Bloomberg developed and built his own computerized system to provide real-time market data, financial calculations and other financial analytics to Wall Street firms. Bloomberg, having designed in-house computerized financial systems for Salomon, used his $10 million partnership buyout to start Innovative Market Systems (IMS). In 1981, Salomon Brothers was acquired, and Michael Bloomberg, a general partner, was given a $10 million partnership settlement. History Bloomberg Terminal at London City Airport The company has 176 locations and nearly 20,000 employees. also includes a news agency ( Bloomberg News), a global television network ( Bloomberg Television), websites, radio stations ( Bloomberg Radio), subscription-only newsletters, and two magazines: Bloomberg Businessweek and Bloomberg Markets. provides financial software tools and enterprise applications such as 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. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Bank of America through their brokerage subsidiary Merrill Lynch. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
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