IDC Scoops Up FutureSource

FRONT PAGE: ORGANIZATION & STRATEGY

Interactive Data Corp. is buying privately held futures, options and commodities data provider FutureSource in an $18 million cash deal, the companies announced last week.

Lombard, Ill.-based FutureSource will be integrated into IDC's eSignal division under the leadership of eSignal president Chuck Thompson. The acquisition will close by Sept. 1, officials tell Inside Market Data.

FutureSource will operate as a separate group within eSignal. However, eSignal will combine business activities