Sunday 01 August 2010
Interactive Data Corporation announced it has signed an agreement to acquire the data and tools assets of Dow Jones & Co. Inc.’s Online Financial Solutions (OFS) business. Depending on closing conditions, the deal should be finalized in the next few weeks. The OFS data and tools, which were part of MarketWatch Licensing Services prior to the acquisition of MarketWatch, Inc. by Dow Jones in , are used to develop and host web-based solutions, including news, market data, research and advanced charting, portfolio management and alerting capabilities, for approximately 200 financial institutions, active investor services, and media web portals.
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Click here to find out more! Interactive Data plans to integrate the acquired OFS assets into its U.S. Managed Solutions group and will retain a number of the company’s employees. As part of the plans to migrate the OFS customers into Interactive Data’s technical infrastructure, Interactive Data and Dow Jones have entered into a transition services agreement for hosting and other related services for up to 2 years.News relevant to the digital content industry and enterprise digital content is posted several times a week on www.econtentmag.com, in addition to the news section that appears every month in the pages of EContent magazine. If you have comments please email ecletters@infotoday.com.
Interactive Data Corp., a provider of financial market data, analytics and related solutions, announced it has signed an agreement to acquire the data and tools assets of Dow Jones & Company, Inc.’s Online Financial Solutions (”OFS”) business.The transaction is expected to be completed within the next several weeks, contingent upon customary closing conditions.In a release, the Company noted that the OFS data and tools are used to develop and host Web-based solutions, including news, market data, research and advanced charting, portfolio management and alerting capabilities, for approximately 200 financial institutions, active investor services, and media Web portals. These OFS assets were formerly part of MarketWatch Licensing Services prior to the acquisition of MarketWatch, Dow Jones will retain its news business and enter into a non-exclusive redistribution agreement with Interactive Data to sell MarketWatch news to new and existing customers in the OFS market.Interactive Data said that it plans to integrate the acquired OFS assets into its U.S. Managed Solutions group, which is part of Interactive Data Real-Time Services. The Company expects to retain a number of employees currently affiliated with the OFS business, which has operations in Minneapolis, New York City and San Francisco. As part of the plans to migrate the OFS customers into Interactive Data’s technical infrastructure, Interactive Data and Dow Jones have entered into a transition services agreement for hosting and other related services for up to two years.
“We believe that acquiring these OFS assets will further accelerate the progress we’ve made over the past several years to rapidly grow our Web-based solutions business in North America,” said Ray D’Arcy, Interactive Data’s president and chief executive officer. “We see attractive opportunities for us to further expand OFS’s business with its institutional customers by offering them a much broader range of services and solutions. In addition, this acquisition will bring us valuable development and support resources that can help us further scale this part of our business.”
Assuming the transaction closes within the next several weeks, Interactive Data anticipates that the transaction will be cash flow positive and earnings neutral in 2009 and 2010, and, through a combination of planned revenue growth and operational synergies, accretive to earnings by
a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment, has entered into a definitive agreement to acquire Sierra Monolithics, Inc. for $180 million in cash. Headquartered in Irvine, California with design centers in Irvine and Redondo Beach, California, Sierra Monolithics provides high performance analog ICs and solutions for a wide array of communications systems and applications. The transaction is expected to be accretive to Semtech’s GAAP earnings per share within twelve months of the transaction closing and is expected to be immediately accretive to Semtech’s Non-GAAP gross margins and Non-GAAP earnings per share.Sierra Monolithics, Inc. was founded in 1986, and has approximately 110 employees including over 60 engineers. SMI has experienced significant growth over the past few years fueled by rapid growth in traffic over both wireline and wireless telecom networks. Market growth drivers for SMI include growing video traffic over the internet, competition between cable operators and telecom carriers, emergence of datacenters, cloud computing, and wireless data services. Over the last five years, SMI has grown revenue at a compound annual growth rate of over 40%.SMI is the recognized leader in the 40Gbps and 100Gbps SERDES space. Its 40Gbps SERDES product portfolio includes multiple chip sets which address all the major 40Gbps modulation schemes currently being deployed worldwide. These leadership products have enabled SMI to become a key supplier to almost all of the major telecom OEMs and Optical module customers offering 40Gbps solutions. Following up on its success in the 40Gbps SERDES arena, SMI was also the first semiconductor company to provide both client side as well as line side 100Gbps SERDES chip sets for the emerging 100Gbps telecom and datacom markets. In addition, SMI leverages its expertise in high frequency wireless technologies and protocols to deliver wireless solutions for high performance military and wireless networking applications.Sierra Monolithics expects to generate approximately $50 million of revenue for calendar with gross margins towards the high end of Semtech’s stated gross margin model of 55% to 60%. Driven by its growing product portfolio and the rapid growth markets it addresses, Sierra Monolithics expects to continue the rapid growth vector it has been on over the last five years, including revenue growth of approximately 20% to 30% in calendar Sierra Monolithics’ focus on providing leading solutions to the core communications infrastructure and leading edge defense markets enhances Semtech’s value proposition to major customers in these markets. With the acquisition of Sierra Monolithics, Semtech adds an additional, high growth revenue stream to Semtech’s portfolio of growth engines.“We are extremely excited to have Sierra Monolithics become a part of Semtech,” said Mohan Maheswaran, President and Chief Executive Officer of Semtech. “Sierra Monolithics has the benefit of over 20 years of innovation, design and commercialization of high performance Analog ICs and solutions and brings to Semtech a world-class engineering team.
Commenting on the results, CSC Chairman and Chief Executive Officer Michael W. Laphen said, “We are pleased with our Q2 results, most notably our significant, sequential and year over year, continuing performance improvements in cash flow, operating income, and margin rate. Additionally, new business awards in the quarter also increased sequentially and that momentum continues into the third quarter.”
New Business Awards For the quarter, the new business awards totaled $4.58 billion. Across the three lines of business, North American Public Sector (NPS) contributed $3.23 billion, Business Solutions and Services (BSS) reported $0.98 billion, and Managed Services Sector (MSS) closed $0.37 billion of new business. Thus far in the third quarter of fiscal 2010, the company has secured new business awards of approximately $4.2 billion including the yet to be finalized Zurich Financial Services Group contract.
Business Outlook “In MSS, our new business activity is strong,” said Laphen, “benefiting from the counter-cyclical pressure for businesses to look to outsourcing as a means of achieving necessary cost reductions and earnings improvement. Our year-to-date bookings support our optimism for the second half of this fiscal year. However, demand for short term IT consulting projects is still subdued and this is currently impacting our BSS sector. Our Federal business continues to experience growth due to the company’s solid market position, performance and customer satisfaction, and we remain confident that NPS revenue will grow at mid to high single digits this fiscal year.”
In the widest theatrical 3D film release to date, approximately $16 million in 3D box office was generated by Columbia Pictures’ and Sony Pictures Animation’s Cloudy with a Chance of Meatballs in theatres equipped with RealD’s leading 3D cinema platform. Cloudy with a Chance of Meatballs earned an estimated $30.3 million in total box office and debuted at #1 during its opening weekend. The box office generated in theatres with RealD technology accounted for over 50% of the weekend’s receipts. The film was released in 3,119 locations, and the majority of the playdates were RealD and other 3D bookings.”Cloudy with a Chance of Meatballs is a terrific film with innovative and creative 3D techniques. This is a tremendous victory for our colleagues at Columbia Pictures and Sony Pictures Animation and for our worldwide network of exhibitor partners,” said Michael V. Lewis, CEO of RealD. “With over $16 million, RealD 3D continued the trend of delivering the majority of box office gross for opening weekend proving once again that audiences everywhere prefer the 3D experience to any other.”
Columbia Pictures’ and Sony Pictures Animation’s Cloudy with a Chance of Meatballs, inspired by the beloved children’s book, focuses on a town where food falls from the sky like rain.
Bill Hader, star of “Saturday Night Live” and Night at the Museum: Battle of the Smithsonian, is the voice of Flint Lockwood, a young inventor who dreams of creating something that will improve everyone’s life. Anna Faris, who recently turned heads as the star of the comedy hit The House Bunny, takes on the role of Sam Sparks, a weathergirl covering the phenomenon who hides her intelligence behind a perky exterior. James Caan plays Tim Lockwood, Flint’s technophobic father. Andy Samberg plays Brent, the town bully who has plagued Flint since childhood. Bruce Campbell plays Mayor Shelbourne, who figures out that Flint’s invention can put the town, and more importantly himself, on the map and Mr. T plays the by-the-rules town cop Earl Devereaux. The film also features the vocal talent of Neil Patrick Harris.
RealD is the global leader in 3D, bringing the most advanced and realistic digital 3D experience to cinemas worldwide. RealD’s new generation technology, deployed across the world’s largest 3D platform with 9,000 screens under contract and nearly 4,000 screens installed with 300 partners in 48 countries, provides a stunningly lifelike viewing experience. Beyond cinema, RealD is the worldwide inventor and provider of key stereoscopic technologies used in science, manufacturing, marketing, and other industries, with 30 years of scientific development behind its systems. RealD’s mission-critical 3D visualization technologies are used by organizations such as NASA, Pfizer, BMW, Boeing and more. Visit www.realD.com for more information.
About Sony Pictures Entertainment Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE’s global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in more than 100 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.
Sony Pictures Animation exemplifies the next generation of CGI storytelling to produce a variety of animated entertainment for audiences around the world. Sony Pictures Animation is developing a full slate of films including the mouth-watering 3D comedy Cloudy with a Chance of Meatballs now in production for a September 2009 release, in pre-production on Hotel Transylvania and in pre-production in association with Columbia Pictures on The Smurfs Movie. In 2007, Surf’s Up, was nominated for an Academy Award(R) for Best Animated Feature and won two Annie Awards. The company’s first film, Open Season, was a box office success and the #2 DVD title of the year for Sony Pictures Home Entertainment. Its sequel, Open Season 2, released in 2009, was an international family hit. Sony Pictures Animation is an operating unit of Sony Pictures Digital Producti
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