Moneyline extends Hyperfeed contract
10 February 2004 | 2076 views | 0
HyperFeed Technologies, Inc. (Nasdaq: HYPR), a provider of ticker plant technology, software and managed services to the financial industry, today announced an expansion of its July 10, 2003 agreement with Moneyline Telerate to include further ticker plant enhancements.
Moneyline Telerate, under the new agreement, will make an additional commitment of over $1 million to HyperFeed over the next several quarters.
This new agreement is an addition to Moneyline Telerate's multi-year contract to license and deploy HyperFeed's MEPS and H!BOX ticker plant technologies globally. Under the expanded contract, Moneyline Telerate will extend its use of HyperFeed's MEPS and H!BOX products within Crucible, Moneyline Telerate's high performance in-house ticker plant.
Steve Schiff, Moneyline Telerate's Senior Vice President of Ticker Plant Development said, "As part of Moneyline Telerate's continuing migration plan, we have been able to successfully implement HyperFeed's MEPS and H!BOX products and services to augment our own global ticker plant, Crucible, and as the distribution technology for our own data, for the last several months. HyperFeed has met integration milestones, built powerful demos and test models, and worked intimately with our team to successfully and quickly complete the installation of its MEPS and H!BOX offerings. At the same time, the performance, scalability and industrial strength of HyperFeed's technology speaks for itself, and we are very pleased to be able to move forward with HyperFeed as our partner."
Paul Pluschkell, HyperFeed's President and CEO commented, "This significant contract extension with Moneyline Telerate is the result of two teams working closely and successfully together to implement performance-enhancing technology and software. We hope to model our future customer relationships after this partnership with Moneyline Telerate."