Telerate terminates FutureSource sales deal
12 October 2004 | 3329 views | 0
Telerate has terminated its sales agency agreement with FutureSource in the US and UK following the vendor's takeover by rival market data firm Interactive Data Corporation.
Prior to the termination, FutureSource was Telerate's exclusive sales agent for the energy and commodity vertical markets in the two countries.
In a statement, the company says: "Following the recent purchase of FutureSource by Interactive Data Corporation, Telerate has decided to take back the sales and client relationship of these segments."
Mary Ivaliotis, senior vice , Telerate, adds: "We believe that by managing the customers directly, as we do in Asia and the rest of Europe and the Americas, we can more efficiently highlight the high quality content provided by Telerate and its partners such as Dow Jones and Platts and fully expose the benefits of our products such as Active8 and WebStation."