INTERACTIVE DATA ACQUIRES NTT DATA PRICING UNIT

Posted November 19, 2008

BEDFORD, Mass. -- Financial market data, analytics and services provider Interactive Data Corporation (NYSE: IDC) plans to acquire the majority of Tokyo-based NTT DATA Financial Corporation (NDF), a securities pricing and reference data provider, from NTT DATA Corporation. The acquisition price is 1.9 billion yen (about $20.2 million). The deal is expected to close by year-end 2008.

“It is important for Interactive Data to have a strong and direct presence in the world’s second-largest economy,” says Stuart Clark, President and Chief Executive Officer of Interactive Data Corporation. “We have enjoyed a successful and long-standing relationship with NDF in Japan over the past 14 years, and share a common approach to building long-term, trusting relationships with our clients. We believe that acquiring NDF will enable Interactive Data to accelerate its growth in Japan and make progress toward our objective of being the first choice for financial market data and related services in that marketplace.”

Interactive Data and NDF have been partners in a re-distribution relationship in Japan for more than 14 years, providing financial institutions with global end-of-day securities pricing, evaluations and reference data for clients’ mission-critical investment operations, including portfolio valuation and accounting. This acquisition advances Interactive Data’s strategy of expanding its business in the Asia-Pacific region, through additional services such as fixed-income analytics, valuations of complex financial instruments and indicative valuations of exchange-traded funds (ETFs) and other related structures. After the transaction is closed, Interactive Data plans to change the name of NDF to Interactive Data Japan KK while retaining the personnel and operating the business in a manner consistent with current practices.

“The acquisition of NDF will provide Interactive Data with a strong direct presence in Japan, which will help us to further grow our business in the Asia-Pacific region,” says James Farrer, Managing Director of Interactive Data Asia-Pacific. “Moving from a distributor model to an ownership model in Japan is an important milestone for us. Financial institutions are focused on driving efficiencies in financial operations across their front-, middle- and back offices while remaining compliant with evolving regulations.”