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  1. Technology
June 26, 1990

TEXAS INSTRUMENTS TO BUY CONTROL DATA INSURANCE UNIT

By CBR Staff Writer

More divestments at Control Data Corp: it has agreed to sell its insurance investment system business and related technology to Texas Instruments Inc. Product development work, business, employees and technology will transfer to Texas on closing at the end of the month, the current Investment Management Information System product, business and employees will follow at year-end. It will become part of Texas’ Information Technology Group which markets the Information Engineering Facility computer-aided software engineering product and is earmarked for expansion by Texas. Terms of the sale were not given.

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