The recession has had an impact on every vertical, especially the financial sector and Toronto-based Stockhouse has also felt the pain as the company has announced they have signed an agreement with an investment group who willl purchase key assets from the private labeled financial content and software solutions company. The investment company has agreed to purchase media business assets and related trademarks for $728,00, a 5 year technology agreement with a value $2,158,000, to supply its financial software, tools and content to the media business and 4.5 year sub-lease agreement for office space with a value of $242,000.
Stockhouse CEO, Marcus New has said the company will continue to look for additional ways to reduce its balance sheet after what has been “very challenging for the advertising industry and online publishers.”
Founder of Profectio of business sites which includes 
