of investment support services.

Says Jim Palermo, president of Mellon GSS: “Eagle's principal products - Eagle STARTM, a Web-based global investment accounting system, and Eagle PACETM, a Web-based investment data hub and portfolio management system - provide an ideal investment administration platform, particularly in a T+1, straight-through-processing environment.”

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