MUMBAI, India, Sept. 22 /PRNewswire/ -- Standard & Poor's announced today that Irevna, a division of Standard & Poor's subsidiary, CRISIL, will be expanding its capabilities through the acquisition of Pipal Research Corporation, a leading analytical outsourcing company. The acquisition further cements Irevna's leadership position as a global provider of high-end research and analytical off-shoring services.
Irevna provides research and analytical services spanning equity research, credit research, derivatives support, quantitative research, risk management, commodities research, actuarial services and foreign exchange research. The firm has been consistently ranked the number one financial services and investment outsourcing firm by Datamonitor Black Book of Outsourcing. Providing services from Chennai, Mumbai, Buenos Aires and Wroclaw (Poland), Irevna is also setting up a research center in China.
"We are delighted to acquire a business that expands our portfolio as the Irevna-Pipal combination uniquely positions us in the high-end analytical off-shoring space while further diversifying our range of services, geographic locations and customers," said Roopa Kudva, Managing Director of Standard & Poor's South Asia and CEO of CRISIL. "Pipal's strengths in business research and data analytics for global telecommunications, technology, consumer goods and industrial firms complement Irevna's strengths in the financial services sector."
The acquisition marks a milestone in Standard & Poor's continued growth over the past 30-plus years in Asia-Pacific. S&P has built a strong presence in all key markets in the region and has strengthened coverage and reach through domestic alliances and regional projects. In recent years, demand from global companies for high-end analysis and research has grown with outsourcing becoming an increasing part of the mix. "Asia plays an important role in providing off-shoring services to global companies and we are pleased that Irevna continues to expand its fast-growing analytical and research services," said Tom Schiller, Executive Managing Director and Head of Standard & Poor's Asia-Pacific.
About Irevna (www.irevna.com)
Irevna is a leading high-end research and analytical services provider for investment banks, insurance companies, asset management firms and other financial institutions. The firm has been consistently ranked the number one financial services and investment outsourcing firm by Datamonitor Black Book of Outsourcing. Irevna provides its services from Chennai, Mumbai, Buenos Aires, and Wroclaw (Poland).
About CRISIL Limited, a Standard & Poor's company (www.crisil.com)
CRISIL is India's leading Ratings, Research, Risk and Policy Advisory Company. CRISIL's majority shareholder is Standard & Poor's. CRISIL offers domestic and international customers a unique combination of local insights and global perspectives, delivering independent information, opinions and solutions that help them make better informed business and investment decisions, improve the efficiency of markets and market participants, and help shape infrastructure policy and projects. Our integrated range of capabilities includes credit ratings and risk assessment; research on India's economy, industries and companies; investment research outsourcing; fund services; risk management and infrastructure advisory services.
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