Reuters and Citigroup sign groundbreaking enterprise-wide contract
New York, NY – Reuters (LSE: RTR; NASDQ: RTRSY), the global information company, has agreed a multi-year enterprise-wide contract with Citigroup. Reuters will supply the unique mix of content, desktops and enterprise infrastructure unveiled in its Core Plus growth strategy announced in July.
Under the terms of the agreement, Citigroup will have access to a range of Reuters desktop products and services including Reuters 3000 Xtra, Reuters Trader, Reuters Knowledge, Reuters Wealth Manager, Reuters Plus and Reuters Messaging. Citigroup will also have access to Reuters latest enterprise offerings, which include Reuters Datafeed Direct, which connects organisations to trading venues such as exchanges at ultra-high speeds, and the Reuters Wireless Delivery System, which delivers Reuters information to BlackBerry® users.
Jon Robson, Global Head of Focus Group Account Sales at Reuters, said: “Reuters goal is to be the information company our customers value most. Citigroup and Reuters have worked together to identify innovative ways to match indispensable content, cutting edge trading services, open financial information technologies and great customer service to the specific needs of each business group. Our new Core Plus business approach is an effective way to increase value and deepen our business relationships with our largest clients.”
Tom Glocer, Chief Executive Officer, Reuters, commented: “We are delighted to have the opportunity to broaden our relationship with Citigroup and are committed to helping our largest customer extract maximum value from our products and services. In particular, we are pleased that Citigroup has decided to join our newest transactions networks, and use Reuters to attract trade flow. This new agreement validates our Core Plus strategy, and demonstrates that we are starting to deliver on it.”
Dan Terrasi, Managing Director in the technology division of Citigroup's Corporate and Investment Bank, stated: “Reuters is an important partner for an organization of Citigroup's size and scale because of the broad range of products and services they are capable of delivering. Their rich content set of data, analytics and transaction services provide great value to many businesses throughout Citigroup. Reuters also provides an open environment that makes it easy for us to integrate their content set into our applications and the desktop.”
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Contact:
Samantha Topping
Corporate Communications
Tel: +1 646 223 5223
Mob: +1 917 294 0329
samantha.topping@reuters.com
Miriam McKay
Corporate Communications
Tel: + 44 207 542 7057
Mob: + 44 7990 56 7057
Miriam.mckay@reuters.com
About Reuters
Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 89 countries, including staff from the acquisition of Telerate in June 2005. It also includes 2,300 editorial staff in 189 bureaux serving 128 countries, making Reuters the world's largest international multimedia news agency. In 2005, Reuters revenues were £2.4 billion.
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