SAN FRANCISCO-MarketWatch.com Inc. announced it purchased news and information provider Pinnacor Inc. for about $103 million. Pinnacor, formerly known as ScreamingMedia, offers a range of wireless news and information updates and counts Tribune Media Services, Virgin Mobile and Verizon Wireless among its customers.
MarketWatch.com said the move will enhance its presence as a provider of premium-branded news, tools and charting capabilities by incorporating Pinnacor’s broad set of financial applications and extensive customization capabilities.
“This is a terrific combination,” said Larry Kramer, MarketWatch.com’s chairman and chief executive officer. “It will enable us to rapidly increase our capability to bring new and exciting products to market.”
