Telerate Adds FX Development Group To Foreign Exchange Systems Arsenal
THIS WEEK'S LEAD STORIES
Telerate Inc. last week completed its purchase of FX Development Group, a Mountainview, Calif.-based systems integrator, for an undisclosed amount of cash. The company previously was controlled by its four founders, with minority stakes held by employees, Stanford University, the University of California at Berkeley, and V Band Corp.
"We want to be to Telerate what Rich is to Reuters," says Dennis M. Rohan, FX Development chairman. The Reuters Holdings PLC-Rich Inc. analogy isn't entirely
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