McGraw-Hill to Purchase

Sep 23, 2010

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Capital IQ, a division of McGraw-Hill Standard & Poor's business unit, announced an agreement to acquire, a competitor in the financial data and analytics market. Financial terms were not disclosed for the transaction, although the Wall Street Journal reported that the transaction was conducted for $300 million based on unidentified sources.

Founded in 2000, provides investment research and workflow technologies to a wide variety of institutional investment businesses. According to the companies involved, the acquisition will allow Capital IQ to clients a greater breadth of financial data and analytics.