Printer Friendly

REUTERS ACQUIRES MARKET DATA SYSTEMS INTEGRATOR

 NEW YORK, April 8 /PRNewswire/ -- Reuters today announced it has acquired American Real-Time Services, Inc. (ARTS), which provides information systems integration services to the U.S. financial markets.
 The consideration paid and the assets acquired are not material in the context of Reuters net assets.
 The company was acquired from shareholders, who include an investment partnership and members of ARTS management.
 ARTS executives John A. Bunyan and Thomas J. Saleh will continue to manage the company.
 ARTS currently serves such U.S. clients as Prudential Securities, Cowen & Company, and McDonald & Co. Securities Inc. via some 2,000 keystations. It has distribution arrangements with Reuters and other vendors of market news and prices.
 Reuters intends that ARTS will serve all of its agreements as contracted.
 ARTS was founded in New York in 1987. Its strategy has been to integrate market news and price data from a variety of vendors via proprietary software which runs on a range of client hardware, including desk-top computers, workstations, and local-area and wide area network servers.
 "The ARTS approach is consistent with Reuters strategy because it is based on the premise of meeting client-specific datafeed distribution needs in an open systems environment," said Brian Vaughan, president, Reuters America Inc.
 "Reuters sees this acquisition as an opportunity to use its resources to contribute to ARTS' technical development and market penetration."
 The acquisition was made by Reuters America Holdings Inc., the U.S. corporate parent of Reuters America Inc. which is the primary American operating division of Reuters Holdings PLC (NASDAQ: RTRSY), the international news and information group.
 -0- 4/8/93
 /CONTACT: Robert Crooke of Reuters America, 212-603-3587/
 (RTRSY)


CO: Reuters Holdings PLC ST: New York IN: PUB SU: TNM

GK-OS -- NY014 -- 4082 04/08/93 09:04 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 8, 1993
Words:292
Previous Article:WILLIAM R. BALKE JOINS TRANSMEDIA NETWORK INC. AS DIRECTOR OF CARD PROCESSING; NEW POSITION CREATED TO SET UP AND RUN ELECTRONIC SYSTEMS
Next Article:ABBOTT ACHIEVES RECORD SALES, EARNINGS IN FIRST QUARTER; EARNINGS PER SHARE INCREASE 17.1 PERCENT
Topics:


Related Articles
A blip on the screen.
REUTERS TO USE TEKNEKRON'S TIB IN MIS AND PRODUCT APPLICATIONS
REUTERS ACQUIRES 100 PERCENT OF AIM 21, INC.
Reuters Acquires Majority Of French Health Company Distal
Reuters Unveils Competitive New Information System For US Equities Professionals
Reuters Enters into Agreement with BT Alex. Brown for the Sale of its Investment Trust Data Business
Credit Suisse Chooses Reuters Market Data System.
Standard & Poor's Capital IQ Acquires a Copy of the Reuters Estimates and Reuters Research-on-Demand Databases and Related Assets From Thomson...

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters