AOL acquires Relegence
Time Warner’s AOL division has said in a statement that they are acquiring Relegence which specializes in financial news and information search technology.
Relegence is a privately held company which provides subscription services offering real-time notification and delivery of financial information on computers.
The company has around 60 employees in offices in New York, London and Tel Aviv.
AOL has not revealed the financial aspects of this deal but it is expected to help them expand their range of online services. The company is working hard on improving the online experience of their customers to gain more from advertising.
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