Consco

Consco Enterprises was a software development firm headquartered in Edison, New Jersey, United States in the early to late 1980s. Consco's primary product dubbed Consolidation, was based on pegboard accounting principles and designed to generate complex quarterly and annual tax reports for large multi-national corporations. Pegboard systems were and are still sold nationwide by "Control o fax" in Waterloo,Iowa.

The main Consolidation product was later packaged with other Consco financial applications, such as Currency Conversion, which added functionality. The package was named Accounting Information System, or AIS. Some AIS clients included Campbell Soup Company,^[1]Miles Laboratories,^[2]LTV Corporation,^[3]Owens-Illinois,^[4]Texaco,^[5]Pennzoil,^[6] The Tennessee Valley Authority and Cummins Engine Company.

Consco's shares were traded on NASDAQ under the symbol CNSO. An unrelated company, CNS Response, now uses that symbol.

In 1988, the company sold its product line to Computer Associates.^[7]

In May 1984, Seymour Altucher was the company's chairman.

References

1. ^ Philadelphia Inquirer Financial Section Apr 26, 1984
2. ^ PR Newswire July 18, 1984
3. ^ PR Newswire July 16, 1984
4. ^ PR Newswire May 31, 1984
5. ^ PR Newswire November 14, 1984
6. ^ PR Newswire May 13, 1986
7. ^ "Consco sells product line to Computer Associates. (Consco Enterprises Inc., Computer Associates International Inc.)". press release. May 26, 1988. http://www.highbeam.com/doc/1G1-6375772.html. Retrieved 27 December 2009.