Global Growth Leads to Penetration in 40 Countries
NEW YORK, Dec. 21 /PRNewswire/ -- TheMarkets.com, the global research and estimates platform for institutional investors, today reported continued growth for its flagship product. The past year has been full of landmarks for the six-year-old company, including product deployment at its 1500th client firm and in its 40th country. TheMarkets.com commingles real-time, global research and estimates from hundreds of contributors with proprietary content from the Company's founding brokers, including earnings models in Excel format.
Clients now include investors at 42 of the 50 largest U.S. asset managers, nearly three-quarters of the top 100 hedge funds, and over half of the top 50 private equity firms. Additionally, the Company's global reach continues to expand, and it now counts over half of the top 100 European asset managers as clients.
"We are extremely proud of our growing client roster and look forward to meeting their research needs through our unique platform," said Alina Sullivan, Vice President of Global Sales at TheMarkets.com. "The addition of many of the top firms in the world this year and the enthusiasm we've heard from them so far affirm both our goals as their research partner and our broader objective to be the research partner of choice for institutional investors worldwide." Earlier this fall, TheMarkets.com launched a major new release of its platform to streamline product navigation and to better leverage unique content from its owning brokers. As a result of its recent product release, TheMarkets.com reported strong satisfaction ratings and continued time-savings by users of TheMarkets.com. Paul Lavine, an analyst at OppenheimerFunds said, "TheMarkets.com is one of the most valued services in my workflow. Through its intuitive interface and unique commingled content, it saves me notable time in my weekly research efforts." The release was based on direct research with users of the product. "Our clients are the leading investment managers in the world. Why would we turn anywhere else for direction on how to make our product the premier research platform for institutional investors?" said David F. Eisner, CEO and President of TheMarkets.com. "With our continued global expansion, we're on track for our fourth consecutive year of market-leading revenue growth. We're looking forward to moving into 2007 backed squarely by the momentum of a successful year, a growing client base, and a newly refreshed product." About TheMarkets.com TheMarkets.com delivers unprecedented access to the premier real-time research, earnings models, estimates, and full website content and quantitative tools of its eleven contributing Member Firms, plus U.S. equity deal coverage and research from hundreds of global contributors. TheMarkets.com is owned by: Banc of America Securities, LLC (NYSE:BAC), Citigroup (NYSE:C), Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), Dresdner Kleinwort, part of Dresdner Bank AG and a member of the Allianz Group (NYSE:AZ), The Goldman Sachs Group (NYSE:GS), JPMorgan Chase (NYSE:JPM), Lehman Brothers (NYSE:LEH), Merrill Lynch (NYSE:MER), Morgan Stanley (NYSE:MS), UBS Investment Bank (NYSE:UBS), and Reuters (NASDAQ:RTRSYNASDAQ:LSE: RTR), the global information company, which provides technological infrastructure, web-hosting services, and certain proprietary content.
CONTACT:
Beth Kite
TheMarkets.com
+1.212.812.4633
DATASOURCE: TheMarkets.com CONTACT: Beth Kite of TheMarkets.com, +1-212-812-4633, or Web site: http://www.themarkets.com/
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