AOL Snaps Up Financial News Company

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Today, AOL announced that it has purchased New York-based Relegence Corporation, a financial news and search company to help bolster its publishing and content management platform.

Relegence has been pushing global financial news and other information across multiple media platforms to paid subscribers since 1999. AOL believes Relegance will help them deliver more content as fast as possible to users. “This acquisition is a perfectly timed enhancement and complement to our web services strategy, where content management for web publishing will be a critical component of delivering the best experience for our users,” said Jim Bankoff, AOL LLC’s EVP of consumer and publishing services in a statement.

Relegence’s content delivery technology boils down more than 20,000 local, national, and international newswires, print, TV, government, corporate, and BBS content streams into easily digestible news feeds custom-tailored to a user or a user’s search term. Relegence also sorts through internal corporate news streams to help companies operate more efficiently.

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