Comtex

Last updated
Comtex News Network, Inc.
Company type Public
Expert Market :  CMTX
Industry News, Internet, Financial Information Services
Founded1980;44 years ago (1980) (incorporated as Academic Micropublishing Company in New York) [1]
Headquarters New York City, United States
Key people
Kan Devnani (president and CEO)
ProductsCustom newswires, electronic news feeds, stock trend information, electronic newsletters
Website comtex.com

Comtex News Network, Inc. is a distributor of news on the Internet, specializing in the business and financial market sectors. [2] The company is a wholesaler of electronic real-time news and content gathered from thousands of sources, including national and international news bureaus, agencies and publications (including Business Wire, Dow Jones, McClatchy Information Services, PR Newswire and United Press International). Comtex enhances and standardizes the content received from such sources in order to provide editorially consistent and technically uniform products to its customers. Its processing includes adding stock ticker symbols, indexing by keyword and category and converting diverse publisher materials and formats into the industry standard delivery format NewsML, an XML derivative.

Contents

Product areas

The company's product lines include CustomWires, subject-specific newswires including energy, finance, international and public company information; Comtex TopNews, comprising several categories of editorially selected news stories of the day; Publisher Full Feeds, which are deliveries from specific publishers providing their content offerings; and SmarTrend, based on proprietary time-series pattern recognition analysis. [3] Comtex clients include information distributors such as MarketWatch, Factiva, Bloomberg, and Reuters, websites, corporate intranets and market data applications.

History

Comtex was incorporated in New York in 1980 [4] and operated under the name Academic Micropublishing Company, Inc. until 1981, when the name was changed to Comtex Scientific Corporation. From 1989 until 1991 Infotechnology ("Infotech"), a Delaware business development corporation, then principally engaged in the information and communications business, acquired majority ownership of Comtex. [5] From 1991 until 2006 AMASYS Corporation, a successor in interests to Infotech, held a majority ownership position, via a combination of stock and debt. In 2006 Comtex repaid all of its outstanding long-term debt and AMASYS sold all its shares. [6] In late 1999 Comtex changed its name to Comtex News Network, Inc. [7]

In 2004 Chip Brian joined Comtex as VP, Operations and was named President in 2005 and CEO in 2006. [3] A new management team was charged with the reducing debt, strengthening the company's financial base and diversifying product lines.

Business structure

Consistent with standard practice in the information aggregation industry, Comtex generally has renewable long-term contractual relationships with those information providers and information distributors with which it does business. Comtex generates revenues primarily from charges to distributors for the licensing of enhanced content, including CustomWires, TopNews products and publishers' full feeds. Royalties are based upon the customers' business and revenue models such that success in their chosen markets generates increasing revenues for Comtex. Fees and royalties from information distributors comprise the majority of Comtex's revenue. Comtex operates and reports in one segment, business information services. [8]

Related Research Articles

<span class="mw-page-title-main">Dow Jones & Company</span> American publishing and financial information company

Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour.

PR Newswire is a distributor of press releases headquartered in Chicago. The service was created in 1954 to allow companies to electronically send press releases to news organizations, using teleprinters at first. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company. On January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as a legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the Asia-Pacific regions.

<span class="mw-page-title-main">International Data Group</span> Publishing company

International Data Group is a market intelligence and demand generation company focused on the technology industry. IDG, Inc.'s mission is centered around supporting the technology industry through research, data, marketing technology, and insights that help create and sustain relationships between businesses.

<span class="mw-page-title-main">4Kids Entertainment</span> Former American licensing company

4Kids Entertainment, Inc. was an American licensing company. The company was previously also a film and television production company that produced English-dubbed Japanese anime through its subsidiary 4Kids Productions between 1992 and 2012; it specialized in the acquisition, production and licensing of children's entertainment around the United States. The first anime that 4Kids Productions dubbed was the first eight seasons of Pokémon that originally began airing in first run syndication, and then it later moved to exclusively air on Kids' WB! in the United States. The company is most well known for its range of television licenses, which has included the multibillion-dollar Pokémon and Yu-Gi-Oh! Japanese anime franchises. They also ran two program blocks: Toonzai on The CW, and 4Kids TV on Fox, both aimed at children. The 4KidsTV block ended on December 27, 2008, while its Toonzai block ended on August 18, 2012, which was replaced by Saban's Vortexx, which in itself was succeeded by the One Magnificent Morning block by Litton Entertainment in 2014.

<span class="mw-page-title-main">Fiserv</span> Provider of financial services technology to banks

Fiserv, Inc. is an American multinational company headquartered in Milwaukee, Wisconsin, that provides financial technology and services to clients across the financial services sector, including banks, thrifts, credit unions, securities broker dealers, mortgage, insurance, leasing and finance companies, and retailers.

TheStreet is a financial news and financial literacy website. It is a subsidiary of The Arena Group. The company provides both free content and subscription services such as Action Alerts Plus, a stock recommendation portfolio co-managed by Bob Lang and Chris Versace. TheStreet was founded by Marty Peretz and Jim Cramer, and the site boasts numerous notable former contributors, including Aaron Task, Herb Greenberg, and Brett Arends.

Bausch Health Companies Inc. is an American-Canadian multinational specialty pharmaceutical company based in Laval, Quebec, Canada. It develops, manufactures and markets pharmaceutical products and branded generic drugs, primarily for skin diseases, gastrointestinal disorders, eye health and neurology. Bausch Health owns Bausch & Lomb, a supplier of eye health products. Bausch Health's business model is primarily focused on acquiring small pharmaceutical companies and then sharply increasing the prices of the drugs these companies sell.

<span class="mw-page-title-main">Sysco</span> American distribution company

Sysco Corporation is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice. The company is headquartered in the Energy Corridor district of Houston, Texas. Sysco is the world's largest broadline food distributor; it has more than 600,000 clients in a wide array of fields. Management consulting is also an integral part of their services. The company operates approximately 330 distribution facilities worldwide; providing service to over 90 countries.

Innovate Corp. is an American public financial services company founded in 1994.

<span class="mw-page-title-main">Nu Skin Enterprises</span> American multi-level marketing company

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements. Under the Nu Skin and Pharmanex brands, the company sells its products in 54 markets through a network of approximately 1.2 million independent distributors.

<span class="mw-page-title-main">Sierra Wireless</span> Canadian wireless communications company

Sierra Wireless is a Canadian multinational wireless communications equipment designer, manufacturer and services provider headquartered in Richmond, British Columbia, Canada. It also maintains offices and operations in the United States, Korea, Japan, Taiwan, India, France, Australia and New Zealand.

<span class="mw-page-title-main">Airspan Networks</span> American telecommunications company

Airspan Networks is an American telecommunications company headquartered in Boca Raton, Florida. The company develops Radio Access Network technology including the Sprint 'Magic Box' and cells for the Rakuten virtualized network.

Laboratory Corporation of America Holdings, more commonly known as Labcorp, is an American healthcare company headquartered in Burlington, North Carolina. It operates one of the largest clinical laboratory networks in the world, with a United States network of 36 primary laboratories. Before a merger with National Health Laboratory in 1995, the company operated under the name Roche BioMedical. Labcorp performs its largest volume of specialty testing at its Center for Esoteric Testing in Burlington, North Carolina, where the company is headquartered. As of 2018, Labcorp processes 2.5 million lab tests weekly.

<span class="mw-page-title-main">Haynes International</span> Producer of corrosion-resistant and high-temperature alloys

Haynes International, Inc., headquartered in Kokomo, Indiana, is one of the largest producers of corrosion-resistant and high-temperature alloys. In addition to Kokomo, Haynes has manufacturing facilities in Arcadia, Louisiana, Laporte, Indiana, and Mountain Home, North Carolina. The Kokomo facility specializes in flat products, the Arcadia facility in tubular products, and the Mountain Home facility in wire products. In fiscal year 2018, the company's revenues were derived from the aerospace (52.1%), chemical processing (18.2%), industrial gas turbine (12.0%) and other (12.3%) industries. The company's alloys are primarily marketed under the Hastelloy and the Haynes brands. They are based on nickel, but also include cobalt, chromium, molybdenum, tungsten, iron, silicon, manganese, carbon, aluminum, and/or titanium.

<span class="mw-page-title-main">Chip Brian</span> American businessman

Earl W. "Chip" Brian III is an American financial services, information technology and construction entrepreneur, based in Long Island City.

SPX Corporation is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetection, and Pearpoint. SPX operates in 17 countries with a sales presence in 100 countries, and over 6,000 employees worldwide. In 2019, the company earned approximately $1.5 billion in annual revenue.

Mood Media Corporation is an international in-store provider of music, digital signage, hold music, on-hold messaging, scent, integrated audio/video, and interactive mobile marketing products. It was founded in 2004, and is based in Austin, Texas. The company provides services to a variety of retailers and other business verticals such as restaurant, financial, healthcare, hospitality and QSR. Mood Media Corporation has expanded its product offerings through acquisitions of Somerset Entertainment in Canada, BIS Group in Europe, and Trusonic, AEI Music Network Inc., Muzak, DMX, Technomedia, and GoConvergence in the United States.

<span class="mw-page-title-main">US Foods</span> American foodservice distributor

US Foods Holding Corp. is an American food service distributor founded in 1989. With approximately $24 billion in annual revenue, US Foods was the 10th largest private company in the US until its IPO. Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s gold rush. US Foods offers more than 350,000 national brand products and its own "exclusive brand" items, ranging from fresh meats and produce to prepackaged and frozen foods. The company employs approximately 25,200 people in more than 60 locations nationwide, and provides food and related products to more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company is headquartered in Rosemont, Illinois, and is a publicly traded company trading under the ticker symbol USFD on the New York Stock Exchange.

<span class="mw-page-title-main">ViSalus</span> American multi-level marketing company

Vi is an American multilevel marketing (MLM) company based in Los Angeles, California, with offices in downtown Detroit, Michigan. The company is mostly known for the Body by Vi 90-Day Challenge platform. The company markets weight management nutritional products, dietary supplements and energy drinks in the United States, Canada, Italy and United Kingdom. Weight management products, including Vi-Shape meal replacement shake and Vi-Trim Clear Control Drink Mix, form the bulk of the company's sales.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas and Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

References

  1. Comtex News Network-SEC Annual Report on Form 10-K405 for the year ended June 30, 1996
  2. "COMTEX News Network, Inc. (CMTX) Company Profile & Facts - Yahoo Finance". finance.yahoo.com. Retrieved 2023-12-26.
  3. 1 2 Pulizzi, Joe. "Digital Content News for Content Creators & Entrepreneurs". The Tilt. Retrieved 2023-12-26.
  4. "COMTEX News Network, Inc. (CMTX) Company Information". Simply Wall St. Retrieved 2023-12-26.
  5. Comtex History
  6. "t60542_10ksb.htm". www.sec.gov. Retrieved 2023-12-26.
  7. "COMTEX Changes Name to COMTEX News Network". www.infotoday.com. Retrieved 2023-12-26.
  8. "t60542_10ksb.htm". www.sec.gov. Retrieved 2023-12-26.