NU Online News Service, June 17, 11:45 a.m. – Financial Interactive Inc., San Francisco, a company that develops fund administration systems, has licensed its FundRunner Suite software to Lighthouse Partners L.L.C., Palm Beach Gardens, Fla., and Lyster Watson & Company, New York.

Both companies manage “funds of funds,” which spread assets among money managers with a wide range of investment strategies.

The fund companies will be using the Financial Interactive software to handle tasks such as managing client correspondence, Financial Interactive says.