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Weekly News Digest

August 13, 2009 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Data Solutions Firm Vhayu Technologies Acquired by Thomson Reuters

Vhayu Technologies (www.vhayu.com), a data analysis company, announced that it has been acquired by Thomson Reuters (www.thomsonreuters.com). Vhayu provides enterprise tick data solutions and has more than 70 customers worldwide. Through its patented Velocity and Squeezer technologies, Vhayu combines software and hardware to enable faster and smarter trading decisions for financial firms concerned with the processing and storage of market data. The terms of the deal for privately held Vhayu were undisclosed.

Thomson Reuters has been distributing Velocity under the Reuters Tick Capture Engine label for the past 4 years. During that time, Vhayu developers have deeply integrated Velocity software with Thomson Reuters Market Data System (RMDS) and have devised a single, normalized view for Reuters Real-Time Data and Reuters DataScope Tick History. Velocity will be an integral component of the Thomson Reuters Quantitative and Event Driven Trading solution, which provides the financial community with the necessary tools for pretrade analytics and trading strategies.

Vhayu was founded in 1998 by Intel technologists who brought together more than 20 years of experience architecting high-performance hardware and software solutions. Headquartered in Silicon Valley, Vhayu also has offices in New York, London, and Tokyo.

Source: Vhayu Technologies



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