Buying Teknekron, Reuters Tightens Grip On Data Delivery


As IMD went to press, Reuters had agreed to pay $125 million in cash to buy Teknekron Software Systems Inc., the vendor that has most frequently beat it in recent battles to sell digital data delivery systems to North American traders.

Under the purchase agreement, Teknekron will operate as an independent subsidiary based in Palo Alto, Calif. Reuters executives will occupy two of the five seats on its board.

For the hefty purchase price, Reuters will gain a presence on the desktops of the esti

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: