The Financial Times Group, part of Pearson plc, the international media company, has enhanced its position as a leading provider of securities pricing and other specialist information to the global financial information community through the acquisition of Thomson Financial Securities Management, a unit of The Thomson Corporation (Toronto, Canada) for $150m.
The acquisition will bring together two of Thomson's specialist information businesses, Muller Data Corporation, based in the USA and the London based Valorinform, with the Financial Times Group's Asset Management division. Financial Times Asset Management trades as Financial Times Information in the UK and Interactive Data in the USA. The integration of the two businesses will deliver substantial cost savings.
The acquisition was welcomed by Stephen Hill, Chief Executive of the FT Group, he said "This is great news for the FT Group as it strengthens our leading position in this fast growing area. The combination of the Thomson businesses with our brands and our other high quality information services puts us in an even better position to gain a real competitive advantage. The integration will allow us to offer our customers an expanded and more sophisticated service."
Muller has specific expertise in the municipal bond market that will complement FT Asset Management's expertise in the corporate, government and international fixed income markets. Valorinform, with its emerging data market will enhance FT Asset Management's international corporate action services. As a combined organisation, it will be able to better serve clients around the world with superior market data, customer service and delivery.
Financial Times Asset Management is one of the leading providers of specialist financial information to global markets. The business operates as Interactive Data in North America and as Financial Times Information in Europe and Asia Pacific. The company is based in Bedford, Massachusetts, USA.
Muller Data Corporation is a New York based securities information provider specializing in data collections and internally authored evaluations of North American fixed income securities. Included in the assets of Muller Data Corporation is its Asset Backed Securities Group a leading source for comprehensive disclosure data, factor information and independent valuations for US based Asset and Mortgage Backed Securities, ARMs, CMO/REMOC, and SBA Securities. Also included is its Muniview business which offers full municipal bond descriptive information via an electronic database of over 2 million US municipal bonds. Muller Data Corporation trades primarily in North America.
Valorinform collects and distributes corporate action information covering all equities, bonds and warrants listed and traded on the primary exchanges of over fifty-five countries around the world. Valorinform specializes in "hard to get" information such as that from emerging markets.
Financial Times Asset Management provides a wide range of high quality information including pricing, dividend, corporate action and descriptive information to trading houses, custodians and fund managers. The company's principal information assets include a database of 3.5 million securities, including hard-to-value unlisted fixed income instruments. Its databases are used by clients to value most of the world's investment funds.
Employing 900 people in offices throughout the world, Financial Times Asset Management is part of the Financial Times Group owned by Pearson plc, the international media group engaged in the information, education and entertainment markets. Other Financial Times Group companies include the Financial Times newspaper, Financial Times Electronic Publishing and Financial Times Business.
The Financial Times group also consists of:
The Financial Times Newspaper, the world's leading international business newspaper. Interests in Europe extend to Groupe Les Echos, France's leading business newspaper and magazine publisher; and Recoletos, one of Spain's leading media companies, which publishes Expansion, the leading Spanish business and financial newspaper. A new German language newspaper and accompanying website are under development in partnership with Gruner + Jähr, one of Germany's leading newspaper and magazine publishers.
ft.com, one of the world's leading business information websites. It provides the very best general news, analysis, specialist company and market information and financial data. It has over 2 million registered users worldwide, with the majority outside the UK.
Financial Times Business produces specialist information on particular industries - energy, media and telecommunications and finance - where the group has a market leading position.
FTSE International, a joint venture with the London stock exchange, provides the professional investment community with the leading UK indices and, together with the Amsterdam Stock Exchange, publishes the Eurotop family of indices.
AFX News, a news agency jointly owned by the FT Group and Agence France-Presse, is a global provider of real time financial and business news.
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