Moody’s acquires fintech RiskFirst
Moody’s Corporation has acquired RiskFirst, a provider of risk analytic solutions for the asset management and pension fund industries, reports Jane Connolly.
The corporation plans to bolster Moody’s Analytics’ offering for the institutional buy-side with the addition of RickFirst’s PFaroe risk solution for the US and UK defined benefit pension markets.
RiskFirst’s product portfolio also serves the institutional investment market, such as endowments, asset managers and foundations.
“RiskFirst sits at the heart of the buy-side and asset owner ecosystem and is known for its specialised experience and high-quality products,” says Mark Almeida, president of Moody’s Analytics.
“Adding RiskFirst’s platform to Moody’s Analytics’ product offering creates significant opportunities for growth and demonstrates our commitment to extend our reach and capabilities to the buy-side and asset owner community.”
Matthew Seymour, CEO of RiskFirst, adds: “Combining Moody’s Analytics’ scale, reach and capabilities with RiskFirst’s leading solutions and extensive customer base creates a strong value proposition for buy-side institutions and asset owners.”
The financial details of the deal have not been disclosed.