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Institutional Investor Ranks Bloomberg Co-Founder Top Innovator

July 24, 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
. Clients and prospects can get more information on
Bloomberg’s financial products and services by visiting or contacting the heads of sales in
the following regions: Americas – Matthew Rees,, +1-212-617-2339; Asia Pacific – Grant
Coombe,, +65-6212-1809; or Europe – Mark
Flatman,, +44-20-7330-7882.

About Bloomberg

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

Media Contacts:

Global, Pam Snook,, +1-212-617-7653

EMEA, Natalie Harland,, +44-20-3525-8820

APAC, Belina Tan,, +65-6231-3637