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Non-Tech : IDC: Interactive Data (NYSE)
IDC 4.970+5.7%Jun 7 5:00 PM EST

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To: MJ who started this subject3/3/2003 11:55:03 AM
From: MJ   of 34
 
Press Release Source: Interactive Data Corporation

Interactive Data Completes Acquisition of S&P ComStock
Monday March 3, 8:33 am ET

BEDFORD, Mass.--(BUSINESS WIRE)--March 3, 2003--Interactive Data Corporation (NYSE: IDC - News) today announced the closing of its acquisition of S&P ComStock, Inc., a real-time information service providing financial data from more than 180 stock exchanges worldwide.
Stuart Clark, president and chief executive officer of Interactive Data Corporation, commented, "We are very pleased to have completed an acquisition that offers so many opportunities to expand and strengthen Interactive Data Corporation's business. The addition of ComStock's real-time market datafeeds rounds out our ability to serve the mission-critical operations of the global financial community."

Interactive Data Corporation paid $115 million in cash for ComStock, which was formerly a unit of Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP - News).

Safe Harbor Statement

The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include our ability to successfully integrate the ComStock business, our ability to maintain relationships with key suppliers and providers of market data, including ComStock suppliers, and those other risks and uncertainties set forth under the heading "Forward-Looking Statements" in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2001. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

About Interactive Data Corporation

Interactive Data Corporation is a leading global provider of securities pricing, financial information, and analytic tools to institutional and individual investors. The company supplies time-sensitive pricing (including evaluated pricing), dividend, corporate action, and descriptive information for more than approximately 3.5 million securities traded around the world, including hard-to-value instruments. The company links to most of the world's best-known financial service and software companies for trading, analysis, portfolio management, and valuation.

Interactive Data Corporation is headquartered in Bedford, Massachusetts. Through its branded businesses, FT Interactive Data, CMS BondEdge, and eSignal, Interactive Data Corporation has approximately 1,800 employees in offices in North America, Europe, Asia, and Australia. Pearson plc (NYSE: PSO - News), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, owns approximately 60 percent of Interactive Data Corporation.

--------------------------------------------------------------------------------
Contact:
Interactive Data Corporation, Bedford
Steven Crane, 781/687-8309
Steven.Crane@ftid.com
or
Media:
Naomi Kaufman, 781/687-8045
Naomi.Kaufman@ftid.com
or
Investor Relations Contact:
Lippert/Heilshorn & Associates, New York
Harriet Fried, 212/838-3777
hfried@lhai.com

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Source: Interactive Data Corporation
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