AT&T Ventures invests in Multex; $8 million in new capital provided by AT&T ventures, ADP, Donnelley, Euclid.NEW YORK--(BUSINESS WIRE)--Jan. 19, 1995--AT&T Ventures has combined with ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , R.R. Donnelley and Euclid Partners to provide Multex Systems Inc., the electronic financial information services See Information Systems. company, with $8 million in new capital. Multex Systems, founded in 1992 as an independent spin-off of ADP Brokerage Information Services Group, develops and markets the Windows-based Multex Publisher, an advanced on-line solution that enables financial services firms to electronically distribute "publication quality" research reports in real-time. Multex was the first company to use electronic information systems to "publish" financial research reports in graphical format. "Multex is fundamentally changing the economics of research distribution," said Alessandrol Piol, general partner of AT&T Ventures. "Multex's significant competitive advantages in quality of content provided on-line and in real-time warrants this venture capital investment by AT&T Ventures." More than 50 top Wall Street brokers and independent research firms, including Merrill Lynch, Salomon Brothers, Montgomery Securities, Oppenheimer, NatWest Securities, Hambrecht & Quist, STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. , Morningstar and Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , distribute their global equity and fixed-income research products electronically through Multex Publisher. The Multex Publisher database currently includes more than 12,000 research reports on-line and is growing at more than 1,000 reports per week. CONTACT: Edelman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Atchison Frazer or Alan Penchansky, 212/704-8274/8285 |
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