Moneyline Telerate has secured a $125 million financing round from One Equity Partners to expand its business and complete the development of its new ticker plant.
One Equity Partners, the New York-based private equity arm of Bank One Corporation, is the majority shareholder in MoneyLine Telerate. Dick Cashin, One Equity managing director, says the firm is encouraged by the amount of client business being closed by MoneyLine Telerate and the positive market response to the new WebStation and Active8 products.
David Walsh, CEO of Moneyline Telerate, adds: "We increased market share globally in 2002 and anticipate significant revenue growth this year...We see great opportunity to increase our market share with new products and packages and by continuing to demonstrate the unique value of our data."
Other Moneyline Telerate shareholders include Japan's Quick Corp.