MSCI Expands Custom Index Offering With Acquisition of Foxberry
07 Fevereiro 2024 - 10:00AM
Business Wire
MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical
decision support tools and services for the global investment
community, today announced it has signed a purchase agreement to
acquire Foxberry, a London-based provider of front-office index
technology for investors.
Foxberry was founded in 2014 with the mission of building and
delivering investment solutions that are driven by technology,
account for a specific set of criteria, and increase the value-add
for end-users. These solutions are enabled by Foxberry’s foxf9®
platform, a comprehensive index and analytics platform designed to
tackle the most complex index construction and risk-modelling
applications. The platform focuses on index and strategy creation
through hyper customization, extensive back-testing and simulation
capabilities, sustainability criteria, and reporting.
The strategic integration of Foxberry and the foxf9® indexing
and analytics toolset will strengthen MSCI’s existing suite of
index customization solutions. By providing a new client-centric,
interactive experience, MSCI will further scale its ability to
deliver client ideation through simulation and analysis and
introduce new features relevant for a wide variety of
investors.
“Investors face the challenge of balancing competing investment
objectives. This acquisition will allow MSCI to better meet demand
for customized portfolios that reflect unique views and meet
specific outcomes, emphasizing our commitment to providing tailored
index solutions,” said Jana Haines, Head of Index, MSCI.
“The merger of Foxberry with MSCI will greatly improve the
feedback loops for our clients within all areas relating to index
R&D,” said Henrik Brunlid, Co-founder and CEO, Foxberry.
“We are truly excited to join MSCI for the next part of our journey
in building the next generation of indexing technology.”
“Foxberry built its foxf9® technology to enable indexing hyper
customization. Together with MSCI, a world leader in indexing, we
look forward to strengthening and scaling index innovation,
leveraging MSCI’s world class data and optimizers,” added Peter
Fors, Co-founder and CTO, Foxberry.
The terms of the transaction were not disclosed, and the
financial impact of the transaction is not expected to be material
to MSCI. The transaction is expected to close in the second quarter
of 2024, subject to regulatory approvals and customary closing
conditions. Foxberry’s financial results will be presented as part
of MSCI’s Index reportable segment.
About MSCI Inc.
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 50
years of expertise in research, data, and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process. To learn more, please
visit www.msci.com. MSCI#IR
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including without limitation, statements relating to the
planned acquisition and prospects for the newly acquired business.
These forward-looking 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 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
MSCI’s 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, 2022 filed with the Securities and Exchange Commission
(“SEC”) on February 10, 2023 and in quarterly reports on Form 10-Q
and current reports on Form 8-K filed or furnished with the SEC. If
any of these risks or uncertainties materialize, or if MSCI’s
underlying assumptions prove to be incorrect, actual results may
vary significantly from what MSCI projected. Any forward-looking
statement in this press 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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