Software race gains challenger: Techfi closing in on Schwab, advent.

From: Investment News | Date: May 27, 2002| Author: Southall, Brooke | Copyright information

The two-horse race between Advent Software Inc. and Charles Schwab Corp.'s Performance Technologies Inc. has turned into a three-horse race.

Galloping into the picture is Techfi Corp. of Denver, winning 20 to 30 new accounts each month from financial advisers whose assets range from $20 million under management to $20 billion.

Tech firms upend each other every day, but that wasn't supposed to happen. The portfolio management software market favors incumbent p...

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Software race gains challenger: Techfi closing in on Schwab, advent.
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