• Magdalena Gołębiewska

Moody's acquires RiskFirs (don't know for how much)

Moody's Corporation is positioning to enter the institutional buy-side market with the acquisition of the UK's RiskFirst, a provider of risk analytics technology for asset managers and pension funds.


RiskFirst’s initial product, PFaroe DB, was launched in 2009 and is used within the defined benefit (DB) pension industry to improve the management of asset and liability risk. The company claims that near to 3,000 pension plans, with over $1 trillion of assets, are now modeled on the product.

“RiskFirst sits at the heart of the buy-side and asset owner ecosystem and is known for its specialised expertise and high-quality products,”

says Mark Almeida, president of Moody’s Analytics.

“Adding RiskFirst’s platform to Moody’s Analytics’ product offering creates significant opportunities for growth and demonstrates our commitment to extend our reach and capabilities to the buy-side and asset owner community.”

RiskFirst generated £16.5 million of revenue in 2018. Moody's says it expects the deal to be accretive to earnings per share on a GAAP basis in 2022.

Financial terms of the transaction were not disclosed. Moody’s expects the acquisition of RiskFirst to be accretive to earnings per share on a GAAP basis in 2022. On an adjusted EPS basis, which excludes purchase price amortisation, the transaction is expected to be accretive in 2021. RiskFirst generated £16.5 million of revenue in 2018. The transaction was funded with offshore cash on hand.


ABOUT MOODY’S CORPORATION

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.4 billion in 2018, employs approximately 13,200 people worldwide and maintains a presence in 44 countries. Further information is available at www.moodys.com.

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