Thomson Financial Abandons Institutional Workstation Business Unit, Sales Force

TECHNOLOGY STRATEGIES

Thomson Financial Services Inc. has shut down its Institutional Workstation business unit, six months after it announced the creation of a national consultative sales force to market the product. The vendor is now trying to figure out what to do with the workstation software, which was designed to provide a single point of access to disparate buy-side services.

The move to disband the unit had been in progress for some time, says a Thomson source, with the final step coming one month ago

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