One of these was the Financial Services group, which collected and consolidated financial data from myriad data feeds, including Compu Stat, Disclosure, I/B/E/S as well as the price/quote feeds from the major exchanges.Compu Serve developed extensive screening and reporting tools that were used by many investment banks on Wall Street.A complex deal was worked out with World Com acting as a broker, resulting in CIS being sold to AOL.
Wilkins replaced Goltz as CEO within the first year of operation.
In 1978, Radio Shack marketed the residential information service Micro NET, in which home users accessed the computers during evening hours, when the Compu Serve computers were otherwise idle.
Its success prompted Compu Serve to drop the Micro NET name in favor of its own.
Compu Serve was founded in 1969 as Compu-Serv Network, Inc.
(the earliest advertising shows the name with initial caps) in Columbus, Ohio, as a subsidiary of Golden United Life Insurance. Goltz and Wilkins were both graduate students in electrical engineering at the University of Arizona.