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Multex.com Buys International Financial Info Company

**Veronis Suhler acted as financial advisor to Barra.

NEW YORK --December 8, 2000-- Online financial marketplace Multex.com extended its worldwide reach with the acquisition of BARRA Global Estimates. BARRA Global Estimates, which offers financial information from foreign brokers and is a venture of BARRA, covers companies in such regions as the U.K., Japan, and the Pacific Basin.

With the deal, Multex.com, which covers U.S. and Canadian companies, said it will form Multex Global Real-Time Estimates, a new company offering estimates from over 600 brokers covering more than 16,000 companies in 60 countries.

Financial terms of the deal were not disclosed.

"Many of Multex.com's largest clients are global firms," Homi Byramji, Multex.com's senior vice president said in a statement. "This acquisition expands our international offerings to support their needs." The news sent Multex.com's stock up $1.37, or about 14 percent, to $10.86. Multex.com was one of the few Alley companies to report good news this quarter: a profit. The company posted $22.8 million in revenues and a profit of $210,000, or 1 cent per share.


 

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