Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced the closing of its acquisition of the data and tools assets of Dow Jones & Company, Inc.'s Online Financial Solutions ("OFS") business.
The OFS data and tools are used to develop and host Web-based solutions, including news, market data, research and advanced charting, portfolio management and alerting capabilities, for approximately 200 financial institutions, active investor services, and media Web portals. Interactive Data is a leading global provider of customizable, Web-based hosted solutions through its Managed Solutions group. The Company plans to integrate the acquired OFS assets into its U.S. Managed Solutions group.
The acquisition of the OFS data and tools assets substantially expands Interactive Data's growing Web-based solutions business in North America. This acquisition also creates opportunities for Interactive Data to offer OFS customers a broader range of sophisticated Web-based offerings, real-time market data services and other desktop solutions.