Archive for Tag: Sell-side Acquisition

Today Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced it has entered into a definitive agreement to acquire our client  Logical Information Machines, Inc. (LIM), a leading provider of data and analytics for the energy, financial, and agriculture sectors, for $51.5 million, subject to post-closing adjustments. LIM had revenue of approximately $20 million for the last 12 months. The companies expect to complete the transaction this month, subject to customary closing conditions, which include approval by LIM’s shareholders. LIM is a pioneer in providing market pricing data, securities reference data, historical event data, predictive analytics, and advanced…

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Today we announced that our client NYSE Euronext has signed an agreement to sell Hugin Group to Thomson Reuters. As part of the agreement, Thomson Reuters and NYSE Euronext will expand their strategic partnership toward offering value-added services to the issuer community. Based in Oslo, Norway, with offices in Paris, France, and Leipzig, Germany, Hugin has built its position as the leading pan-European provider of investor relations and press distribution services. Currently, Hugin helps over 1,700 companies in Europe to meet their communications and disclosure obligations. In recent years, Hugin has introduced solutions for the newly implemented EU regulatory framework and continues…

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Today we announced that Thomson Reuters has acquired our client, Vhayu Technologies. Vhayu, based in Los Gatos, CA, is a leading provider of high–speed data analysis solutions. The terms of the deal for privately–held Vhayu were undisclosed. Vhayu is the leading provider of enterprise tick data solutions with over 70 customers worldwide. Through its patented Velocity and Squeezer technologies, Vhayu combines software and hardware to provide significant competitive advantages by enabling faster and smarter trading decisions for financial firms concerned with the processing and storage of market data. Marlin & Associates helped manage the process, assisted in the negotiations and…

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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…

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