Sagemaker Targets Newsedge, Acquiring Retrieval Technologies
NEWS & COMMENTARY
FAIRFIELD, CONN--Sagemaker, which aggregates market data and other information for delivery via the Internet (IMD, Aug. 3, 1998), is now targeting the news consolidation market currently dominated by Newsedge. The cornerstone of its attack will come from the planned merger with Retrieval Technologies Inc. (RTI), which delivers real-time news from a variety of sources.
Although RTI, which was formed 10 years ago, has primarily operated in the corporate market, it has its eye on the financial
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