Bloomberg LP
 |
|
| Limited partnership | |
| Industry |
Financial services Mass media Technology |
| Founded | October 1, 1981 |
| Founder |
Michael Bloomberg Thomas Secunda Duncan MacMillan Charles Zegar |
| Headquarters |
Bloomberg Tower 731 Lexington Avenue, New York City, New York, United States |
|
Number of locations
|
192 offices |
|
Key people
|
Peter Grauer (Chairman) Michael Bloomberg (President & CEO) |
| Revenue |
 US$9 billion (2014) |
| Owner | Michael Bloomberg (88%) |
|
Number of employees
|
19,000 (2016) |
| Website | www |
Bloomberg L.P. is a privately held financial software, data, and media company headquartered in Midtown Manhattan, New York City. Bloomberg L.P. was founded by Michael Bloomberg in 1981 with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 30% ownership investment by Merrill Lynch.
Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal (via its Bloomberg Professional Service), its core revenue-generating product. Bloomberg L.P. also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), digital websites, a radio station (WBBR), subscription-only newsletters, and three magazines: Bloomberg Businessweek, Bloomberg Markets, and Bloomberg Pursuits. In 2014, Bloomberg L.P. launched Bloomberg Politics, a multiplatform media property that merged the company's political news teams, and has recruited two veteran political journalists, Mark Halperin and John Heilemann, to run it.
In 1981, Salomon Brothers was acquired, and Michael Bloomberg, a general partner, was given a $10 million partnership settlement. Bloomberg, having designed in-house computerized financial systems for Salomon, used his $10 million severance check to start Innovative Market Systems (IMS). Bloomberg developed and built his own computerized system to provide real-time market data, financial calculations and other financial analytics to Wall Street firms. In 1983, Merrill Lynch invested $30 million in IMS to help finance the development of "the Bloomberg" terminal computer system and by 1984, IMS was selling machines to all of Merrill Lynch's clients.
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Wikipedia