Acquisition Strengthens MSCI’s Data Delivery
and Services Capabilities
MSCI Inc. (NYSE:MSCI), a leading provider of research-based
indexes and analytics, announced today that it has entered into a
definitive agreement to acquire all of the assets of Insignis,
Inc., a leading data collection and aggregation service for the
financial industry.
Insignis provides daily automated collection, aggregation and
management of financial data, including data on positions,
transactions and complex instruments such as exchange-traded
futures and options, OTC swaps and foreign exchange spot and
forward contracts. Insignis’ data footprint today covers 35
custodians, 15 futures brokers and 20 OTC managers with over $2
trillion in market value.
MSCI currently leverages Insignis’ technology in its
InvestorForce product line and plans to expand its use to further
automate the collection and integration of data across its risk and
performance management platforms, which serve over 1,200 clients
globally.
Peter Zangari, Managing Director and Global Head of Analytics
for MSCI, said, “Asset owners,
consultants, asset managers, banks and hedge funds around the world
count on the quality of the data that powers our indexes and
analytical tools. This acquisition further strengthens our
industry-leading position in analytics and demonstrates our
commitment to providing a superior end-to-end solution for
clients.”
Jim Morrissey, Managing Director, MSCI, said, “Clients are
looking to MSCI to help them address the ever-growing challenges of
collecting, normalizing and reconciling complex data for
performance and risk reporting. This acquisition is an example of
how we are focused on improving the entire data value chain for
clients - from data aggregation to delivery of accurate, high
quality analytics.”
Financial terms of the transaction were not disclosed and the
transaction is not expected to have a material impact on MSCI’s
financial results. Following completion of the acquisition,
revenues attributable to Insignis will be included in MSCI’s
Analytics products category. The transaction is expected to close
in the fourth quarter, subject to customary closing conditions.
About MSCI
For more than 40 years, MSCI’s research-based indexes and
analytics have helped the world’s leading investors build and
manage better portfolios. Clients rely on our offerings for deeper
insights into the drivers of performance and risk in their
portfolios, broad asset class coverage and innovative research.
Our line of products and services includes indexes, analytical
models, data, real estate benchmarks and ESG research.
MSCI serves 98 of the top 100 largest money managers, according
to the most recent P&I ranking.
For more information, visit us at www.msci.com. MSCI#IR
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements relate to future events or to future
financial performance and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance,
or achievements expressed or implied by these forward-looking
statements. In some cases, you can identify forward-looking
statements by the use of words such as "may," "could," "expect,"
"intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue," or the negative of these
terms or other comparable terminology. You should not place undue
reliance on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond our control and that could materially affect
actual results, levels of activity, performance, or
achievements.
Other factors that could materially affect actual results,
levels of activity, performance or achievements can be found in
MSCI's Annual Report on Form 10-K for the fiscal year ended
December 31, 2014 filed with the Securities and Exchange Commission
("SEC") on February 27, 2015, as amended, and in quarterly reports
on Form 10-Q and current reports on Form 8-K filed with the SEC,
and may also include the risks and uncertainties associated with a
failure to consummate or a delay in the consummation of the
proposed transaction, including as a result of a failure to satisfy
the conditions to closing in a timely manner or at all. If any of
these risks or uncertainties materialize, or if our underlying
assumptions prove to be incorrect, actual results may vary
significantly from what MSCI projected. Any forward-looking
statement in this release reflects MSCI's current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to MSCI's operations,
results of operations, growth strategy and liquidity. MSCI assumes
no obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise, except as required by law.
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Investor RelationsMSCIStephen Davidson,
+1-212-981-1090stephen.davidson@msci.comorMedia
InquiriesNew YorkMSCIKristin Meza,
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Griffin, +44-20-7618-2594paul.griffin@msci.comorMHP
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