Mead Data Central Buys Canada's Dataline For $10 Million, Will Integrate Real-Time Info With Text Databases
THIS MONTH'S LEAD STORIES
The Mead Data Central unit of Mead Corp. bought Canada's number two quote vendor, Toronto-based Dataline, Inc., for US$10.1 million. Mead, known mostly for its full-text databases, isn't expected to compete in the mainstream quote business, but will use Dataline information and technology to supplement and add value to its existing services.
The purchase price highlights the premium Telerate paid in its acquisition of CMQ Communications, Inc. (MTR, November 1987) Mead paid $10 million for a firm
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