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BtoB

AOL acquires Relegence

Published on .

Dulles, Va.—AOL announced Wednesday that it has acquired Relegence Corp., a New York-based financial news and information search technology company.

Financial terms were not disclosed.

Seven-year-old Relegence will operate as a wholly owned subsidiary of AOL. Its 60 employees will continue to be headquartered in New York, with offices in London and Tel Aviv.

AOL said the acquisition gives it more content for its publishing and content management platform.

"This acquisition is a perfectly timed enhancement and complement to our Web services strategy, where content management for Web publishing will be a critical component of delivering the best experience for our users," said Jim Bankoff, exec VP-consumer and publisher services at AOL, in a statement.

—Carol Krol

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