Interactive Data completes Quote.com acquisition

Source: Interactive Data

Interactive Data Corporation (NYSE: IDC), a leading global provider of financial market data and analytic tools to institutional investors, active traders and individual investors, today announced the closing of the Company's acquisition of the assets of Quote.com and certain other related assets from Lycos, Inc for $30 million in cash.

Quote.com, also formerly known as the Lycos Finance division, markets four distinct offerings that deliver financial content and trading tools primarily to active traders and individual investors. These include the subscription-based QCharts and LiveCharts services that provide real-time streaming data and decision support tools to help active traders formulate investment strategies, as well as Quote.com, a financial news and analysis website, and Raging Bull, an online investment community and message board site. The assets of Quote.com will now be operated as part of Interactive Data's eSignal business.

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