Interactive Data acquires Xcitek market data division

Interactive Data Corporation, the Bedford, MA.-based provider of financial market data and analytics is to acquire the NY-based market data division of Xcitek for $25.3 million. The division provides North American corporate actions and class actions data to more than 2000 financial institutions. The acquisition comes as part of Interactive Data's strategy to expand its reference data services and support enterprise-wide financial applications. It is expected that the 45 people currently wor