Interactive Data Completes Acquisition of Kler's
August 04 2008 - 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 Kler�s Financial Data
Service S.r.l. (Kler�s), a leading provider of reference data to
the Italian financial industry, for a purchase price of �19.0
million (or approximately $29.6 million based on current exchange
rates) in cash. The final purchase price remains subject to
post-closing working capital adjustments. The acquisition of Kler�s
represents an important element in Interactive Data�s strategy to
expand its reference data services and to continue increasing its
presence across continental Europe. Kler�s, which is based in Rome,
provides comprehensive, high-quality reference data, including
corporate actions and taxation information, on Italian and
international securities, with coverage of equities, listed and
unlisted Italian bonds, funds, simple derivatives and warrants. The
company�s clients include most major Italian banks and custodians.
Kler�s services, which will be will marketed in Italy as
Interactive Data Kler�s, are available as a downloadable datafeed
for back-office applications or via an online browser that enables
clients to search, design reports and perform analysis. 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 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.
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