HyperFeed Sells Off Data Business

ORGANIZATION & STRATEGY

HyperFeed Technologies plans to sell its consolidated datafeed client contracts to Interactive Data Corp. (IDC), the firm announced last week, completing its plan to stop selling aggregated content in favor of developing ticker plant and distribution technologies.

IDC bought the approximately 250 contracts for $8.5 million in cash plus several milestone payments, including $750,000 to be paid on the renewal of a contract, $625,000 for the completion of custom software and the fulfilment of a