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IDEA Puts its Eggs In the Internet Basket

“We are an Internet company,” says Mike Gallagher of IDEAglobal.com, the new moniker for I.D.E.A., the global market analytics service provider. The company announced its name change in conjunction with the launch of several Internet-based offerings, including TimeMachine and www.IDEAfax.com, both of which serve as platforms for delivering real-time financial analysis.

In pursuit of its growth strategy, the company has hired Buford Smith, formerly of Reuters, as its new chief executive officer. Shandi Modi, founder of the holding company, will serve as chairman, and continue to oversee the strategic direction of the company. Operationally, Modi will manage the research division, as well as lead the Advisory Board.

“Under the guidance of Shandi and Buford, the company will be preparing for its impending public offering,” says an official, “Which should take place later this year.”

In a separate move, the company has announced that Chris Deuters, formerly the managing director of Lehman Brothers Europe until his retirement last summer, has joined the Advisory Board.

Gallagher, IDEA’s head of research, says IDEAglobal.com’s Web offerings enable users to access the entire range of the company’s online and fax-based services using just a PC and modem. “Users can access their personalised IDEAglobal.com analysis with complete mobility – not only at the office, but at home, on their laptop, or from a PC anywhere in the world,” he says.

TimeMachine covers research and forecasts on a range of financial markets, including FX, interest rates, bonds, money markets, emerging markets, among other areas, as well as InterMoney, a forecasting service designed for corporate treasurers, fund managers and private individuals.

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