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

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