Moody’s acquires for $27 million

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New York—Moody’s Corp., the parent company of Moody’s Investors Service, has acquired, which provides economic, financial and industry research, for $27 million in cash.

Moody’s said the acquisition will deepen its analytical capabilities to broader areas of economic and demographic research, expand the range of products and services offered to institutional customers, and build its customer base.

The deal provides with access to Moody’s extensive client base and product marketing.

—Matthew Schwartz

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