M-Search database sold by CheckFree

CheckFree sold its M-Solutions business unit to Informa Investment Solutions, confirmed Hillary Fiorella, CheckFree vice president of marketing. Terms were not disclosed. The unit produces the M-Search money management database and CheckFree's M-Pact and M-Watch applications, which assist firms in creating and delivering investment proposals. James Royal, spokesman for Informa, did not return a call seeking comment.