NEW YORK, N.Y., May 15, 2007 - Standard & Poor's, the foremost provider of financial market intelligence, today announced that it has completed the acquisition of ClariFI™, a leading provider of software and services focused on quantitative portfolio management and research. The acquisition adds portfolio analytics to Standard & Poor's Capital IQ, a leader in web-based professional financial information solutions, and furthers the strategy of providing Capital IQ clients with the highest quality data, analytics and tools that can streamline their workflows and improve decision making. Terms were not disclosed.
ClariFI helps quantitative portfolio managers and researchers decrease the time it takes to research, test, and act on their alpha generating investment strategies. Its open platform, ModelStation™, allows clients to integrate their existing datasets and analytical tools while consolidating the workflow within a single software application. ClariFI has a broad client base that includes four of the world's top five investment management firms, hedge funds of all sizes, and proprietary trading desks.
"We have been very successful in providing fundamental research solutions for financial firms, but our clients are increasingly looking for portfolio analytics," said D. Randall Winn, Standard & Poor's Managing Director with responsibility for Capital IQ and Compustat. "With ClariFI, we can address immediate client needs and target new opportunities to serve quantitatively oriented investment managers. Over time, as we integrate ClariFI's technology with Capital IQ, the combined offering will represent one of the most comprehensive and robust financial information and analytical platforms in the marketplace. Moreover, there is potential for further collaboration with other Standard & Poor's services such as Compustat which makes this transaction even more exciting."
"Standard & Poor's Capital IQ team is an ideal partner, with the brand, resources, and distribution capabilities to accelerate our growth. Our respective clients will benefit from the unique combination of data and analytics that will be available in ModelStation and through Capital IQ's web-based platform. Our products and teams are highly complementary and we value Capital IQ and Compustat's track record of success and innovation," said Gioel Molinari, Chief Executive Officer of ClariFI.
"This acquisition furthers S&P's mission to provide global markets with financial market intelligence across a range of asset classes. As importantly, it will immediately add to Capital IQ's ability to give our clients portfolio analytics," said Deven Sharma, Executive Vice President, Standard & Poor's.
ClariFI's team, including Gioel Molinari, co-founder, will remain in place as part of the acquisition and ClariFI's mission will be unchanged. ModelStation™ will remain an open platform allowing clients to optimize their workflow with any combination of proprietary or third party data sources, risk models, and optimization technologies they choose.
About Capital IQ and Standard &
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.
Capital IQ, a service of Standard & Poor's, provides high-impact information and workflow solutions to over 1,800 leading financial institutions, advisory firms, and corporations. Its solutions are based on the Capital IQ Platform, a unique combination of global private and public capital market data and technology that enables end-users to draw deep market insights, generate better ideas, leverage relationships, and simplify workflow. Clients can deploy the Capital IQ Platform either as a standalone solution or seamlessly integrate its components into existing business applications and portals via systems integration and data feeds. For more information, please visit Capital IQ's web site at www.capitaliq.com.
ClariFI provides software and services focused exclusively on helping quantitative portfolio managers and researchers decrease the time it takes to research, test, and put into production their alpha generating strategies, leading to reduced operational risk, decreased time-to-market, and a significant competitive advantage. Headquartered in Boca Raton, FL, ClariFI counts four of the top five largest investment managers in the world, hedge funds of all sizes, and proprietary trading desks at leading brokerage firms and banks as its clients. Additional information about ClariFI can be found at www.clarifi.com.
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