Wednesday, November 01, 2006

RiskMetrics Group Acquires ISS

RiskMetrics Group, the leading financial risk management firm announced it will acquire Institutional Shareholder Services, Inc. ISS is the world's leading provider of proxy voting and corporate governance solutions to the institutional marketplace. The merger reflects the broader vision of both companies to expand beyond their core businesses of financial risk management and corporate governance to offer a broad range of data, analytics and advice to investors.
Combined, RiskMetrics Group and ISS will generate over $200 million in revenue per year with approximately 900 employees across 23 offices serving over 2400 clients worldwide. Spun-out of JP Morgan in September of 1998, RiskMetrics Group is the leading provider of financial risk analytics to banks, central banks, hedge funds, asset managers, pension funds and corporations.

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