TheMarkets.com Reports Record 2007 Results
March 19 2008 - 3:30PM
PR Newswire (US)
Quadruples revenue over three-year period; launches at 2000th
client firm; achieves 94% subscriber renewal rate NEW YORK, March
19 /PRNewswire/ -- TheMarkets.com, a leading provider of research,
estimates and workflow solutions to institutional investors
worldwide, announced today that its revenues grew 55% in 2007, in
keeping with its growth trend of the past four years. The Company
continues to outpace the market year after year, with 2007 capping
a three-year period during which TheMarkets.com more than
quadrupled revenues. The Company also reported that it has expanded
its unique research content, while growing its client footprint to
include over 2000 firms globally. For 2007, TheMarkets.com reported
a firm-record 94% renewal rate on subscriptions to its research
platform. Since its launch, the platform has consistently achieved
better than 90% renewal rates, reflecting customer loyalty among
the leading buy-side firms using the product, including 77 of the
world's largest 100 hedge funds, 38 of Europe's 50 top asset
managers, 20 of the 25 largest U.S. asset managers and 32 of the
world's 50 biggest private equity funds. Additionally, existing
accounts significantly expanded their subscriptions to include new
teams, offices and countries. One client, Pioneer Investment
Management, which has used TheMarkets.com for over five years,
deployed TheMarkets.com in offices in ten countries across three
continents in 2007. Also last year, TheMarkets.com enhanced its
research platform, launching TheMarkets.Bullseye, a search engine
and alerting system, developed in partnership with InfoNgen, that
combines research content with news and blogs. John Barrett, a
senior equity analyst at Columbia Management and subscriber to
TheMarkets.com for the past four years, notes, "I use
TheMarkets.com all the time. It has the global research, estimates
and models I use in my analysis and its robust searching
capabilities -- especially watchlists -- make that content easy to
find. Bullseye has made my watchlists even more helpful; it pulls
news from a huge number of sources and puts it right alongside my
research. In short, I'm getting more relevant content and spending
less time searching for it with TheMarkets.com." David Eisner, CEO
and President of TheMarkets.com, said, "Our growing roster of
global clients, continued expansions at existing accounts and
record client renewal rate testify to the breadth of our content
and the ease with which clients can access it. To better serve the
needs of our growing, global client base, we have focused on
expanding our content offering, considerably increasing
contributions from many of our partnering brokers." Recent content
additions, not available on other research platforms, include
several thousand earnings models covering non-U.S. companies and
thousands of global fixed income reports on EMG, rates, structured
products, derivatives and fixed income strategy research. Over the
past year, TheMarkets.com more than doubled its employee base in
New York, while also doubling its sales and client representatives
in its London office for increased local support of its European
clients. "TheMarkets.com has led the industry in our responsiveness
to clients' needs and we will continue to provide that level of
service and attention across the globe," said Eisner. About
TheMarkets.com TheMarkets.com is a leading provider of research,
estimates and workflow solutions to over 2000 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: RTR). CONTACT: Jasmine Swann
TheMarkets.com +1 212.812.4631 DATASOURCE: TheMarkets.com CONTACT:
Jasmine Swann of TheMarkets.com, +1-212-812-4631, Web site:
http://www.themarkets.com/
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