Interactive Data completes acquisition of Xcitek's market data business
02 May 2007 | 864 views | 0
Interactive Data Corporation (IDC)has closed the acquisition of the assets comprising the market data division of Xcitek, as well as the market data assets of its affiliate Xcitax, for $25.3 million in cash.
Xcitek's operations, which include provision of a broad range of North American corporate actions data, reorganization information, as well as cost basis and class action data, will remain based in New York City and will be integrated into Interactive Data's Pricing and Reference Data business. As part of the initial integration efforts, Xcitek's services will be marketed as Interactive Data Xcitek.
The acquisition does not include XcitekSolutionsPlus, (XSP), a software company affiliated with Xcitek, nor does it include Xcitek Consulting Services (XCS), both of which will continue to operate as independent entities.