Interactive Data Completes Acquisition of Assets Comprising Xcitek's Market Data Business
May 02 2007 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services to financial
institutions, active traders and individual investors, today
announced the closing of its acquisition of the assets comprising
the market data division of Xcitek LLC, as well as the market data
assets of its affiliate Xcitax LLC, for $25.3 million in cash.
Xcitek�s market data business provides a broad range of North
American corporate actions data, including reorganization
information, as well as valuable cost basis and class action data.
Xcitek provides this content to over 2,000 financial institutions
worldwide through a variety of delivery platforms including
electronic datafeed services, proprietary web-based offerings and
an extensive network of redistributors. Xcitek�s operations will
remain based in New York City and will be integrated into
Interactive Data�s Pricing and Reference Data business. As part of
the initial integration efforts, Xcitek�s services will be marketed
as Interactive Data Xcitek. The acquisition does not include
XcitekSolutionsPlus, LLC (XSP), a software company affiliated with
Xcitek LLC nor does it include Xcitek Consulting Services Inc.
(XCS), both of which will continue to operate as independent
entities. About Interactive Data Corporation Interactive Data
Corporation (NYSE: IDC) is a leading global provider of financial
market data, analytics and related services to financial
institutions, active traders and individual investors. The
Company�s businesses supply time-sensitive pricing, evaluations and
reference data for more than 3.5 million securities traded around
the world, including hard-to-value instruments. Many of the world's
best-known financial service and software companies subscribe to
the Company's services in support of their trading, analysis,
portfolio management and valuation activities. Through its
businesses, Interactive Data Pricing and Reference Data,
Interactive Data Real-Time Services, Interactive Data Fixed Income
Analytics, and eSignal, the Company has approximately 2,200
employees in offices located throughout North America, Europe, Asia
and Australia. The Company is headquartered in Bedford, Mass.
Pearson plc (NYSE: PSO; LSE: PSON), 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.
Interactive Data Pricing and Reference Data provides global
securities pricing, evaluations and reference data designed to
support financial institutions� and investment funds' pricing
activities, securities operations, research and portfolio
management. Interactive Data Pricing and Reference Data collects,
edits, maintains and delivers data on more than 3.5 million
securities, including daily evaluations for approximately 2.5
million fixed income and international equity issues. Interactive
Data Pricing and Reference Data specializes in �hard-to-get�
information from emerging markets and evaluates many �hard-to
value� instruments. Pricing, evaluations and reference data are
provided in the U.S. through Interactive Data Pricing and Reference
Data, Inc. and internationally through Interactive Data (Europe)
Ltd. and Interactive Data (Australia) Pty Ltd. For more information
about Interactive Data Corporation and its businesses, please visit
www.interactivedata.com.
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jul 2023 to Jul 2024