Star Data secures multiyear agreement with Canaccord Capital
Star Data Systems Inc STY
Shares issued 16,798,437 Sep 27 close $3.30
Tue 28 Sept 99 News Release
Mr. Alan Hutton reports
Star Data Systems Inc. has secured an important multiyear agreement with
Canaccord Capital after its extensive review of competitive offerings. The
contract, worth more than $3.5-million, involves providing on-line, real
time stock quotation services to the company's 700 investment adviser
desktops.
Founded in 1950, Canaccord Capital is Canada's largest independent
investment firm, specializing in small to mid-capitalization companies, and
is recognized as a leader in the resource, technology and special situation
sectors. With offices in major Canadian centres and affiliated partners in
the United States, United Kingdom, France and Bermuda, Canaccord Capital
offers a full range of professional investment services, including
corporate finance, research, institutional equities, international trading
and private client services.
Canaccord selected Star Data Systems as part of its strategy to entrench
the company as Canada's foremost independent broker. "Canaccord was
attracted to Star Data's leading edge technology and particularly to the
flexibility of our new StarQuote PRO," said Star Data president Alan
Hutton. "Canaccord wanted access to real time North American stock trading
quotations and other information services in a format tailored to their
specific needs."
Canaccord also selected Star Data over several other competitors because of
Star Data's proven commitment to the Canadian marketplace. "Our two
companies enjoy a long-term relationship. Star Data is much more than a
vendor to us, they're an important business partner," said Canaccord
Capital's senior vice-president Peter Virvilis. "Star Data's responsiveness
and proven customer service were key factors in our decision to go with
their company."
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