M&A Deal Summary

Morningstar Acquires RightPond

On March 31, 2016, Morningstar acquired information services company RightPond

Acquisition Highlights
  • This is Morningstar’s 5th transaction in the Information Services sector.
  • This is Morningstar’s 10th transaction in the United States.
  • This is Morningstar’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-03-31
Target RightPond
Sector Information Services
Buyer(s) Morningstar
Deal Type Add-on Acquisition

Target

RightPond

Westport, Connecticut, United States
RightPond is a provider of business intelligence data and analytics on defined contribution and defined benefit plans for financial services firms. RightPond was formed in 2012 and is headquartered in Westport, Connecticut.

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Buyer(S) 1

Buyer

Morningstar

Chicago, Illinois, United States
Category Company
Founded 1984
Sector Information Services
Employees12,224
Revenue 2.0B USD (2023)
DESCRIPTION
Morningstar's corporate headquarters in downtown Chicago, Illinois.
Morningstar's corporate headquarters in downtown Chicago, Illinois.

Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. Morningstar offers products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar was formed in 1984 and is based in Chicago, Illinois.

DEAL STATS #
Overall 10 of 22
Sector (Information Services) 5 of 9
Type (Add-on Acquisition) 7 of 16
State (Connecticut) 1 of 1
Country (United States) 10 of 14
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Total Rebalance Expert

San Diego, California, United States

Total Rebalance Expert, Inc. (tRx) is a developer of software products which provides financial professionals with a tax-efficient and robust online software solution that offers advanced functionality to streamline the rebalancing process. Designed by an industry-leading CPA advisor, tRx automates the complexities involved in rebalancing portfolios, enabling advisors to save time, eliminate errors, and free them up to grow their firms and better serve their clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 InvestSoft Technology

Massachusetts, United States

InvestSoft Technology is a provider of fixed-income analytic to fixed-income securities and portfolios, primarily through its BondPro Fixed-Income Calculation Engine, which provides more than 130 analytic and accounting calculations.

Buy -
Mergr

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