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Interactive Data Forms Managed Solutions Group; IS.Teledata Business Renamed; New Group Focused on Enabling Financial Institutions and Web Portals to Utilize a Wide Range of Financial Content within Customized Applications.


BEDFORD, Mass. -- Interactive Data Corporation (NYSE NYSE

See: New York Stock Exchange
: IDC), a leading provider of financial market data and analytic tools to institutional investors Institutional Investor

A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions.
, active traders and individual investors, today announced that it has established the Interactive Data Managed Solutions group. This business focuses on building and managing customized web-based financial market data applications for a range of organizations worldwide, from retail and 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.
 to online brokers, stock exchanges and media portals.

Interactive Data Managed Solutions designs and supports web-based sales, marketing and support applications that aggregate a broad set of financial data and client-proprietary content and offer features such as charts, sophisticated search functions and other decision-support tools and analytics. These applications are designed to provide a wide range of users, including clients, business partners and employees, with seamless access to in-depth financial content that is tailored to their specific needs. These web-based applications can be hosted by Interactive Data Managed Solutions.

The offerings from Interactive Data Managed Solutions are based on the technology and capabilities developed at IS.Teledata AG, which was acquired by Interactive Data in mid-December 2005. Interactive Data Managed Solutions is managed as part of the ComStock group within Interactive Data Corporation.

Stephan Wolf, formerly IS.Teledata's chairman of the executive board, will lead the business as chairman of the executive board of Interactive Data Managed Solutions AG. He is joined on the executive board by Carsten Dirks, chief sales officer.

In conjunction with the formation of Interactive Data Managed Solutions, IS.Teledata AG has formally changed its name to Interactive Data Managed Solutions AG in Germany. The subsidiaries of Interactive Data Managed Solutions AG in France, Italy, United Kingdom, Spain, Finland and Switzerland will also be formally re-named.

"Interactive Data Managed Solutions is well positioned to build on its existing customer base in Europe and expand its business in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ," said Mark Hepsworth, president of ComStock. "Financial institutions and redistributors alike are recognizing that Interactive Data has the offerings, technical expertise, and support infrastructure designed to either help them expand their online presence, or improve internal workflow and reduce costs. By offering these customized solutions tailored to customers' market data requirements we believe we are differentiating Interactive Data in the marketplace."

"Renaming IS.Teledata as Interactive Data Managed Solutions allows us to take better advantage of the Interactive Data brand, which is a name trusted by many financial institutions of all sizes around the globe," said Stephan Wolf, chairman of the executive board of Interactive Data Managed Solutions AG. "Being part of Interactive Data is already making a difference as we invest in expanding our operations globally. We continue to see opportunities in which we can help customers optimize their business processes and realize efficiencies."

For more information about Interactive Data Managed Solutions please visit: www.interactivedata-ms.com.

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 time-sensitive pricing, evaluations, dividend, corporate action and reference data for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
 the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, FT Interactive Data, ComStock, CMS (1) See content management system and color management system.

(2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system.
 BondEdge and eSignal, Interactive Data has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia, and is headquartered in Bedford, MA. Pearson plc (NYSE: PSO PSO - Oracle Parallel Server ; LSE LSE - Language Sensitive Editor : PSON PSON Plastic Small Outline Package No Leads ), an international media company, whose businesses include the Financial Times Group, Pearson Education Pearson Education is an international publisher of textbooks and other educational material, such as multimedia learning tools. Pearson Education is part of Pearson PLC. It is headquartered in Upper Saddle River, New Jersey. , and the Penguin Group, owns approximately 62 percent of the outstanding common stock of Interactive Data Corporation.

ComStock is a leading provider of real-time global market data to financial institutions, redistributors and online financial portals Financial Portal

A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions.
 worldwide. ComStock's suite of services includes PlusFeed, a consolidated, low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as  data feed. Also managed as part of the ComStock group is Interactive Data Managed Solutions, a leading provider and operator of customized financial market information systems. For more information about Interactive Data and its businesses, please visit www.interactivedata.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Interactive Data Forms Managed Solutions Group; IS.Teledata Business Renamed; New Group Focused on Enabling Financial Institutions and Web Portals to Utilize a Wide Range of Financial Content within Customized Applications.
Publication:Business Wire
Geographic Code:1USA
Date:Jul 11, 2006
Words:684
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