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Five companies invest $244M in S1

Published on .

J.P. Morgan & Co., Zurich Financial Services Group and three other companies have taken a $244 million equity stake in S1 Corp., one of the premier financial software vendors. The deal comes after S1 recently signed a broad marketing pact with IBM Corp. Other investors include State Farm Mutual Automobile Insurance Co., FleetBoston Financial Corp. and Allianz AG.
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