Meanwhile, Standard & Poors, a provider of independent investment research, indices and ratings and a division of The McGraw-Hill Companies, is acquiring Capital IQ, a provider of information solutions to the global investment and financial services communities. "Capital IQ is an ideal match for Standard & Poors. We will combine Capital IQs innovative technology and data platform and rapidly growing client base with Standard & Poors content covering fixed income, equities, indices and mutual funds as well as select portions of fundamental data from our Compustat unit," said Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies. Standard & Poors has 5,000 employees located in 20 countries and a 140-year history. It strives to provide investors with independent benchmarks intended to make them feel more confident about their investment and financial decisions.Capital IQ, launched in late 2000, has grown to serve over 700 client organizations across investment banking, investment management, private equity, advisory services and many S&P 500 corporations. Based in New York, Capital IQ employs about 1,000 people in the United States, United Kingdom and India. Terms of the transaction were not disclosed. Check out eWEEK.coms Finance Center for the latest news, views and analysis on financial applications and services for the enterprise and small businesses.
Capital IQ supplies a technology platform that delivers detailed information on public companies, private companies, private capital firms, transactions and executives worldwide as well as tools for financial analysis, idea generation, relationship development and workflow management. Clients can deploy the Capital IQ Platform either as a stand-alone solution or integrate components of its data and tools into existing business applications and portals via systems integration and custom data feeds.