Business/Internet & Technology Editors
BURLINGAME, CA., & LONDON, U.K.--(BUSINESS WIRE)--Dec. 12, 2000
NewsTakes, Inc. and Standard & Poor's ComStock today announced a cooperation agreement that will enable the firms to make comprehensive information on financial markets available to virtually any Internet access device.
Standard & Poor's ComStock's financial markets data will be "repurposed" by NewsTakes in order to make the data accessible from such devices as PDAs, WAP phones, laptop and handheld PCs, via any network at any bandwidth. By using NewsTakes' patent-pending technology, users will be able to easily access content that is automatically reformatted and optimized for each device, from a single stored copy.
"NewsTakes' technology allows us to offer our customers additional choice through accessibility to our data via a wide range of mobile access devices," said Mark Hepsworth, Managing Director-Europe for Standard & Poor's ComStock. "Newstakes will also allow our customers to stay abreast of a rapidly evolving marketplace by supporting new devices within 48 hours of their release into the market."
NewsTakes' service "repurposes" content from any source - audio, video, text and graphics - analyzing it automatically and in real-time, and optimizing it for the capabilities of the device. For example, a video news feed can be shown on a wireless PDA as a series of intelligently selected slides, with accompanying audio or text. Similarly, a financial chart originally intended for display on a television or computer can be sized automatically to make it readable on a variety of cellular phones.
"We are delighted to have reached this agreement with such a well-recognized global content provider as Standard & Poor's ComStock," said Steve Rand, NewsTakes' Senior Vice President of Business Development, Marketing and Sales. "This combination will appeal to a wide range of customers looking for more flexibility and functionality when accessing financial markets data."
About Standard & Poor's ComStock
Standard & Poor's ComStock provides real-time worldwide financial information, including securities, foreign exchange and commodities data, news, historic information and software applications, to retail and online brokers, financial planners and advisers, institutional investors, and online portal redistributors. ComStock's global real-time datafeed can be supplemented with proprietary information and services from the entire Standard & Poor's organization.
ComStock is a member of the Retail Markets segment of Standard & Poor's. Standard & Poor's Retail Markets is a leading provider of objective real time, daily, weekly and monthly investment information to retail financial intermediaries. Products include: MarketScope, Stock Reports, Advisor Insight, Xpresso, Xstream Quotes, S&P News, the Outlook, Stock/Bond/Earnings Guides, Register, Industry Survey and S&P Advantage.
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), provides independent financial information, analytical services, and credit ratings to the world's financial markets. Among the company's many products are the S&P Global 1200, the premier global equity performance benchmark, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds worldwide. Standard & Poor's has more than 5,000 employees located in 21 countries, Standard & Poor's is an integral part of the global financial infrastructure. For more information, visit us on the web at www.standardandpoors.com.
About NewsTakes
Based in California's Silicon Valley with offices in Singapore and London, NewsTakes helps its partners offer their users a wide selection of rich-media content that satisfies their diverse information requirements. Its standards-based, proprietary repurposing engine offers a cost-effective method for distributing content in any format, in real time, while maintaining the content's integrity, to any Internet-enabled device. The company has assembled a number of partnerships with world-class media and distribution companies; its investors include Orange, Europe's second largest mobile operator, and the highly regarded Asian carrier SingTel. To learn more, visit http://www.newstakes.com.
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