Even as the markets and economy shake, Morningstar is still acquiring. On Thursday the Chicago-based fund ratings firm unveiled its $12.5 million purchase of 10-K Wizard, a specialized financial research firm that utilizes the SEC's EDGAR system.

"The acquisition of 10-K Wizard aligns with our goal of bringing greater transparency to equity investments," stated Morningstar data services president Liz Kirscher, praising 10-K as "a well-respected resource for financial research.

Dallas-based 10-K boast about 25 employees. Morningstar spokeswoman Alexa Auerbach confirmed that they "hope to retain of the employees" at 10-K and that 10-K CEO Martin Zacarias has agreed to stay on. Zacarias will report to Guoping Dai, head of global equity data business. 

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