|Morningstar Renames LIM and Rebrands Products; Launches Cloud-Based Delivery of Commodity and Energy Market Data|
|CHICAGO, Nov. 1, 2011—Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced it has changed the name of Logical Information Machines, Inc. (LIM) to Morningstar Commodity Data, Inc. and rebranded its products under the Morningstar name. Morningstar acquired LIM in December 2009, adding energy, oil, gas, and commodities data and analytics to Morningstar’s lineup of global investment information offerings. In addition, Morningstar Commodity Data has launched a cloud-based solution for delivering its commodity and energy market data. |
“Morningstar Commodity Data provides commodity and energy market data, predictive analytics, and advanced data management solutions that help customers manage large sets of time-series data,” said Liz Kirscher, president of Morningstar’s data division. ”This offering complements our core data and software businesses. Renaming LIM and rebranding its products under the Morningstar name reflect our ability to offer our clients one source for comprehensive and timely data and analytics.”
Morningstar Commodity Data has also expanded its data hosting options to include the computational and storage power of cloud computing. This option provides clients around the world with greater access to Morningstar commodity data with faster processing time and easier implementation.
With the rebrand, the following product names have changed:
• XMIM is now Commodity Query
• MIMIC is now Commodity Charts
• LIM Add-In is now Commodity Add-In
• MIM is now Commodity DataServer
For more information about Morningstar commodity data, please visit www.morningstarcommodity.com.
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 products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 330,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 5 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has more than $167 billion in assets under advisement and management as of Sept. 30, 2011. The company has operations in 26 countries.
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