HONG KONG 22 April, 2009— Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced it has acquired the global financial filings database business of Global Reports LLC, a leading provider of online financial and Corporate and Social Responsibility (CSR) reports for publicly traded companies around the world. Financial terms were not disclosed.
“One of our growth strategies is to create a premier global investment database, and our acquisition of the Global Reports business advances our goal of having the most comprehensive information for public companies,” said Liz Kirscher, president of data services for Morningstar. “We currently provide data for 24,000 stocks worldwide. With our recent acquisition of 10-K Wizard, a leading provider of SEC EDGAR filing research and alert services for U.S. companies, and our acquisition of the Global Reports business, we’ll have broader global coverage and more in-depth historical information that investors, advisors, and institutions need to make more informed decisions. Instead of spending hours surfing the Internet, our clients will now have a single source for global regulatory and financial filings, real-time alerts when new reports are filed, and full-text search functionality.”
Founded in 1999 in Kensington, Md., Global Reports provides timely online access to full-color financial filings from more than 37,000 publicly traded companies in approximately 130 countries. Global Reports offers more than 500,000 current and historical filings and reports, such as annual and interim reports, initial public offerings, and CSR reports, in their native languages and in English when available. Most filings and reports become available the same day they are issued by public companies. Subscribers can search filings confidentially according to company name, country, exchange, index, report type, or report year. In addition, the Global Reports database also allows full-text searches across company filings for in-depth research.
