Morningstar Inc. Acquires Tenfore Systems Limited

Dec 19, 2008

Morningstar, Inc., a provider of independent investment research, announced it has acquired Tenfore Systems Limited, a global provider of real-time market data and financial data workstations based in the United Kingdom, approximately $21.0 million, subject to post-closing adjustments. Tenfore collects data on global equities, commodities, derivatives, indexes, and foreign currencies from more than 160 sources and consolidates the data for real-time distribution to clients. The company also offers front-end software terminals that leverage the company’s market data, along with analytics and third-party application plug-ins. The Tenfore name will be rebranded under Morningstar.