Holders of Thomson Reuters Plc
American Depositary shares will receive six Thomson Reuters Corp.
will be renamed Thomson Reuters Corp., and Thomson Reuters PLC
will be a new U.K.
Palo Alto, California-based Tibco reported total license revenue for the quarter of $13.2m, up from $3.3m a year ago - with roughly $4.9m of the total coming from majority owner Reuters Plc
. On the service and maintenance revenue side of the business, total revenue rose 44.6% to $10.9m, while the Reuters-related portion was $642,000.
VP of sales and marketing Lindsay Cox said the bulk of the new funding will go to "building a sales and marketing machine" for the company, whose Mediasurface 2.0 product has so far attracted business from 25 UK customers, including high profile web site operators such as Reuters Plc
The Menlo Park, California-based company said Tuesday that it has reached an "agreement in principle" with Instinet, an electronic brokerage agency and subsidiary of Reuters Plc
, that will give E*Trade customers access to after-hours trading which, until recently, was traditionally only available to large institutional investors, fund managers and broker/dealers.
Middleware company Tibco Software Inc, a division of Reuters PLC
, sold 7.3 million shares at $15 in its initial public offering on Tuesday, $4 above the range of $9 to $11 set by Goldman, Sachs & Co, raising $109.5m.
has invested an undisclosed sum in Reciprocal Inc.
Tibco Software Inc, the Palo Alto, California-based, real-time middleware company, will float as a public company still shackled to its majority shareholder, UK-based information provider Reuters Plc
, in a manner likely to cause long-term tensions between the two companies.
WR Hambrecht & Co, the firm set up by veteran investment banker Bill Hambrecht to take companies public through an online auction system, has received a $20m equity investment from Reuters Plc
subsidiary, Instinet Corp.
The company, which is jointly owned by the French stock exchange operator SBF and UK news and business information provider Reuters Plc
, markets electronic order routing systems and trading software for the financial markets, and will use the funds raised in its international expansion.