IBC USA acquired Effron Enterprises, which provides customized portfolio accounting and performance measurement software, and Plan Sponsor Network, which offers money managers performance evaluations software. Terms were not disclosed.
Barry J. Effron, founder of both acquired companies, will continue as president of each company, according to a statement from IBC USA, a financial information company. Peter Rigby, chief executive of IBC, said he plans to maket PSN and Effron Enterprises products beyond the U.S.
