Informa Group aquires MMS Group Holdings.Informa Group (London) has acquired all the assets of MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. Group Holdings Ltd. (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 market commentary and analysis for the fixed income and foreign exchange markets, for $37 million in cash. The deal will be funded in part from the proceeds of a new placing. Established in 1974, MMS has more than 20,000 subscribers worldwide. Its products suite includes "Credit Derivatives Market Insight," "Emerging Markets Insight,.... Global Fixed Income Insight" and "Currency Market Insight." All of the services are available online and are distributed via third party vendors, such as Reuters and Bloomberg, as well as through the MMS web site, globalmarkets.com. Clients include investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , brokerages, central banks This is a list of central banks. Contents A B C D E F G H I J K L M N O P Q R S T U V W Y Z and corporate treasuries. For the first six months of 2003, the acquired company had revenues of $16.8 million and and 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 $942,000. It has 190 employees. Informa said that MMS will be merged with unit MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. , Inc. (New York), a company that provides real time analysis of government bond, corporate securities, currency and equity markets on a 24-hour a day basis. It currently has about 2000 clients. Implementation of the merger will take up to 4-6 months and will cost about $10 million. Informa chairman Peter Rigby said the acquisition "is in line with our strategy of acquiring value-added subscription services. Subscription businesses currently account for 33% of (Informa) revenues and around 43% of operating profit. We see considerable growth opportunities both organically and through acquisition in this area, with subscription revenues becoming the dominant revenue stream for the business as we go forward." |
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