June 17, 2013 — Utah-based Innovative Market Analysis acquired the award-winning MetaStock technical analysis software line from Thomson Reuters effective May 3, 2013.
Innovative Market Analysis was created by current MetaStock President Scott Brown.
“We are very excited Thomson Reuters allowed us the opportunity to purchase MetaStock,” said Mr. Brown, owner and CEO of Innovative Market Analysis. “MetaStock has been helping traders incorporate technical analysis into their trading decisions, allowing them to make logical, well thought out trading decisions for over 30 years. This combined with the fact that MetaStock has won numerous awards over the past three decades within the technical analysis software industry has made this acquisition an easy decision.”
Innovative Market Analysis will continue selling the award-winning MetaStock and MetaStock Pro charting software packages to self-directed traders worldwide. Day-to-day business and services Innovative Marketing Analysis offers its clients will remain the same including support, programming, and developing the software as well as management of customer accounts.
“The biggest winners in Innovative Market Analysis’ acquisition of MetaStock are our customers,” said Scott Brown. “We have more programmers focused on improving the MetaStock product and capabilities of MetaStock now, than ever before. In addition, our staff remains very much the same. The average employee has been with the company for at least ten years. We are very excited to capitalize on the opportunities available to us.”
Innovative Market Analysis and Thomson Reuters will continue to work together and the DataLink and XENITH data feeds will continue to power MetaStock and MetaStock Pro. On the institutional side, Thomson Reuters clients will still use MetaStock Pro functionality in its flagship desktop Thomson Reuters Eikon.