FRI Boosts Content With NAQ Buy

ORGANIZATION AND STRATEGY

TORONTO-based FRI Corp., a provider of data- and investment-management software, has acquired North American Quotations (NAQ), which sells North American equities, futures, options and mutual-funds data. Terms of the deal, which closed Monday, April 1, were not disclosed.

"It is important for a company in this industry to strive to be a full-service vendor," says Lee Gaudio, CEO and president of FRI Corp., who is responsible for both companies as president. "From a strategic standpoint it was