RiskMetrics to acquire Institutional Shareholder Services
November 2006, Analytics outfit RiskMetrics is to acquire proxy voting and governance company Institutional Shareholder Services.
It is estimated that the combined entity will generate over $200 million in revenue per year with approximately 800 employees across 23 offices serving over 2400 clients worldwide. The two companies say the merger will enable them to expand beyond their core businesses of financial risk management and corporate governance to offer a broad range of data, analytics and advice to investors.
