Institutional Investor Ranks Bloomberg Co-Founder Top Innovator
II Calls Bloomberg’s Technology Infrastructure Second to None
July 24th, 2012
NEW YORK — Bloomberg LP and co-founder Tom Secunda are ranked number one in Institutional Investor’s Tech 50, a listing of the top leaders and innovators in financial technology, according to results announced today.
Institutional Investor (II) said Bloomberg, over the past 30 years, “has continuously scaled up technology development to match ever-increasing customer demand for market news and data, analytics and transaction services.” When faced with specialized client needs and no existing technology available in the marketplace, Bloomberg has invented its own. Today, II said, the underlying technology infrastructure for the Bloomberg Professional service (Bloomberg Terminal) is “second to none.” The service has more than 310,000 subscribers, “a number that only begins to measure the growth, scope and impact of one of the premier data and communications platforms serving the financial world,” II added.
Bloomberg and Secunda won the top spot for a long history of innovation and large-scale moves developed by its 3,000 technologists over the past year, including: Bloomberg NEXT, a multiyear effort to improve work flow and discoverability on the Bloomberg Professional service; the launch of Bloomberg Industries research platform, with contributions from 100 research professionals; and the acquisition of PolarLake, a provider of enterprise data management technology.
The article recognizes Bloomberg for providing low latency data feeds and enterprise solutions to its global customer base. “The same way that Bloomberg automated a lot of the activities in the front office, we think we can do that in the enterprise,” Secunda says in the article. “We should be able to produce something for the industry and sell it at a fraction of what it would cost one firm to build.”
The Tech 50 listing has been conducted annually since 2000 by II magazine, a leading global financial publication, to rank those who lead the financial services industry in technological achievement and innovation. II’s editors and staff, with nominations and input from industry participants and experts, determine the rankings in four key areas: career achievements and contributions, scope and complexity of responsibilities, influence and leadership inside and outside one’s organization, and pure technological innovation.
To see the full II story, go to www.bloomberg.com/pressroom/in- the-news/. Clients and prospects can get more information on Bloomberg’s financial products and services by visiting www.bloomberg.com/company or contacting the heads of sales in the following regions: Americas – Matthew Rees, firstname.lastname@example.org, +1-212-617-2339; Asia Pacific – Grant Coombe, email@example.com, +65-6212-1809; or Europe – Mark Flatman, firstname.lastname@example.org, +44-20-7330-7882.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately - is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.
Global, Pam Snook, email@example.com, +1-212-617-7653
EMEA, Natalie Harland, firstname.lastname@example.org, +44-20-3525-8820
APAC, Belina Tan, email@example.com, +65-6231-3637