Reuters Swallows Sailfish Systems

Reuters has bought the remaining two-thirds stake in risk management software specialist Sailfish Systems that it did not already own.

The information vendor has paid $2 million for the outstanding shares to Peter Davies, the founder and chief executive officer of the New York-based software house.

The acquisition won't immediately affect the company's staff, however: Davies and 23 other Sailfish staff will remain in place, says a Reuters spokesperson.

Reuters originally bought a one-third stake

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