The Significance of QuoteMedia, Inc.’s (QMCI.OB) Recent Agreement with Penson Worldwide, Inc. (PNSN)
QuoteMedia, Inc. (QMCI.OB), a provider of market data and financial applications, announced in summer of last year that it has entered into an enterprise agreement with Penson Worldwide, Inc. (PNSN), a provider of flexible technology-based solutions to the investment industry. Previous to this agreement, QuoteMedia had a well established relationship with Penson, and was providing a wide array of services to Penson’s clients through its subsidiary, Nexa Technologies. However, the new agreement is expansive in its scope and in the degree of integration involved. To have a company like Penson, which has a well known reputation for technological superiority, choose…