CHICAGO, Sept. 6, 2011 /PRNewswire/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today announced it has rebranded the company's Hemscott
businesses under the Morningstar name.
Morningstar acquired Hemscott in January
2008, adding substantial equity data and listed company
information to Morningstar's global database as well as a new suite
of products including online investor relations solutions. The
rebranding covers Hemscott IR, Hemscott Equity Data, Hemscott
Company Guru, and the Hemscott Adviser Rankings Guide.
"Morningstar's equity data coverage expanded exponentially when
we acquired Hemscott three years ago," said Kunal Kapoor, president of Morningstar's equity
data business. "Our listed and private company data is well-known
to UK investors, and under the Morningstar brand this important
area of our business will be better positioned for international
growth. The recent addition of U.S. and Canadian company and
executive data to our coverage and the expansion of our investor
relations business in the United
States are early examples. We're pleased to bring these
products under the Morningstar name as we continue our mission to
create great products that help investors reach their financial
goals."
The new brands are:
- Hemscott IR is now Morningstar® Investor Relations
Services™.
- Hemscott Equity Data is now Morningstar® Equity Licensed
Data.
- Hemscott Company Guru is now Morningstar® Company
Intelligence™.
- The Hemscott Adviser Rankings Guide is now Morningstar®
Professional Services Rankings Guide, with an "All-Market Edition"
and an "AIM Edition."
The Hemscott investment research website, www.hemscott.com,
which has approximately 140,000 unique visitors per month, will
keep its existing URL until the first quarter of 2012. The company
plans to gradually migrate all existing Hemscott.com data and
services, including its Premium Account services and the National
Storage Mechanism, to www.morningstar.co.uk.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment research in North
America, Europe,
Australia, and Asia. The company offers an extensive line of
products and services for individuals, financial advisors, and
institutions. Morningstar provides data on approximately 400,000
investment offerings, including stocks, mutual funds, and similar
vehicles, along with real-time global market data on more than 5
million equities, indexes, futures, options, commodities, and
precious metals, in addition to foreign exchange and Treasury
markets. Morningstar also offers investment management services
through its registered investment advisor subsidiaries and has more
than $180 billion in assets under
advisement and management as of June 30,
2011. The company has operations in 26 countries.
©2011 Morningstar, Inc. All rights reserved.
MORN-C
Media Contact:
Nadine Youssef, +1 312 696-6601 or
nadine.youssef@morningstar.com
SOURCE Morningstar, Inc.