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Dec. 11, 2013, 7:41 AM
- Boosting the research and analytical capabilities offered by Moody's Analytics, Moody's (MCO) acquires Amba Investment Services for an undisclosed amount of cash.
- About 10 years old, Amba is known for providing outsourced investment research and analytics to financial institutions. It's expected to generate about $39M in revenue this year.
- The deal isn't expected to have a material impact on Moody's EPS.
Moody's Corporation provides credit ratings, credit and economic related research, data and analytical tools, software solutions and related risk management services, quantitative credit risk measures, financial services training & certification services.
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