Asset Management Firm Signs Three-Year Contract for Customized FirstRain Search Service
Foster City, Calif., November 13, 2006 – FirstRain®, a premium research service that provides targeted and relevant information to fuel clients’ insights, today announced that asset management firm Focused Investors has signed a three-year contract to use FirstRain Portfolio Manager Edition to obtain a deep and comprehensive view of their priority sectors. Using the FirstRain premium service, Focused Investors’ portfolio managers receive critical information needed to improve gains by making the right investment decisions at the right time.
“FirstRain continuously monitors sources of primary information that are important to companies in our portfolio that I may not otherwise see on a timely basis or did not know were available, including websites, blogs, subscription sources, and industry- and sector-specific sources worldwide,” said Michael Sandler, co-founder and portfolio manger at Focused Investors. “FirstRain makes my research process more efficient and delivers relevant information in one easy-to-use location.”
“Focused Investors is a great example of how innovative firms can gain a competitive edge through access to the right information,” said Penny Herscher, president and CEO of FirstRain. “Our deep research expertise and comprehensive vertical search service make FirstRain an indispensable tool for the investment industry, particularly when investment decisions need to be based on the qualitative ecosystem information surrounding a stock.”
FirstRain provides customized premium search services to financial services, pharmaceutical and high-tech professionals. Clients within the investment industry gain unique insight into the qualitative market performance of their investments through information acquired from open, subscription and hard-to-find Internet sources. The FirstRain service is customized for each client’s investment strategy to deliver highly valuable information when it is needed.
FirstRain is a premium research service that fuels clients’ insights by providing targeted and relevant information on companies and trends, each in their own unique market context. This highly relevant and timely information from across the web-including hard-to-find sources such as sector-specific sources, premium subscription sites, influential blogs and local and international news-enables FirstRain clients to make better business decisions more quickly, using fewer resources. FirstRain is a privately held company headquartered in Foster City, Calif., with additional offices in New York, NY, Boston, Mass., and Gurgaon and Mumbai, India. Contact FirstRain at firstrain.com.
About Focused Investors
Focused Investors is registered as an investment adviser with the U.S. Securities and Exchange Commission and is managed and controlled by Michael C. Sandler and Bruce G. Veaco. Prior to founding Focused Investors, Sandler and Veaco were senior principals of Pacific Financial Research, Inc., former adviser to Clipper Fund, Inc.
Ogilvy Public Relations