NEW YORK, Oct. 3, 2016 /PRNewswire/ -- S&P Global (NYSE: SPGI) announced today that it has successfully completed its sale of S&P Global Market Intelligence's Equity and Fund Research (Equity Research) business to CFRA, a leading independent provider of forensic accounting research, analytics and advisory services.
The terms of the deal were not disclosed.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we know that not all information is important—some of it is vital. Accurate, deep and insightful. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuation and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction.
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/marketintelligence.
CFRA (www.cfraresearch.com), is the world's largest provider of institutional-grade independent equity research. Through sophisticated forensic analysis and broad fundamental equity and fund research, CFRA empowers sophisticated investment professionals, advisors and risk managers with actionable ideas and proven results. Founded in 1994, CFRA utilizes battle-tested methodologies that consistently identify actionable situations from which clients can gain an investment edge and avoid risk. CFRA's global clients include the world's leading institutional investors, wealth advisors, insurance companies, regulators, and professional service organizations
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SOURCE S&P Global Market Intelligence