Interactive Data Announces That Cort Williams Will Lead Its Institutional Sales Organization
January 06 2009 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, today
announced that Cort J. Williams will become president of
Interactive Data�s sales organization. In this role, Williams will
have responsibility for the Company�s sales, client relationships,
and customer service-oriented functions focused on institutional
clients. Williams will transition into this role when, as
previously announced, Raymond D�Arcy, president, sales and
marketing, becomes Interactive Data�s next president and chief
executive officer during the first half of 2009. Williams will
report directly to D�Arcy in his new role. Williams, 49, is
currently senior vice president of Interactive Data�s Major
Accounts and Business Development Groups. In this role, he oversees
Interactive Data�s sales teams responsible for the Company�s
largest global institutional relationships and its extensive,
growing network of redistributors, which includes leading service
bureaus, financial software and systems companies, and information
media firms. Williams has two decades of sales, marketing and
business development experience at Interactive Data. In recent
years, Williams led the implementation of Interactive Data�s Major
Accounts Group, which provides centralized relationship management
to its largest and most strategic customers. He also has played an
instrumental leadership role in broadening the Company�s
redistribution channel from less than 50 redistributors to over
400. His prior experience at the Company also includes
responsibility for strategy, marketing, acquisitions and alliances
for the business now known as Interactive Data Pricing and
Reference Data. �Ray and Cort have worked together since shortly
after Cort first joined Interactive Data�s sales organization 20
years ago,� stated Stuart Clark, Interactive Data�s president and
chief executive officer. �This long history of collaboration will
help provide continuity in the way we approach our customers and
manage our client-facing staff. Over the past decade, Cort has
played a pivotal role in working with our senior management team to
identify opportunities to expand our institutional business, and
then helping to lead the initiatives required to realize those
opportunities and achieve our growth objectives.� Ray D�Arcy,
Interactive Data�s current president, sales and marketing, stated,
�Since my selection as Interactive Data�s next president and CEO,
it was important to identify who will lead the institutional sales
organization so that we can seamlessly transition into our
respective new roles when Stuart retires later this year. Cort�s
many contributions over the years include leading the expansion of
our redistribution channel, as well as developing and implementing
the centralized framework we now rely upon to enhance and expand
our relationships with many of our largest and most strategic
institutional customers. Cort will join an accomplished,
experienced senior management group that is focused on implementing
the strategies and tactics that we believe will fuel our growth
worldwide and bring compelling value to all stakeholders.� �I am
excited about the opportunities in front of Interactive Data as we
continue to work collaboratively with customers worldwide to
deliver products and services that address their needs,� commented
Cort Williams. �Financial institutions are increasingly recognizing
the compelling value of Interactive Data�s combination of
independent evaluations, low latency datafeeds, extensive range of
related global reference data, managed solutions and other
complementary services. I look forward to working with my
colleagues across Interactive Data to further fortify the trust
that our institutional customers continue to place in Interactive
Data.� Roger Sargeant Appointed Managing Director, International
Business In addition to Williams� appointment, Interactive Data
also announced that Roger Sargeant, managing director of
Interactive Data Europe, has been appointed managing director,
international business, effective immediately. In this role,
Sargeant, 42, will be responsible for leading Interactive Data�s
institutional business outside of North America. Among his
priorities will be to align the Company�s resources in Asia Pacific
more closely with those in Europe and the Middle East. Jim Farrer,
managing director of Interactive Data Asia-Pacific, will report
directly to Sargeant. Commenting on Sargeant�s promotion, Stuart
Clark stated, �Roger has done a fantastic job in leading our
European business through a period of strong organic expansion. He
also played a key role in our recent acquisition of Kler�s
Financial Data Service and in advancing our strategic relationship
with Prism Valuation. The Asia-Pacific region is undergoing rapid
change and these dynamics require that we effectively and
efficiently allocate our resources to gain greater scale and
accelerate our progress in this region. In addition to investing in
organic growth initiatives, we will continue to pursue strategic
acquisitions to expand our business in this region as reflected by
our recent acquisition of a majority interest in Japan-based NTT
DATA Financial. I am confident that by aligning our entire
international operations under Roger�s leadership, we will be well
positioned to take advantage of the growth opportunities that are
emerging in the Asia-Pacific region.� Cort J. Williams Biography
Cort Williams joined Interactive Data in 1988 as a senior strategic
sales representative. He subsequently advanced into sales
management roles of increasing responsibility. In 1996, Williams
was responsible for creating what is now known as the Company�s
Business Development Group, which is focused on redistributor and
software vendor relationships, and then helped to grow this
distribution channel. After being promoted to vice president of
strategy and business development in 2001, Williams became
responsible for overall strategy, marketing and acquisitions and
alliances for the business now known as Interactive Data Pricing
and Reference Data, and helped drive further expansion of the
Company�s network of redistributors. In 2005, he was promoted to
senior vice president of Interactive Data�s Major Accounts and
Business Development Groups. In this role, he led the formation of
the Company�s Major Accounts Group that has helped strengthen and
expand Interactive Data�s business relationships with some of the
world�s largest financial institutions who utilize offerings from
across Interactive Data�s businesses. Prior to joining Interactive
Data, he held sales and marketing management positions at the Data
Resources Inc. unit of McGraw-Hill and a subsidiary of US Trust
Company of New York. Williams earned his undergraduate degree from
Bowling Green State University with a dual major in Finance and
International Business. A photograph of Williams is available upon
request. Roger Sargeant Biography Roger Sargeant has been managing
director for Interactive Data�s European operations since September
2005. During this time, he led the business through strong organic
growth, extending the Company's leadership position in the United
Kingdom and selected continental European markets, particularly in
the areas of fixed income and real-time data. Prior to that,
Sargeant served as managing director for the Company�s Pricing and
Reference Data European business (previously known as FT
Interactive Data (Europe)) for approximately three years. Sargeant
joined the Company approximately 18 years ago, and has held several
senior business development positions, including a period in Asia
where he was responsible for all aspects of the business. From
there, he became regional sales director in North America, a role
in which he created a global account management program that was
successfully implemented in 2002. 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, as well as our statements about Stuart Clark�s plans
to retire from his position as president and CEO in 2009, our
ability to provide continuity in the way we approach our customers
and manage our client-facing staff, our ability to implement the
strategies and tactics that we believe will fuel our growth
worldwide and bring compelling value to all stakeholders, and our
ability to take advantage of the growth opportunities that are
emerging in the Asia-Pacific region. 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) the presence of
competitors, (ii) our ability to attract and retain key personnel;
and (iii) 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. For more information about Interactive Data
Corporation and its businesses, please visit
www.interactivedata.com. 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. Interactive
DataSM and the Interactive Data logo are service marks of
Interactive Data Corporation.
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Aug 2023 to Aug 2024