Thursday 02.03.2006 11:30 am
IS.Teledata AG Announces New Executive Board
Stephan Wolf Named Chairman of the Executive Board; New Chief Sales Officer Carsten Dirks Appointed Member of the Executive Board
FRANKFURT - IS.Teledata AG, a major managed solutions provider for customized market data information systems, today announced a new executive board. Stephan Wolf, formerly spokesman of the executive board has been named chairman of the executive board of IS.Teledata AG. Carsten Dirks, previously director sales international of IS.Teledata, has been appointed a member of the executive board and has also assumed the role of chief sales officer for the organization. The executive board was reorganized following the acquisition of IS.Teledata AG by Interactive Data Corporation (NYSE: IDC), a leading global provider of financial market data and analytic tools to financial institutions, active traders and individual investors in late 2005.
Stephan Wolf is responsible for developing strategy and managing the day-to-day operations for the IS.Teledata business. Wolf reports to Mark Hepsworth, chairman of the supervisory board of IS.Teledata AG and president of Interactive Data’s ComStock business. Wolf and Hepsworth will work together closely to explore new market opportunities and oversee the integration of IS.Teledata AG into the Interactive Data group. Previously, Wolf was chairman of the executive board and managing director of IS Innovative Software, the company he founded together with Wolfgang König in 1989. In 2003, IS Innovative Software AG merged with OnVista Technologies GmbH to become IS.Teledata AG and Stephan Wolf was appointed spokesman of the executive board.
Carsten Dirks is responsible for IS.Teledata’s global sales activities. He has been with IS.Teledata since 2001. During his tenure at IS.Teledata, Dirks has been responsible for European sales activities and was general manager of IS.Teledata Nordic Oy, in Helsinki, Finland. Before joining IS.Teledata, Carsten worked for SAP AG in Walldorf, Germany, Boston, USA and Palo Alto, USA.
As planned, Stephan Schubert and Fritz Oidtmann, previously members of the executive board, left the company following the completion of the acquisition.
About IS.Teledata AG
IS.Teledata AG is a major managed solutions provider of customizable financial market information systems. About 200 retail banks, private banks, investment banks, issuers, asset managers, online brokers and media portals seek to optimise business processes and costs using tailored content and interactive analysis of financial market data. IS.Teledata aggregates data from numerous asset classes and in-house content and integrates the content into modular Internet and intranet applications and terminal solutions. Employees and customers of financial service firms thus benefit from relevant information and specific functionality in easy-to-use interfaces. IS.Teledata AG has 300 corporate employees in seven European countries. IS.Teledata AG is an Interactive Data Corporation (NYSE: IDC) company and is managed as part of Interactive Data’s ComStock’s business.
About ComStock
ComStock, a subsidiary of Interactive Data Corporation, is a leading provider of real-time global financial information to financial institutions, financial information re-distributors and online media portals worldwide. ComStock's suite of services ranges from a real-time datafeed to fully customized and managed market data solutions.
About Interactive Data Corporation
Interactive Data Corporation is a leading global provider of securities pricing, financial information, and analytic tools to institutional and individual investors. The Company supplies time-sensitive pricing (including evaluated pricing), dividend, corporate action, and descriptive information for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial services and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management, and valuation activities.
Interactive Data Corporation is headquartered in Bedford, Massachusetts. Through its branded businesses, FT Interactive Data, ComStock, CMS BondEdge, and eSignal, Interactive Data Corporation has approximately 2,100 employees in offices located throughout North America, Europe, Asia, and Australia. Pearson plc (NYSE: PSO), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, owns approximately 60 percent of the outstanding common stock of Interactive Data Corporation.
The FT Interactive Data business includes FT Interactive Data Corporation, a Delaware corporation. The ComStock business includes ComStock, Inc., a New York corporation. ComStock Europe is a division of Interactive Data (Europe) Ltd.
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