Comtex Names Kan Devnani CTO and Vice President

News provided by

Feb 06, 2012, 08:15 ET

NEW YORK, Feb. 6, 2012 /PRNewswire/ -- Comtex News Network, Inc., a leading provider of economically useful electronic real-time news, content and SmarTrend® market products, today announced that Kan Devnani has been appointed to the positions of Chief Technology Officer and Vice President. As CTO, Mr. Devnani will design and lead the company's technology strategies, spearhead innovative product development and execution, and ensure the continued growth of technology security and infrastructure.

Mr. Devnani has extensive experience in the finance and investment banking industries, and brought Comtex more than a decade of valuable technology leadership, when he joined the company as Director, Technology in 2010. From 1998 until 2010, he served in various senior software engineering leadership positions at FactSet Research Systems, Inc., a leading supplier of financial information which combines global market data, public and private company data, and equity and fixed income information into a consolidated platform. During his time there, Mr. Devnani successfully started and executed aggressive product, technology and content integration initiatives.

"Kan has a proven track record of building strong, motivated IT teams with both in-house and offshore resources, and delivering innovative products and platforms for Comtex. We're thrilled to promote him to this key senior management position," said Chip Brian, President and CEO of Comtex. "2012 is a pivotal year in the company's journey with a focus on expanding its reach and scope through an aggressive corporate strategy and product roadmap. Kan's background and insight into building actionable content and user based products will propel our ambitious product strategy forward and help to accelerate the growth of our business," concluded Mr. Brian.

Kan Devnani stated, "Working for a company with such a strong commitment to consistent innovation and technology adoption is exciting to me and I am honored to accept the responsibilities of CTO and Vice President. Comtex has a solid history of creating and deploying products that use cutting edge technologies to deliver easy-to-use, intuitive, and empowering products to its clients. I look forward to helping Comtex continue on its path of building innovative proprietary products and platforms."

Mr. Devnani, 36, who also enjoys playing jazz saxophone, holds a B.S. in Mathematics and Computer Science from Carnegie Mellon University and lives with his wife in New York City.

About Comtex
Comtex (www.comtex.com) provides real-time news, Comtex SmarTrend^¨ stock market products and other economically useful information. Comtex customers select CustomWires®content from key sources, which is further enhanced with stock tickers and an extended lexicon of relevant terms. With a specialization in the financial news and content marketplace, Comtex receives, enhances, combines and filters news and content received from national and international news bureaus, agencies and publications, and distributes more than one million total stories per day. Comtex also provides proprietary SmarTrend products to investors, including a daily stock market preview (Morning Call), selected stock newsletters throughout the market day, and its premier platform, SmarTrend (available via subscription at www.mysmartrend.com). Comtex has offices in New York City; Boston, MA; and Alexandria, VA.