Deloitte sells Prophet


Global consulting and auditing partnership Deloitte is selling its Prophet asset & liability modelling software business to Sungard, the global technology provider. The sale, which had not been announced by Deloitte when Life & Pensions went to press, has been driven by US Sarbanes-Oxley legislation, which restricts firms providing auditing and consulting services to the same client. According to sources familiar with the deal, Deloitte member firms worldwide will maintain their use of Prophet

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