Building Risk Mgmt. Presence, Reuters Buys Sailfish Systems
NEW TACTICS FORM OLD VENDORS
Building its presence in the risk management arena, Reuters has bought the remaining two-thirds stake in risk management software specialist Sailfish Systems Ltd. that it did not already own. The information vendor has paid $2 million for the outstanding shares to Peter Davies, the founder and chief executive officer of the New York-based software house.
Reuters first bought a one-third stake in Sailfish 18 months ago (TST, Feb. 7, 1994). At that time, Sailfish software was in use by three
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