Global Reports' Database Becomes Part Of Morningstar

Morningstar, Inc., a provider of independent investment research, has acquired the financial filings database business of Global Reports LLC, a provider of online financial and Corporate and Social Responsibility (CSR) reports for publicly traded companies around the world. Founded in

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Morningstar, Inc., a provider of independent investment research, has acquired the financial filings database business of Global Reports LLC, a provider of online financial and Corporate and Social Responsibility (CSR) reports for publicly traded companies around the world.

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.

In addition, the Global Reports database also allows full-text searches across company filings for in-depth research.

Morningstar plans to fully integrate Global Reports’ financial filings database into popular products such as the company’s investment Web site, Morningstar.com(R); Morningstar(R) Advisor Workstation(SM), a Web-based investment planning system for advisors; Morningstar Direct(SM), a Web-based research platform for institutions; and 10-K Wizard, a provider of SEC EDGAR filing research and alert services, which Morningstar acquired in December 2008.

“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,” says 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.”

“We’re proud of our growth and accomplishments over the last 10 years,” says Scott Schwartz, founder of Global Reports. “Becoming part of Morningstar offers clear benefits for our clients. Morningstar is a leader in the collection and dissemination of investment data, and our clients will now have access to Morningstar’s extensive array of data resources and technology.”

L.D.

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