ECOFIN takes over Calanda Technology AG

Comprehensive product range for financial data solutions with takeover of Calanda Technology AG by ECOFIN Management AG

Zurich (PRWEB) August 22, 2004 -- ECOFIN Management AG has today announced the takeover of Calanda Technology AG.

ECOFIN is thus expanding its range of securities data products with the innovative solutions developed by Calanda Technology AG, which supplies products for Bloomberg, Reuters, Telekurs and other data providers.
The result will be a product range with which financial institutions can cover all their financial data provision software requirements, from small departmental solutions for an individual data provider to company-wide multi-provider solutions.

"Thanks to the synergies between the two companies, customers will now be able to obtain financial data solutions for all the major data providers from one source. This means that all users and applications can now be supplied with the necessary instrument, event and financial market data and time series quickly, reliably and cost-effectively," says Prof. Dr. Martin Janssen, founder and CEO of ECOFIN.

"Our takeover by ECOFIN opens up new markets and new perspectives for our products. It will also enable us to offer our existing customers even more comprehensive services," says Dr. Duri Schmidt, CEO of Calanda Technology, who has transferred to ECOFIN along with other Calanda employees.

About ECOFIN
ECOFIN is an independent group of companies working in the fields of banking and finance, pension plans, investment consulting and financial planning for private investors. It successfully combines expertise in the areas of finance, IT and actuarial mathematics with knowledge of institutional frameworks. In the field of financial data solutions, it offers data models for securities data and portfolio management as well as data warehouse solutions for Telekurs VDF and WM.

About Calanda Technology AG
Calanda Technology AG offers data feed interface and data warehouse solutions for financial data products such as the Bloomberg Data License, Reuters DataScope, Telekurs HIKU and others. Calanda Technology AG also offers software for managing and publishing public statistics as well as charting solutions for web applications.

More information can be obtained from:
www.ecofin.ch
www.calanda-technology.com