AOL announced Wednesday that it has snapped up search technology company Relegence, which specializes in finding financial news and information, CNET reports.

Relegence, a subscription-based service, aims to deliver relevant information to users’ desktops as soon as it’s published, regardless of the medium used. The notification and delivery technology draws from such sources as local and international newswires, television and cable networks, regulatory filings, Internet bulletin boards and Web sites and is designed to be integrated with internal streaming content..Privately held Relegence, which employs 60 people, will retain its headquarters in New York and operate as a wholly owned subsidiary of AOL.