Interactive Data Completes Acquisition of Quote.com Assets from Lycos, Inc.
March 06 2006 - 4:05PM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading global provider
of financial market data and analytic tools to institutional
investors, active traders and individual investors, today announced
the closing of the Company's acquisition of the assets of
Quote.com(R) and certain other related assets from Lycos, Inc for
$30 million in cash. Quote.com, also formerly known as the Lycos
Finance division, markets four distinct offerings that deliver
financial content and trading tools primarily to active traders and
individual investors. These include the subscription-based
QCharts(TM) and LiveCharts(R) services that provide real-time
streaming data and decision support tools to help active traders
formulate investment strategies, as well as Quote.com, a financial
news and analysis website, and Raging Bull(TM), an online
investment community and message board site. The assets of
Quote.com will now be operated as part of Interactive Data's
eSignal business. About eSignal The eSignal division
(www.esignal.com) of Interactive Data Corporation is a leading
global provider of financial and business information to
professional and active individual investors. Building on a 20-year
legacy of delivering time-sensitive financial information, eSignal
provides streaming, real-time market data, news and analytics.
eSignal's suite of products includes eSignal(R), Advanced GET(TM),
QuoTrek(R), FutureSource(R), MarketCenter(TM), and MarketCenter
LIVE(TM). About Interactive Data Corporation Interactive Data
Corporation is a leading global provider of securities pricing,
financial information, and analytic tools to institutional and
individual investors. The Company supplies time-sensitive pricing
(including evaluated pricing), dividend, corporate action, and
descriptive information for more than 3.5 million securities traded
around the world, including hard-to-value instruments. Many of the
world's best-known financial services and software companies
subscribe to the Company's services in support of their trading,
analysis, portfolio management, and valuation activities.
Interactive Data Corporation is headquartered in Bedford,
Massachusetts. Through its branded businesses, FT Interactive Data,
ComStock, CMS BondEdge, and eSignal, Interactive Data Corporation
has approximately 2,100 employees in offices located in North
America, Europe, Asia, and Australia. Pearson plc (NYSE: PSO), an
international media company, whose businesses include the Financial
Times Group, Pearson Education, and the Penguin Group, owns
approximately 62 percent of the outstanding common stock of
Interactive Data Corporation. The FT Interactive Data business
includes FT Interactive Data Corporation, a Delaware corporation.
The ComStock business includes ComStock, Inc., a New York
corporation.
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