Thursday 13.07.2006 3:00 pm
IS.TELEDATA AG BECOMES INTERACTIVE DATA MANAGED SOLUTIONS AG
Name change following acquisition by Interactive Data Corporation
FRANKFURT, Germany – July 13, 2006 – IS.Teledata AG today announced that the company has formally changed its name to Interactive Data Managed Solutions AG. The provider and operator of customised financial market information systems has made this change following its acquisition in December 2005 by Interactive Data Corporation (NYSE: IDC), a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors.
The subsidiaries of Interactive Data Managed Solutions AG in France, Italy, UK, Italy, Spain, Finland and Switzerland will also change their names.
The name change will enable Interactive Data Managed Solutions to leverage the strength of Interactive Data’s brand around the world. Interactive Data Managed Solutions is now managed as part of the ComStock group within Interactive Data Corporation.
Interactive Data Managed Solutions designs, develops and operates customised financial market information systems. The company aggregates data of numerous asset classes and in-house content, and integrates this content into modular Internet and intranet applications, as well as terminal solutions. The range of products and services, and existing contracts are not affected by the name change.
“The change of name and with it the use of the Interactive Data logo is a logical and consistent step after IS.Teledata´s acquisition by Interactive Data Corporation. It will help us to more effectively broaden and market our product portfolio to customers,” says Stephan Wolf, chairman of the executive board of Interactive Data Managed Solutions AG.
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 the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, FT Interactive Data, ComStock, CMS 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; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, 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 worldwide. ComStock's suite of services includes PlusFeed, a consolidated, low latency data feed. Also managed as part of the ComStock group is Interactive Data Managed Solutions, a leading provider and operator of customised financial market information systems. For more information about Interactive Data and its businesses, please visit www.interactivedata.com.
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