Morningstar to Acquire Maker of dbCAMS

Morningstar Inc. announced August 11 that it will acquire Oakland, Maryland-based Financial Computer Support Inc. (FCSI), the maker of the dbCAMS+ portfolio management software. After the acquisition is complete, Morningstar plans to incorporate dbCAMS, which provides portfolio management, CRM, and customer billing, into its Principia product line. Chris Boruff, president of Morningstar’s advisor business, said in a statement that “by bringing these two popular software applications together in a single product suite, advisors will have powerful options for integrating investment data and analytics with client performance reports.”