TheMarkets.com Hires XBRL Expert Robert Krugman as Vice President of Estimates

29 January 2009

TheMarkets.com, a leading provider of research, estimates and workflow solutions to the buy-side, announced today that it has added to its leadership team by hiring Robert Krugman as Vice President of Estimates, a position in which he will be charged with developing and delivering estimates products that maximize the value of estimates data for the over 2000 institutional client firms of TheMarkets.com.

David Eisner, CEO and President of TheMarkets.com, said, “We’ve deepened our estimates bench in our goal to become as well known for the quality and comprehensiveness of our estimates data as we are for that of our research. As we continue building relationships with brokers directly, we’re also working to enhance and deepen our estimates offering, an initiative we’re extremely pleased to have Rob lead.”

Krugman brings more than 15 years of experience in technical and product development strategy in the finance industry, most recently in positions that leveraged his expertise in XBRL tagging technologies. Prior to joining TheMarkets.com, Krugman was the Senior Vice President of Product Development at Edgar Online, where he spearheaded the development and launch of the award-winning suite of XBRL-based I-Metrix products. Previously, he was a consultant with Avenue A | Razorfish. Krugman is also a frequent speaker at industry events on the use of XBRL to automate financial data delivery.

“The estimates space has seen very little innovation for decades,” said Scott Rosen, Entrepreneur-in-Residence at TheMarkets.com and former head of the FirstCall business at Thomson Financial (now Thomson Reuters). “We look forward to benefiting from Rob’s XBRL expertise as we develop world-class products that deliver financial data with maximum efficiency, accuracy, and creativity.”

Eisner said, “We now have on board the world’s leading experts on estimates and analytical products. We are pleased to welcome Rob to our team and to leverage his knowledge and skills to spearhead this business initiative.”

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