INFORMA GROUP ACQUIRES MCM GROUP FOR $44.9 MILLION.Informa Group Plc. (London) has agreed to acquire MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. Group (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 ), a provider of real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. online analysis and information for financial institutions and financial professionals worldwide, for $44.9 million ([pound]30.5 million) in cash. The deal was expected to be completed by March 1. MCM provides analysis of the fixed income, equity and currency markets through 11 subscription services including "CorporateWatch" and "CurrencyWatch." Other services include "Structured FinanceWatch," "BondScan," "Emerging MarketsWatch" and "AsiaWatch." Its products are distributed through Reuters, Bloomberg and Bridge Telerate. The company has 2000 regular subscribers and claims 25,000 workday hits from financial professionals. Informa said that for the fiscal year ending June 30, 2000, MCM had an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of $5.6 million on annual revenue of $45 million. Informa chariman Peter Rigby Sir Peter Rigby (born September 29, 1943) is a British Entrepreneur, owner of IT company SCC and one of Britain's richest people. Specialist Computer Centres Peter Rigby founded Specialist Computer Centres (SCC) said that MCM "is in one of our core markets...We see the financial information business sector as one where there are exciting business opportunities and this acquisition helps increase our presence in this area." |
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