Knowledge Technology Solutions secures new order for ktsQuoteTerminal from Morley Fund Management

23/01/2003

Knowledge Technology Solutions PLC (AIM:KTS) has secured an order for its ktsQuoteTerminal live financial news and data product from Morley Fund Management, the UK-based global asset management arm of financial services giant Aviva plc.

Morley has signed contracts for a number of ktsQuoteTerminal licences. The company employs around 1,000 staff in its offices in London, Singapore, Tokyo and an associate office in Boston. Therefore, there is the potential for it to subscribe to additional ktsQuoteTerminal licences in due course.

ktsQuoteTerminal is a live financial information product aimed at finance professionals in the UK which offers premium news, data and analysis from well-known providers such as Standard & Poor's, Dow Jones Newswires, RNS and AFX News. Launched mid 2002, ktsQuoteTerminal has seen a growing number of new customers subscribing for licences each month.

Jacqueline Johnson, Market Data Manager of Morley Fund Management, said:

'ktsQuoteTerminal fulfils our requirements for a UK market data system and provides all the functionality we need. In these cost-conscious times value for money is as important as high resilience and excellent functionality.'

Commenting on the sale, Dr Marc Pinter-Krainer, Chief Executive of KTS, said:

'City institutions of all sizes are currently reviewing their market data services and looking to benefit from advanced technologies which have emerged in the past couple of years, whilst cutting market data costs. This revolution continues to play to ktsQuoteTerminal's strengths, and we are pleased to welcome Morley Fund Management as our latest ktsQuoteTerminal client.'