NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI), a leading provider of indexes and portfolio construction and risk management tools and services for global investors, announced today that it has entered into a definitive agreement to sell InvestorForce to Resurgens Technology Partners. Resurgens Technology Partners intends to merge InvestorForce with its portfolio company Investment Metrics, a leading provider of investment reporting and analytical solutions. The terms of the transaction, including the purchase price, were not disclosed. The transaction is expected to close within the next three months and is subject to customary closing conditions.
InvestorForce, a product line that was included within MSCI’s Analytics unit, provides performance measurement and reporting software to institutional investment consultants. Its integrated solution provides for daily monitoring, analysis and reporting on institutional multi-asset class portfolios. The transaction is not expected to have a material impact on MSCI’s results of operations.
Henry A. Fernandez, Chairman and Chief Executive Officer of MSCI, said, “The sale of InvestorForce will allow us to focus on our long-term strategy of helping global investors achieve their investment objectives and understand the drivers of performance and risk in their portfolios. We are pleased to have found a buyer that will complement the powerful suite of tools that InvestorForce brings to the investment community.”
Davis Polk & Wardwell LLP acted as legal advisers to MSCI.
About MSCI
For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research.
Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research.
MSCI serves 99 of the top 100 largest money managers, according to the most recent P&I ranking.
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