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Weekly News Digest
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January 9, 2006 — 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.
CLICK HERE to view more Weekly News Digest items.
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Thomson to Acquire Quantitative Analytics
The Thomson Corp. (http://www.thomson.com) announced that it has signed an agreement to acquire privately held Quantitative Analytics, Inc. (QAI; http://www.qaisoftware.com), a Chicago-based provider of financial database integration and analysis solutions. QAI's software solutions are currently used by more than 200 global investment firms for securities selection, modeling, back-testing, portfolio construction, and trading strategy development. Financial terms of the transaction were not disclosed. All of QAI's management team and employees will become part of the investment management segment of Thomson Financial.QAI integrates multiple data sources, including proprietary customer data, to create an integrated database of financial information. It also provides a suite of analytical tools to query or "mine" the database for insights and trading ideas. Upon completion of the acquisition, Thomson Financial will have the ability to deliver integrated, multi-asset class work flow solutions on a global basis. QAI's products include MarketQA, which integrates a function language with historical and daily updated fundamental and pricing data, and high-frequency data solutions via FasTick and FasTick RT, its high-compression financial data capture, storage, and analysis tools. WebQA, a QAI product that is currently under development, is a Web-based custom report generator that accesses the MarketQA databases. Source: The Thomson Corp.
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Brandi Scardilli
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