Wiesenberger and UpTick Data Technologies Form Strategic Alliance

Solution Provider and Technology Innovator to Jointly Create

First-of-its-Kind Computer-Generated Mutual Fund Commentary Report



Apr 02, 2001, 01:00 ET from Wiesenberger, Thomson Financial

    ROCKVILLE, Md., April 2 /PRNewswire/ -- Wiesenberger, Thomson Financial,
 the leading provider of technology and information solutions to the financial
 services industry announced today that it has formed a strategic alliance with
 UpTick Data Technologies, a San Francisco, CA based firm, which specializes in
 analytics for the financial industry.
     The two companies will jointly create a new series of research reports,
 which will incorporate Wiesenberger's information and analytics with UpTick's
 technology to provide multi-page comprehensive reports on mutual funds. First
 of their kind, the profile reports will feature computer-generated commentary
 on each mutual fund's performance, risk and holdings. The three-facet textual
 commentary, to be updated monthly, will provide an unbiased technical analysis
 of each fund's variables in relation to its peer group, its benchmark and its
 own historical averages. The research reports will also include detailed
 information on each fund's returns, risk, MPT measures, operations, expenses,
 management and portfolio holdings, as well as hypothetical illustrations on
 assumed investments. Wiesenberger will distribute these reports to financial
 advisory firms, fund companies, financial portals and other institutions.
     "We are constantly striving to help financial institutions offer their
 advisors, investors and web site visitors with the most useful and
 sophisticated tools available in today's marketplace. Our new research reports
 will allow these institutions to present their clients with an all-
 encompassing report on any given mutual fund, accompanied with timely
 commentary on the three most critical aspects of a fund: performance, risk and
 portfolio holdings," Said Bill Chambers, president of Wiesenberger, Thomson
 Financial. "More notably, the interested institutions can private label the
 reports and present them in the form that best meet their objectives.
 Financial advisory firms can offer the reports to advisors as an enhanced
 research tool, while fund companies may opt to provide their investors or web
 site visitors with these reports as a value added service. They also can
 adjust the depth of the information displayed to commensurate with the type of
 audience at which it's targeted. In the end, each party will receive the
 necessary information they need to make more informed decisions," Adds
 Chambers.
     Commenting on how Wiesenberger intends to distribute the reports, Chambers
 said, "We have grown, and continue to grow, from a product-based company to a
 solution-based company. We partner with our clients to offer them the
 solutions that best fit their specific needs. We may offer the reports to
 clients as a separate feature and independent of our other solutions. We are
 also evaluating the option of integrating the reports as a premium addition to
 our advisory solutions and our product marketing solutions."
     Thomas Elliott, president of UpTick Data Technologies comments, "We are
 excited to partner with a company as established as Wiesenberger. Our alliance
 will help utilize our new technology coupled with Wiesenberger's solutions to
 provide the financial community with the highest possible value."
     Both companies disclosed that they are in further talks to explore more
 opportunities for joint work. No further details were provided.
 
     About Wiesenberger, a Thomson Financial company
     Wiesenberger, the country's first mutual fund tracking service, has
 provided mutual fund data to financial professionals for nearly 60 years. It
 is the leading provider of technology and information solutions to the
 financial industry, including financial advisory firms, fund houses and
 insurance companies. Wiesenberger is a division of Thomson Financial, a US $2
 billion provider of e-information and integrated work solutions to the
 worldwide financial community. Through the widest range of products and
 services in the industry, Thomson Financial helps clients in more than 70
 countries make better decisions, be more productive and achieve superior
 results.  Thomson Financial is part of The Thomson Corporation (Toronto: TOC),
 a leading global e-information and solutions business with annual revenues of
 more than US $5.9 billion. The Corporation's common shares are listed on the
 Toronto and London stock exchanges.  For more information on Thomson
 Financial, visit http://www.thomsonfinancial.com .
 
     About UpTick Data Technologies
     UpTick Data Technologies, a San Francisco, CA based firm, specializes in
 analytics for the financial industry. UpTick and its predecessor companies
 have been involved in the analysis and evaluation of financial information
 since the early 1970s. UpTick has developed technology and evaluation
 techniques that provide professional investors with state of the art tools for
 financial analysis of stocks, mutual funds and other financial instruments.
 Through a predecessor company, it was one of the first companies to offer
 sophisticated financial information over the Internet, earning recognition
 from Forbes magazine and the New York Times as one of the top three financial
 sites in 1997. Building on this success, UpTick has been developing evaluation
 techniques for mutual funds since the early 1990s.
 
     CONTACT:  Ramy Shaalan of Wiesenberger, Thomson Financial, 301-545-4397,
 or ramy.shaalan@tfn.com; or Thomas Elliott of UpTick Data Technologies,
 415-241-6504.
 
 

SOURCE Wiesenberger, Thomson Financial
    ROCKVILLE, Md., April 2 /PRNewswire/ -- Wiesenberger, Thomson Financial,
 the leading provider of technology and information solutions to the financial
 services industry announced today that it has formed a strategic alliance with
 UpTick Data Technologies, a San Francisco, CA based firm, which specializes in
 analytics for the financial industry.
     The two companies will jointly create a new series of research reports,
 which will incorporate Wiesenberger's information and analytics with UpTick's
 technology to provide multi-page comprehensive reports on mutual funds. First
 of their kind, the profile reports will feature computer-generated commentary
 on each mutual fund's performance, risk and holdings. The three-facet textual
 commentary, to be updated monthly, will provide an unbiased technical analysis
 of each fund's variables in relation to its peer group, its benchmark and its
 own historical averages. The research reports will also include detailed
 information on each fund's returns, risk, MPT measures, operations, expenses,
 management and portfolio holdings, as well as hypothetical illustrations on
 assumed investments. Wiesenberger will distribute these reports to financial
 advisory firms, fund companies, financial portals and other institutions.
     "We are constantly striving to help financial institutions offer their
 advisors, investors and web site visitors with the most useful and
 sophisticated tools available in today's marketplace. Our new research reports
 will allow these institutions to present their clients with an all-
 encompassing report on any given mutual fund, accompanied with timely
 commentary on the three most critical aspects of a fund: performance, risk and
 portfolio holdings," Said Bill Chambers, president of Wiesenberger, Thomson
 Financial. "More notably, the interested institutions can private label the
 reports and present them in the form that best meet their objectives.
 Financial advisory firms can offer the reports to advisors as an enhanced
 research tool, while fund companies may opt to provide their investors or web
 site visitors with these reports as a value added service. They also can
 adjust the depth of the information displayed to commensurate with the type of
 audience at which it's targeted. In the end, each party will receive the
 necessary information they need to make more informed decisions," Adds
 Chambers.
     Commenting on how Wiesenberger intends to distribute the reports, Chambers
 said, "We have grown, and continue to grow, from a product-based company to a
 solution-based company. We partner with our clients to offer them the
 solutions that best fit their specific needs. We may offer the reports to
 clients as a separate feature and independent of our other solutions. We are
 also evaluating the option of integrating the reports as a premium addition to
 our advisory solutions and our product marketing solutions."
     Thomas Elliott, president of UpTick Data Technologies comments, "We are
 excited to partner with a company as established as Wiesenberger. Our alliance
 will help utilize our new technology coupled with Wiesenberger's solutions to
 provide the financial community with the highest possible value."
     Both companies disclosed that they are in further talks to explore more
 opportunities for joint work. No further details were provided.
 
     About Wiesenberger, a Thomson Financial company
     Wiesenberger, the country's first mutual fund tracking service, has
 provided mutual fund data to financial professionals for nearly 60 years. It
 is the leading provider of technology and information solutions to the
 financial industry, including financial advisory firms, fund houses and
 insurance companies. Wiesenberger is a division of Thomson Financial, a US $2
 billion provider of e-information and integrated work solutions to the
 worldwide financial community. Through the widest range of products and
 services in the industry, Thomson Financial helps clients in more than 70
 countries make better decisions, be more productive and achieve superior
 results.  Thomson Financial is part of The Thomson Corporation (Toronto: TOC),
 a leading global e-information and solutions business with annual revenues of
 more than US $5.9 billion. The Corporation's common shares are listed on the
 Toronto and London stock exchanges.  For more information on Thomson
 Financial, visit http://www.thomsonfinancial.com .
 
     About UpTick Data Technologies
     UpTick Data Technologies, a San Francisco, CA based firm, specializes in
 analytics for the financial industry. UpTick and its predecessor companies
 have been involved in the analysis and evaluation of financial information
 since the early 1970s. UpTick has developed technology and evaluation
 techniques that provide professional investors with state of the art tools for
 financial analysis of stocks, mutual funds and other financial instruments.
 Through a predecessor company, it was one of the first companies to offer
 sophisticated financial information over the Internet, earning recognition
 from Forbes magazine and the New York Times as one of the top three financial
 sites in 1997. Building on this success, UpTick has been developing evaluation
 techniques for mutual funds since the early 1990s.
 
     CONTACT:  Ramy Shaalan of Wiesenberger, Thomson Financial, 301-545-4397,
 or ramy.shaalan@tfn.com; or Thomas Elliott of UpTick Data Technologies,
 415-241-6504.
 
 SOURCE  Wiesenberger, Thomson Financial