Security Pacific Market Information will cease to be at the end of July. Less than two years after its launch, the PC-based fixed-income data service has fallen victim to slow growth -- and to apparent boredom on the part of Security Pacific Corp., one of its parents.
At its demise, SPMI has about 400 subscribers and is thought to be losing money at an annual pre-tax rate of about $1.7 million. "It wasn't meeting our financial objectives," says SPC spokesperson Randall Brelsford. Competing wi
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails