Summary:

Content syndicator ScreamingMedia has acquired the assets of Inlumen, a provider of content and technology services to the financial service…

Content syndicator ScreamingMedia has acquired the assets of Inlumen, a provider of content and technology services to the financial services industry, for $2.6 million in cash and stock. “Inlumen, originally known as NewsAlert before those assets were spun off in a sale two years ago, has deep contacts in the financial services vertical.”

In a separate announcement, the company has also changed its name to Pinnacor. “The name change represents the company’s efforts to reposition itself as it shifts from its roots as a content aggregator for external Web sites, and fortifies its position providing syndication products and applications to corporate intranets in the financial services industry. Financial services customers now represent about 70 percent of the company’s revenues.”

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By Rafat Ali

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