Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that the Company has appointed Stephan Wolf, formerly chairman of the executive board of Interactive Data Managed Solutions, as the chief technology officer, effective immediately. In this newly created, pan-Interactive Data position, Wolf will be responsible for formulating and directing the Company�s global information technology strategy to support the Company�s data collection, delivery and product development organizations. Wolf, 48, will continue to be based in the Company�s Frankfurt, Germany office. He will report directly to Stuart J. Clark, Interactive Data�s president and chief executive officer. �Appointing Stephan to this new position further builds upon the actions we�ve taken to support our �One Company, One Vision� initiative, which is aimed at increasingly operating as a single global enterprise,� stated Stuart Clark. �He brings a unique perspective to this role, having directed extensive collaboration efforts between our Managed Solutions business and Interactive Data�s other businesses over the past two years with a focus on driving innovation and delivering compelling value to our clients. I am confident that under Stephan�s direction, we will continue to generate attractive returns on prudent technology investments.� �It is an exciting time to assume leadership for Interactive Data�s technology initiatives,� commented Stephan Wolf. �I look forward to working with our senior management team, IT staff and operations teams to harness the content, capabilities, infrastructure and talent across our global organization as part of our ongoing efforts to drive productivity and respond to emerging and evolving customer needs.� Carsten Dirks, formerly chief sales officer at Interactive Data Managed Solutions, will succeed Wolf in leading the Interactive Data Managed Solutions business as managing director and chairman of the executive board. Dirks, 39, will report directly to Mark Hepsworth, president of Interactive Data�s Institutional Business. In this role, he will be responsible for overseeing the global management and development for this business. Interactive Data Managed Solutions, which is managed as part of Interactive Data Real-Time Services, is a leading provider and operator of customized financial market information systems to more than 250 retail banks, private banks, investment banks, issuers, asset managers, online brokers and media portals worldwide. Stephan Wolf Biography: As chairman of the executive board of Interactive Data Managed Solutions, which is part of the Interactive Data's Real-Time Services business, Wolf was responsible for leading the development and implementation of key product, sales and business development strategies and working closely with other Interactive Data executives to expand this business around the world. He led this business since Interactive Data acquired IS.Teledata in mid-December 2005. Prior to the acquisition, Wolf co-founded IS Innovative Software GmbH in 1989 and served as its managing director. He was later named CEO and then spokesman of the executive board of IS.Teledata, which was formed in 2003 when IS Innovative Software merged with OnVista Technologies GmbH. IS.Teledata was subsequently renamed as Interactive Data Managed Solutions in July 2006. He holds a degree in Business Administration and has held positions at the Wissenschaftliche Hochschule f�r Unternehmensf�hrung (WHU) in Koblenz, Germany, and Johann-Wolfgang-Goethe University in Frankfurt/Main, Germany. For additional information about Stephan Wolf, including access to a current photograph, please refer to the Interactive Data website (www.interactivedata.com). Carsten Dirks Biography: As a member of the executive board and chief sales officer, Carsten Dirks was responsible for international sales activities at Interactive Data Managed Solutions. He has been with this business since 2001 and was appointed Chief Sales Officer and member of the executive board after the acquisition of IS.Teledata by Interactive Data Corporation in December 2005. Dirks served as Director of International Sales with responsibility for sales activities in Germany, Austria, France, Great Britain, Italy, Spain and Switzerland when IS Innovative Software and OnVista Technologies GmbH merged to form IS.Teledata. In 2005, he was also appointed General Manager of IS.Teledata Nordic Oy, in Helsinki, Finland. Previously, he headed the Corporate Solutions department of IS Innovative Software, overseeing sales and project business for German customers. Before that, Dirks held positions at AT&T, Hewlett Packard, DaimlerChrysler and SAP. He holds a degree in business administration and studied in Frankfurt, Germany, and Clemson University in South Carolina. For additional information about Carsten Dirks, including access to a current photograph, please refer to the Interactive Data Managed Solutions website (www.interactivedata-ms.com). Forward-looking and Cautionary Statements This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and federal securities laws, and is subject to the safe-harbor created by such Act and laws. Forward-looking statements include all statements that are not historical statements and include our statements discussing our goals, beliefs, strategies, objectives, plans, prospects and opportunities, our statements about Stuart Clark�s intention to retire during 2009, the appointment of a new president and chief executive officer, and an orderly, seamless transition of leadership between Stuart Clark and the new president and CEO. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. Such factors include, but are not limited to: (i) our ability to attract and retain key personnel; and (ii) the ability of our majority shareholder to exert influence over our affairs; and other factors identified in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. We undertake no obligation to update these forward-looking statements. 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 real-time market data, time-sensitive pricing, evaluations and reference data for millions of 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 2,300 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, is Interactive Data Corporation's majority stockholder. Interactive Data Corporation is celebrating its 40th anniversary in 2008. Interactive Data Managed Solutions is a leading provider and operator of customized financial information systems. The group builds and manages Web-based financial market data portals and terminals for a range of organizations worldwide, from retail and investment banks to asset managers, online brokers, stock exchanges and media portals. By aggregating a broad set of financial data and client-proprietary content and offering visually stunning features such as charts, sophisticated search functions, decision-support tools and analytics, these intuitive applications can help customers optimize their business processes and realize efficiencies. Interactive Data Managed Solutions is managed as part of the Interactive Data Real-Time Services business, which provides a comprehensive suite of offerings that includes PlusFeed(SM), a consolidated, low latency datafeed. For more information about Interactive Data Corporation and its businesses, please visit www.interactivedata.com.
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