Business Services Industry
Interactive Data Completes Acquisition of Quote.com Assets from Lycos, Inc
Business Wire, March 6, 2006
BEDFORD, Mass. -- 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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