Morningstar, a leading provider of independent investment research, has acquired Realpoint, a Nationally Recognized Statistical Ratings Organization (NRSRO) that specializes in structured finance. The purchase price consists of approximately $42 million in cash, subject to post-closing adjustments, and approximately 199,000 shares of restricted stock valued at approximately $10 million at the time the acquisition was announced March 19, 2010. Realpoint had revenue of approximately $12 million in 2009.
Realpoint currently offers securities ratings, research, surveillance services, and data to help institutional investors identify credit risk in commercial mortgage-backed securities. More than 225 institutional investment firms subscribe to Realpoint’s trusted ratings and analytics, including the majority of investment managers who invest in commercial mortgage-backed securities.
Realpoint has about 40 employees in Horsham, Pennsylvania, a suburb of Philadelphia. Realpoint will become a business unit within Morningstar’s Equity and Credit Research business. Over time, the company will be rebranded under Morningstar.
Location: USA, Horsham, PA
Sectors: Market Data
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