MSCI Announces Sale of InvestorForce®
Jul. 30, 2018
NEW YORK--(BUSINESS WIRE)--Jul 30, 2018--MSCI Inc. (NYSE: MSCI), a leading provider of indexes and portfolio construction and risk management tools and services for global investors, announced today that it has entered into a definitive agreement to sell InvestorForce to Resurgens Technology Partners. Resurgens Technology Partners intends to merge InvestorForce with its portfolio company Investment Metrics, a leading provider of investment reporting and analytical solutions. The terms of the transaction, including the purchase price, were not disclosed. The transaction is expected to close within the next three months and is subject to customary closing conditions.
InvestorForce, a product line that was included within MSCI’s Analytics unit, provides performance measurement and reporting software to institutional investment consultants. Its integrated solution provides for daily monitoring, analysis and reporting on institutional multi-asset class portfolios. The transaction is not expected to have a material impact on MSCI’s results of operations.
Henry A. Fernandez, Chairman and Chief Executive Officer of MSCI, said, “The sale of InvestorForce will allow us to focus on our long-term strategy of helping global investors achieve their investment objectives and understand the drivers of performance and risk in their portfolios. We are pleased to have found a buyer that will complement the powerful suite of tools that InvestorForce brings to the investment community.”
Davis Polk & Wardwell LLP acted as legal advisers to 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 99 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
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, our full-year 2018 guidance. 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 our control and that could materially affect our 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, 2017 filed with the Securities and Exchange Commission (“SEC”) on February 26, 2018 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 our 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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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: MSCI Inc.
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PUB: 07/30/2018 08:30 AM/DISC: 07/30/2018 08:31 AM