Bloomberg Brings Out its Checkbook

ON BALANCE

Shocking news this week: Bloomberg is making an acquisition. Even a press release about the deal acknowledged that this is a vendor that never buys. Unlike many companies, Bloomberg almost always prefers to build.

The subject of the deal is Brainpower, a small Swiss vendor specializing in data management and analytics products for the buy side. Brainpower says it counts more than 100 financial institutions as customers, and it has offices in Italy, the Netherlands and New York as well as its

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