Reuters to Provide Scottish Widows with Company Information; Agrees TIBCO Deal
Scottish Widows Investment Partnership (SWIP) has selected Reuters to deliver company information to its portfolio managers and analysts. Reuters Fundamentals will be incorporated into SWIP’s in-house research solution, which was built and is hosted by Reuters Research. This solution brings together SWIP internal research, sell side research and Reuters Fundamentals and Reuters Estimates. Separately, Reuters and TIBCO Software have announced a commercial agreement which allows TIBCO to pursue the financial services market directly. Reuters intends to reduce its TIBCO stake and TIBCO has agreed to repurchase a portion of its shares from Reuters if Reuters completes a public offering of TIBCO shares. Reuters will continue to use TIBCO technology internally and embedded within its products. Reuters will, however, phase out its role as a general reseller of TIBCO products over the next 18 months.