Moneyline Telerate Receives Funding Boost
ORGANIZATION AND STRATEGY
Moneyline Telerate has been promised up to $125 million from major shareholder
One Equity Partners in a new round of financing, the vendor said last week.
Half of the funds are being used to complete the development of its new ticker plant, which will allow it to migrate off Reuters’ St. Louis facility (IMD, April 21).
The vendor will also use the funding to continue development of its core products WebStation, Active8 and the Telerate Feed.
Bill Walsh, senior vice president of marketing at the
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