Magazine article Information Today

Primark Acquires Directus from BARRA

Magazine article Information Today

Primark Acquires Directus from BARRA

Article excerpt

Primark Corp. has announced that it has acquired substantially all of the assets of Directus, Ltd., the U.K. directors' trading data business and a subsidiary of BARRA, Inc. The purchase price was not disclosed.

Directus covers more than 10 years of U.K. directors' legal insider trading data, encompassing more than 250,000 transactions by nearly 20,000 insiders in companies listed on the London Stock Exchange. The data is delivered to institutional and individual investors in a variety of formats, including the Internet.

Joseph E. Kasputys, Primark's chairman and CEO, said: "The acquisition of Directus provides us with a valuable U.K. insider database, complementing our existing U.S. and Asia insider product lines. Using the advanced technology and analytics of ScoreLab, our insider information subsidiary, we will convert this key U.K. investment data into actionable information for Internet and wireless delivery. This will include calculating historical returns of individual U.K. directors to identify those who have exhibited the best timing in their trades, along with timely alerts on each new trade that is executed."

"Directus is an excellent fit with our existing U.S. …

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