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Morningstar acquires fixed-income specialist InvestSoft

May 31, 2016 7:35 PM ETMorningstar, Inc. (MORN) StockBy: Jason Aycock, SA News Editor
  • 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.

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