Ecovision Acquires Newmedia

Organization and Strategy

Swedish market data and desktop provider Ecovision has acquired Newmedia from Swedish IT systems provider Modul 1 Data Group, officials said last week. The acquisition is expected to increase Ecovision’s revenues by over SEK 15 million (E1.6 million) in 2004, says Paul Östling, founder and managing director of Ecovision.

Newmedia specializes in technology that delivers and presents market data and news in financial intranet and Internet products. Customers include Handelsbanken, Skandiabanken

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