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‘Integration' Key Driver In Vhayu Buy |
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Dealing with Technology
08/10/2009 |
NEW YORK-Thomson Reuters has acquired real time-enterprise tick data technology provider Vhayu Technologies in order to achieve better integration between the two vendors' product sets, officials from both vendors say, declining to disclose the financial details of the deal.
"The real drivers are the integration and lowering the complexity for customers in using a ton of data combined with technology to get value. That is a big focus for us," says Michael Parlapiano, global head of strategy and business development, enterprise, for Thomson Reuters.
The two vendors have been partners for four years. The relationship began when Thomson Reuters chose to partner with a vendor that was able to store vast amounts of data and then run analytics on that data-rather than building that capability in-house, says Jeff Hudson, formerly CEO of Vhayu. He will stay on at the combined entity, serving as global head of Vhayu Technologies.
After doing some integration work for a few clients together, Thomson Reuters and Vhayu solidified their partnership by releasing joint products and have worked to integrate Vhayu's Velocity software with Thomson Reuters Market Data System (RMDS) and have designed a single, normalized view for Reuters Real-Time Data and Reuters DataScope Tick History. Thomson Reuters has also been distributing Velocity under the Reuters Tick Capture Engine label for the last four years, according to vendor officials.
Hudson says the acquisition was a "very natural" progression of the relationship.
"We want to be able to offer clients a comprehensive suite of data management capabilities that are integrated so that the client can spend their time on doing value-add work and not on doing integration and plumbing," Parlapiano says.
In addition to receiving a more tightly integrated product, Vhayu and Thomson Reuters clients will benefit from having one point of contact for support, integration and training, says Parlapiano. Thomson Reuters will also continue to offer the Vhayu products as open systems, so that clients who wish to integrate their own data sources or third-party data into the Vhayu software are able to do so, Parlapiano adds. In addition, Thomson Reuters is looking into offering the Vhayu engine on a hosted basis through Thomson Reuters' global hosting centers, he says.
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