- IDI (IDI -1%) says in a business update that it has discontinued its China ad services business, in order to focus on "growth within the data fusion market."
- That means attention to the $13.6B risk management and marketing industries, it says.
- "Focusing all of our strategic efforts and resources on our information solutions business allows the company to continue its advancement within the high-growth data-fusion market with a clean balance sheet and strong financial position," says co-CEO Derek Dubner.
- The company also named Aaron Solomon interim CFO of U.S. Data Fusion Operations, and named its former CFO Jacky Wang as chief accounting officer.