Lire ce communiqué de presse en françaisCHICAGO/PARIS, July 1, 2010—Morningstar France Holding, a subsidiary of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, has completed its previously announced acquisition of Seeds Group, a leading provider of investment consulting services and fund research in France. Terms were not disclosed.
Seeds Group was founded in 2002 and, through its subsidiary Seeds Finance, provides investment consulting services to pension funds, insurance companies, asset managers, banks, and brokerage firms. In addition to investment consulting, Seeds Group also operates Multiratings.com, a fund research and investment education website for advisor groups and institutions.
Seeds Group and its affiliates have 12 employees based in Paris. The company will become a subsidiary of Morningstar France.
The press release announcing Morningstar’s plan to acquire Seeds Group is available at http://global.morningstar.com/seeds.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 350,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 21 countries and a minority ownership position in a company based in one other country.
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