PNC Completes Albridge Deal

PCN Financial Services Group has completed its acquisition of Albridge Solutions Inc., a Lawrenceville, N.J.-based provider of portfolio accounting and enterprise wealth management services. No financial terms were disclosed. Albridge Solutions had raised $23 million in VC funding between 2000 and 2003, from firms like Boston Ventures, Charterhouse Group International, Desai Capital Management, Axiom Venture Partners, Hudson Venture Partners, ING Aetna Financial and Allianz Private Equity Partners.