Group Raises Stake in Platinum Software

BKP Capital Management Inc. and its affiliates raised their stake in Irvine-based Platinum Software Corp. to 8.1% from 7.1% of the financial software developer’s common stock.

The investment group purchased 208,500 shares at $10.98 to $12.75 a share between Oct. 28 and Dec. 6, according to a report filed this week with the Securities and Exchange Commission. BKP investors now hold 1.49 million shares in Platinum Software, which has been trading around $12.50 per share on the Nasdaq market.