Moody’s Acquires RiskFirst

moodysMoody’s Corporation (NYSE:MCO) acquired RiskFirst, a London, UK-based provider of risk analytic solutions for the asset management and pension fund communities.

The amount of the deal was not disclosed.

The acquisition positions Moody’s Analytics to extend its range of risk solutions to the institutional buy-side.

Led by Matthew Seymour, CEO, RiskFirst provides the PFaroe® platform, a risk solution for U.S. and U.K. defined benefit pension markets, supporting over 3,000 plans and more than $1.4 trillion in assets.
The company also offers innovative solutions for the institutional investment market, including endowments, foundations and asset managers.

Moody’s Corporation is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers software, advisory services and research for credit and economic analysis and financial risk management.
The corporation, which reported revenue of $4.4 billion in 2018, employs approximately 13,200 people worldwide and maintains a presence in 44 countries.
It expects the acquisition of RiskFirst to be accretive to earnings per share on a GAAP basis in 2022. On an adjusted EPS basis, which excludes purchase price amortization, the transaction is expected to be accretive in 2021.

RiskFirst generated £16.5 million of revenue in 2018.



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