NEW YORK, Sept. 10 /PRNewswire/ -- TheMarkets.com, a leading provider of research and estimates to institutional investors worldwide, and InfoNgen, the first discovery engine for business, finance and information professionals, announced today a partnership to develop applications that will enable institutional investors to filter through online content for the pieces most relevant to their investment analysis. InfoNgen's best-of-breed web discovery technology delivers targeted information from mainstream news sites, local and foreign language media, blogs, and regulatory sites, by intelligently categorizing content along business and financial themes. The Companies' joint initiative will streamline buy-side access to real-time information, by bolstering TheMarkets.com's leading broker research with InfoNgen's web content discovery technology.
"Our integration of the InfoNgen technology will empower institutional investors to efficiently leverage relevant insights from the web, tracking media flow in real time as a supplement to the broker research we provide," said David Eisner, CEO and President of TheMarkets.com. "We look forward to developing custom applications for the buy-side that will boost investors' efficiency, by parsing hundreds of thousands of content entries daily to deliver targeted information when and where they need it." "This partnership will extend the value of TheMarkets.com content by powering it with a proprietary discovery engine that can integrate the most relevant real-time information from both research reports and the web- delivered content investors depend on today," said John Mahoney, CTO and Co- Founder, InfoNgen. "By giving busy investors a consistent, filtered view across broker research, news sources, industry publications, journals, and blogs, TheMarkets.com will raise the bar on content discovery in the professional financial marketplace." InfoNgen services are available to TheMarkets.com subscribers now, with additional solutions forthcoming.
About TheMarkets.com TheMarkets.com is a leading provider of research and estimates services to over 1700 institutional investment management firms worldwide. TheMarkets.com is owned by: Banc of America Securities, LLC (NYSE:BAC), Citi (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:NASDAQ:RTR), which provides technological infrastructure, web-hosting services, and certain proprietary content.
About InfoNgen InfoNgen is owned by Instant Information, Inc., which was founded in 2004 by Isaak Karaev and John Mahoney to provide information management and collaboration solutions to the financial industry. The company is privately owned and funded by Standard & Poor's, Reuters, and several private equity firms including Union Square Ventures.
PRESS CONTACTS:
Jasmine Swann (TheMarkets.com)
+1 212-812-4631 Pete Dorogoff (InfoNgen)
+1 917-273-8079
DATASOURCE: TheMarkets.com CONTACT: Jasmine Swann of TheMarkets.com, +1-212-812-4631, , Pete Dorogoff of InfoNgen, +1-917-273-8079, Web site: http://www.themarkets.com/
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