Thomson to Buy Starquote from CGI

ORGANIZATION & STRATEGY

Thomson Financial last week signed an agreement to purchase Starquote market data services from Canadian IT services vendor CGI, extending its presence in Canada and supplementing its wealth management and retail products.

Thomson is strongly positioned in the retail and wealth management area in the US, but "we have a relatively small footprint in the Canadian marketplace," says Suresh Kavan, president of global customer segments for Thomson. However, by purchasing its biggest competitor in

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