IPC Buys Mxnet; Blow To Reuters Project Yankee

DELIVERY TECHNOLOGIES

NEW YORK--As expected, IPC Information Systems last week bought Mxnet for $6.7 million (see related story, this issue). The deal leaves Reuters scrambling to build its own data and analytics consolidation facility to support its Project Yankee initiative, a role it had been banking on Mxnet to perform.

Meanwhile, Reuters confirmed that John Bunyan, vice president of strategic equities marketing for Reuters America (RAM), is leaving the company in May, when his contract expires. Bunyan, who jo