Morningstar says it has bought InvestSoft Technology, which offers fixed-income analytics. According to the Chicago-based research firm, InvestSoft helps investment firms analyze fixed-income securities and portfolios. Its BondPro Fixed-Income Calculation Engine can make more than 130 analytic and accounting calculations.
"Our asset management and advisor clients have been asking for more robust fixed-income capabilities, and InvestSoft's analytics will help us create a more complete view of mutual fund and exchange-traded fund portfolios, providing investors with better transparency into bond funds," said Frannie Besztery, head of data for Morningstar, in a press release recently.
Terms of the deal were not disclosed. However, Morningstar says it will "gradually integrate" the firm's capabilities into its data processing systems and product functionality. The firm also plans to rebrand InvestSoft with the Morningstar name.
