Under the agreement, Acquire Media will include Dow Jones Financial Wire as part of its standard content set for trading solutions in Europe. The news will be delivered from Acquire Mediaâs new data center in the United Kingdom, which opened last month.
Toby Cook, vice president of Europe, Middle East and Africa markets for Acquire Media, lauded the agreement. âThe combination of Dow Jones content and Acquire Mediaâs state-of-the-art technology delivered from our UK data center means that European financial executives may now select the best combination of news, technology and network speed when sourcing news for traders and investment analysts,â said Cook.
Richard Hanks, chief operating officer for Dow Jones Enterprise Media Group, noted that the agreement provides significant benefits to traders and analysts.
âFinancial professionals rely on Dow Jones to keep them abreast of economic, financial and political news,â said Hanks. âOur agreement with Acquire Media provides yet another way for traders and analysts to access indispensable news from Dow Jones from within the tools they are most comfortable using.â
Acquire Media, which purchased NewsEdge in July 2007 from The Thomson Corp., has boosted revenues significantly during the past year. Since the acquisition, Acquire Media has invested heavily in re-engineering the NewsEdge product line to augment Acquire Mediaâs position in real-time scrolling news and re-establish a dominant standing in the corporate/web site news market, both under the NewsEdge brand.