Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced it has acquired M&A client, Tenfore Systems Limited, a global provider of real–time market data and financial data workstations based in the United Kingdom, for 13.5 million pounds sterling in cash, or approximately U.S.$21.0 million, subject to post–closing adjustments. Tenfore collects data on global equities, commodities, derivatives, indexes, and foreign currencies from more than 160 sources and consolidates the data for real–time distribution to clients. The company also offers front–end software terminals that leverage the company’s market data, along with analytics and third–party application plug–ins. Key benefits of…
Dec 17, 2008
Morningstar, Inc. Acquires Tenfore Systems Limited
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