Standard & Poor’s said it has acquired quantitative portfolio management and research company ClariFI for an undisclosed price.
The deal will bring ClariFI’s portfolio analysis tools to S&P’s Capital IQ subsidiary, a provider of Web-based professional information applications, and furthers the strategy of providing Capital IQ clients with high-quality data and analytics that can streamline their workflows and improve decisionmaking, Standard & Poor’ said in a statement.
“We have been very successful in providing fundamental research solutions for financial firms, but our clients are increasingly looking for portfolio analytics to make decisions,” says Randall Winn, an S&P managing director with responsibility for Capital IQ and Compustat. “With ClariFI, we can address immediate client needs and target new opportunities to serve quantitatively oriented investment managers.”