- Morningstar (NASDAQ:MORN) has acquired InvestSoft Technology in a move to shore up bond analysis.
- Terms weren't disclosed. InvestSoft helps firms analyze fixed-income securities and portfolios using its BondPro calculation engine.
- The company will rebrand InvestSoft's offering under the Morningstar name and gradually integrate it into data processing systems and existing products.
- InvestSoft founder Al Roitfarb will become head of architecture, fixed income, and CEO Todd Roitfarb will become head of fixed-income products.