Investortools Announces the Acquisition of Merritt Research Services

Premier solutions provider for fixed-income PMs, traders, credit analysts and more is now home to Merritt, the industry-leading data and research source on thousands of municipal borrowers

CHICAGO–(BUSINESS WIRE)–Investortools, Inc., the leading provider of software-based solutions for fixed-income portfolio management, trading, compliance, credit analysis, and benchmark risk analysis, announced today that it has acquired Merritt Research Services, LLC (“Merritt”), the premier source for financial data in the municipal space.

Merritt and Investortools have always been philosophically aligned around the value of integrating portfolio management and credit analysis, and we could not be happier about joining forces with the best in the business,” said Mike Green, Chief Operating Officer with Investortools. “We’ve long had an outstanding working relationship, with Investortools’ clients having had the opportunity to take advantage of various Merritt offerings, but as one company, we are even better positioned to roll out new data offerings and enhancements to our solutions that will help our clients compete and succeed in the rapidly changing fixed-income marketplace.”

Founded in 1983, Investortools’ products and services are designed to power the workflow for fixed-income portfolio managers, traders, credit analysts and other market participants. Initially focused on municipal fixed-income analytics, Investortools has consistently expanded and augmented its service offerings over the years to stay ahead of the needs of its industry-leading clients, who rely on the firm’s solutions for both funds and hundreds of thousands of separately managed accounts.

The fixed-income market doesn’t sit still, and neither do we,” added Jon Anderson, Chief Product Officer with Investortools. “Clients ranging from single-manager shops to firms managing tens of thousands of accounts rely on us to deliver best in class solutions, and the acquisition of Merritt fits in perfectly with that goal. We’re very excited to begin rolling out new tools and new models to assist our clients in quickly making well-informed trading decisions.”

For more than 30 years, Merritt has developed and refined its industry-leading practices to provide the most accurate financial statement data available in the municipal finance world. Merritt’s team collects and aggregates official audit reports and continuing disclosure information from over 10,000 individual municipal borrowers. The firm also associates bond issues with obligated parties for the entire municipal market. The breadth of that dataset, coupled with the depth of the active research that the Merritt team conducts to rigorously verify, analyze and evaluate their findings, has made Merritt the undisputed leader in helping clients understand the financial condition of thousands of municipal borrowers.

We are extremely proud of Merritt’s history as the industry’s first municipal bond credit data system, and for over 33 years now, Merritt Research has developed and refined our practice to provide the most accurate financial statement data available,” said Richard A. Ciccarone, Founder of Merritt Research Services, and now President of Merritt Research. “Investortools has always been an important strategic partner and the time is right to combine our efforts. I am very excited about the ways in which our teams are already collaborating on the next generation of solutions that will power the leaders in fixed-income investment management.”

About Investortools, Inc.

Founded in 1983, Investortools specializes in software solutions for credit analysis and portfolio management in the institutional marketplace. Serving over 200 premier companies and financial institutions, Investortools and its affiliates have offices in the U.S., Europe and Asia. For more information, please visit www.invtools.com.

Contacts

Media:
Chris Sullivan

MacMillan Communications

(212) 473-4442

chris@macmillancom.com

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